Abu Dhabi-headquartered international energy company, Mubadala Petroleum, has unveiled its new brand name – Mubadala Energy. The new brand reflects a fresh strategic direction that will see Mubadala Energy build on its contribution to the energy
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Deal & transactions
Fashion, Luxury & Design
United Arab Emirates
Noon to acquire Emaar’s fashion venture Namshi for AED 1.23B
Emaar Malls Management (“Emaar Malls”) has entered into a definitive share purchase agreement with Noon, an e-commerce company backed by Dubai billionaire Mohamed Alabbar and Saudi Arabian sovereign fund the Public Investment Fund (“PIF”),&
Deal & transactions
Energy & Trading
United Arab Emirates
Norton Rose Fulbright advises IHC on a AED1.8B acquisition deal
Global law firm Norton Rose Fulbright has advised International Holding Company (IHC) in connection with its AED 1.8 billion (approximately USD 490 million) acquisition of a 50% stake in Kalyon Enerji, through its subsidiary International Energy Holding. &
Alamar Foods, a Saudi based Quick Service Restaurant operator in the Middle East, North Africa and Pakistan, has completed its SAR1.22 billion (approximately USD326 million) initial public offering (IPO) and listing of ordinary shares
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Al Tamimi & Company with Peninsula on a AED555m assets deal
Peninsula Real Estate Management Limited (“Peninsula”), a real estate investment company incorporated in Abu Dhabi Global Market, has agreed to purchase for an amount of AED 555 million 17 leased warehouse buildings situated on five plots at
French container transportation and shipping company CMA CGM Group via its subsidiary CMA Terminals Holding has signed a definitive terminal service agreement and a terminal operating agreement for Alexandria’s Port’s Trans Misr
Deal & transactions
Transport
United Arab Emirates
Zakher Marine International successfully acquired by ADNOC L&S
Zakher Marine International (“ZMI”), an Abu Dhabi-based owner and operator of offshore support vessels, has been acquired by ADNOC Logistics & Services (“ADNOC L&S”), the shipping and maritime logistics arm of Abu Dhabi
Banking & Finance
Capital Markets
Egypt
MBH advises Tasaheel in its EGP 2.66 Billion Securitization Transaction
Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Tasaheel Microfinance Company (“Tasaheel”) in connection with an EGP 2.66 billion securitization transaction. The transaction is considered the first issuance of Tasaheeel and Mashroey’s
Capital Markets
Oil & Gas
Saudi Arabia
Petro Rabigh completes capital increase of SAR 7.95B by rights offering
Saudi-Listed Rabigh Refining and Petrochemical Company’s (“Petro Rabigh”) has completed a capital increase of SAR 7,950,000,000 by way of a rights issue (“Rights Issue”), offering 795,000,000 new shares at an offer price of SAR 10 per share
Asafo & Co. advised Disty Technologies on its IPO, the first ever, on the Alternative Market of the Casablanca Stock Exchange. Disty Technologies, Moroccan importer and distributor of IT equipment and solutions, has successfully listed
