Pinsent Masons has appointed international arbitration partner Pamela McDonald (pictured) as the new head of its Doha office, effective 01 July. She succeeds Jonathan Collier who has held the position since 2018. McDonald is an international arbitration
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Deal & transactions
Healthcare, Pharma & Life Sciences
United Arab Emirates
ADQ to acquire Turkish pharmaceuticals company Birgi Mefar Group
Turkish pharmaceuticals company Birgi Mefar Group (BMG) has entered into a definitive acquisition agreement with ADQ, an Abu Dhabi- based investment and holding company. BMG is one of Turkey’s leading producers of sterile injectable
Banking & Finance
Deal & transactions
Egypt
Tanmeyah Microfinance Services acquires Fatura Netherlands
Tanmeyah for Microfinance Services (‘’Tanmeyah”), a wholly-owned subsidiary of EFG Hermes Holding, has successfully completed the acquisition of Fatura Netherlands (“Fatura”). Fatura is a tech-driven Business-to-Business (B2B) platform with a regional footprint
Deal & transactions
Transport
United Arab Emirates
Etihad Rail’s AED1.2bn agreement with Spain’s CAF Group
Etihad Rail, the developer and operator of the UAE national railway network, has signed a AED1.2 billion (USD327 million) agreement with CAF Group, a Spanish rail manufacturer, for designing, manufacturing, supplying, and maintaining passenger trains
Deal & transactions
TMT
Transport
United Arab Emirates
Careem expands services with the acquisition of UAE company Munch:On
Ride-hailing company Careem has acquired UAE subscription-based food delivery company Munch:On as it expands food offerings on its multi-services platform. Following the acquisition, Munch:On will stop daily operations and its services
IPOs
Real Estate, Construction & Infrastructure
United Arab Emirates
Tecom Group raises AED1.7bn in its IPO on Dubai Financial
Tecom Group, a strategic business enabler and a part of Dubai Holding, raised AED1.7 billion (USD463.2 million) from its initial public offering on the Dubai Financial Market. Subject to market conditions and the obtaining of
Banking & Finance
Oil & Gas
Other
Linklaters: nogaholding refinance & upsize its USD1.6bn Murabaha Facility
The Oil and Gas Holding Company (nogaholding), has successfully closed refinancing and upsizing of its USD1.6bn Murabaha Facility to USD2.2bn. The new facility was structured as a dual-tranche (conventional and Islamic) loan employing
Deal & transactions
Egypt
Saudi Arabia
TMT
Egypt’s Benya enters into a cooperation agreement With Saudi’s Alfanar
Benya Group, the digital solutions and ICT infrastructure provider in Egypt and MEA region signed a cooperation agreement with alfanar company, specialists in the electrical and construction industries in the Middle East and
Banking & Finance
TMT
United Arab Emirates
PwC Middle East invests in AWS Premier Consulting Partners Zero&One
PwC Middle East enters into a strategic investment in Zero&One, Amazon Web Services (AWS) Premier Consulting Partners in the region. Zero&One supports clients’ growth through delivering AWS services
Deal & transactions
Insurance
United Arab Emirates
Daman and Emirates NBD launch new ‘Early Payment Scheme’
Emirates NBD, a banking group in the Middle East, North Africa and Turkey (MENAT) region and the National Health Insurance Company – Daman, have launched a new financing initiative providing an ‘Early Payment Scheme’ to Daman’
