Global law firm Shearman & Sterling has announced the election of Omar Alkaffas (pictured) as a Project Development & Finance (PDF) partner in Abu Dhabi. Alkaffas advises governments on strategic, regulatory, and fiscal matters, corporates and financial institutions on joint ventures, mergers and acquisitions and project development and finance transactions. He has advised on several […]
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Zulficar & Partners Law Firm has welcomed Rana El-Nahal to its partnership. She will be part of the firm’s corporate and M&A Group. El-Nahal has a wealth of experience, having advised clients on many major transactions and joint ventures across a variety of industries since 2008. Her practice focuses on cross-border and local mergers and […]
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Arabian Internet and Communications Services Company (“solutions by stc”) on the acquisition of 100% of Contact Center Company (“ccc by stc”) from Saudi Telecom Company and ESM Holdings. Valued at SAR 450 million (approximately USD120 million), the acquisition will be funded by solutions by stc’s own cash resources. The […]
The legal system of the United Arab Emirates (UAE) has a long and rich history that can be traced back to the pre-Islamic period. During this time, the region was governed by a system of tribal laws and customs that were developed and enforced by local leaders. In the early 20th century, the UAE was […]
Egypt-based law firm, Shalakany has elected Sherry El Shalakany (pictured) to its partnership. Sherry El Shalakany joined the Firm in November 2007 in the Corporate Department up to date. Her practice includes corporate & commercial, banking, labour and employment, project financing, taxes and capital markets. El Shalakany worked on numerous m&a transactions involving advanced level […]
Kuwait-based law firm, Meysan Partners, has represented a consortium comprised of Ali Alghanim Sons Automotive Company, Mohamed Yousuf Naghi Motors Company, Organi Group, and Al Safy Automotive Company in their successful acquisition of 100% of Mid-East Auto Company, a Bermuda incorporated company directly and indirectly owning the Bavarian Auto Group, BMW’s Egypt dealership. Meysan team […]
Deal & transactions
Energy & Trading
United Arab Emirates
Emerge and Al Dahra to develop rooftop solar project in
Emerge, a joint venture between Masdar and EDF, and Al Dahra Group, an integrated agri-businesses in the Middle East, have entered into a strategic partnership to develop a rooftop solar photovoltaic (PV) installation at Al Dahra Food Industry at Khalifa Industrial Zone Facility Abu Dhabi (KIZAD). The rooftop solar system will be installed on Al […]
Regional legal platform EKP enhances its public, corporate & commercial practice groups in its Beirut office, with the naming of Nadim Gemayel (pictured) as partner. Gemayel has more than 15 years’ experience in Lebanon and Qatar. He advises on high-profile M&A transactions, joint ventures, and general corporate and commercial matters. Nadim also brings a truly […]
Healthcare, Pharma & Life Sciences
IPOs
Other
Asafo & Co. advises in Moroccan private hospital group Akdital’s IPO
Asafo & Co. is advising Akdital in its IPO on the Casablanca Stock Exchange. The offering will take place through a capital increase and a share sale. Valued at 1.2 billion dirhams (US$ 110 million), the transaction will help fund Akdital’s development plan. With just five clinics in 2019, by the end of this year […]
Banking & Finance
Banking & Finance
United Arab Emirates
Baraka raises USD20 milli in series A funding round
Baraka, a commission-free online brokerage platform based in the Middle East, has raised USD20 million in a Series A funding round, led by Peter Thiel’s Valar Ventures with participation from global investment firm Knollwood. The proceeds will be used by Baraka to expand across the GCC and Egypt, increase customer acquisition, and hire staff […]
