Biopharmaceutical company AstraZeneca has appointed Sara Abdelaziz (pictured) as head of legal Egypt. The announcement was made by Abdelaziz via a Linkedin post saying: “I’m happy to share that I’m starting a new
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Deal & transactions
Industrial
United Arab Emirates
CMS advises Aldar investment on the launch of Aldar Logistics
Aldar Investment, the investment business of Aldar Properties, has acquired a 70% equity interest in Abu Dhabi Business Hub, valued at more than AED 500 million. The acquisition sees the creation of Aldar Logistics,
Renewable energy solutions provider Scatec has completed the refinancing of the non-recourse project debt for 6 solar power plants in Benban, Egypt, with a total capacity of 380 MW, through the issuance of 19-year USD 334.5
Deal & transactions
Egypt
Real Estate, Construction & Infrastructure
SIDC and Al Ahly Capital to develop a new Industrial
Suez Industrial Development Company (SIDC), a majority-owned subsidiary of Orascom Construction, has signed an agreement with Al Ahly Capital Holding (ACH), the investment arm of the National Bank of Egypt, to jointly develop a 2.2 million
Deal & transactions
Egypt
Industrial
Other
Saudi Arabia
Dentons: Volkswagen’s Cariad acquires Intenta’s automotive business
Global law firm Dentons has provided comprehensive antitrust advice to Cariad, the software division of the Volkswagen Group, in relation to its acquisition of the automotive business of Intenta. With the acquisition, Cariad is expanding
All for One Group, the consulting and IT Group based in Germany, has completed the acquisition of customer experience (CX) experts POET along with a majority stake in the development company
Banking & Finance
United Arab Emirates
Latham & Watkins: Chimera Capital closes venture capital fund at
Abu Dhabi investment firm Chimera Capital, a subsidiary of Chimera Investments, which is part of Royal Group, has successfully closed its second venture capital fund at USD 10 billion. The new fund, Alpha Wave Ventures II,
Global law firm Norton Rose Fulbright – acting as US federal securities, New York, English and UAE law legal counsel – has advised the underwriters, led by Citi, HSBC and MUFG, in connection with the issuance by
Sustainability and digital experts currently operating in the UAE, KSA and Egypt, Beeah Group have appointed Shaun Johnson (pictured) as its group general counsel. Johnson reports to the group ceo Khaled Al Huraimel, who highlighted
