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Banking & Finance Banking & Finance Saudi Arabia

Dentons with Islamic Development Bank on $2B sukuk issuance

suzan.taha@lcpublishinggroup.it 28 March 2023

Global law firm Dentons has provided legal counsel to the Islamic Development Bank (IsDB) on the issuance of USD2 billion trust certificates as part of its USD25 billion trust certificate issuance programme. The transaction, which was made through a special purpose vehicle issuer incorporated in Luxembourg, was successfully completed on March 14, 2023. Dentons has […]

Deal & transactions Egypt Transport

Baker McKenzie: Hutchison Ports awarded new concessions in Egypt

suzan.taha@lcpublishinggroup.it 22 March 2023

Hutchison Ports, a renowned port investor, developer, and operator, has been advised by global law firm Baker McKenzie on two new concessions in Egypt, in addition to related shareholding arrangements. The investment, which amounts to approximately USD 700 million, will include the development of a new container terminal in Ain Sokhna Port, with a 1.7 […]

Appointments Other

Baker McKenzie bolsters Bahrain practice with Khaled Zowayed

suzan.taha@lcpublishinggroup.it 13 March 2023

Baker McKenzie is making further strides to strengthen its operations in Bahrain by expanding its real estate practice with the strategic rehiring of Khaled Zowayed (pictured) as a partner. Zowayed, who will be based in Bahrain, will concentrate on commercial real estate matters related to the Saudi Arabia and Bahrain markets. Commenting, Bahrain Managing Partner, Ian […]

Banking & Finance Banking & Finance Egypt

Bedaya Mortgage Finance closes second securitized transaction

suzan.taha@lcpublishinggroup.it 8 March 2023

Dreny & Partners has played a pivotal role in the successful closure of Bedaya Mortgage Finance’s second securitized transaction, valued at EGP 958 million. This transaction forms part of a larger three-year multi-issuance program worth EGP 3 billion. The issuance was underpinned by a receivables portfolio originated by Bedaya Mortgage Finance Co., and was structured […]

Banking & Finance Banking & Finance Egypt

Al Oula Mortgage finance closes 1st Securitization Transaction

suzan.taha@lcpublishinggroup.it 7 March 2023

Al Oula Mortgage Finance Co. has successfully closed its inaugural securitization deal, raising EGP 998.5 million through the issuance of six tranches backed by its mortgage finance portfolio. This securitization is part of a larger three-year program with a total value of EGP 3 billion. The issuance was backed by receivables portfolio originated by Al […]

Banking & Finance Real Estate, Construction & Infrastructure United Arab Emirates

Dentons advises Arada on its USD50 million sukuk tap issuance

suzan.taha@lcpublishinggroup.it 3 March 2023

Arada Developments (‘Arada’), a major property developer in the Northern Emirates of the UAE, has completed its successful second tap issuance of USD 50 million sukuk with the assistance of Dentons. The transaction was successfully completed on 16 February 2023 with Mashreqbank, acting through its Islamic Banking Division, acting as the sole manager of the issuance, […]

Appointments United Arab Emirates

Ziad Zarka appointed as MONTFORT General Counsel in Dubai

suzan.taha@lcpublishinggroup.it 23 February 2023

MONTFORT, a global commodity trading and related-asset investment company, has recently appointed Ziad Zarka (pictured) as its new General Counsel in Dubai. Zarka brings over 25 years of senior and executive roles in legal, compliance, and corporate governance, having served seven multi-billion dollar US and international entities across four industries. In his new role as […]

Egypt Private Clients

Shalakany successfully defends a client in ICC Arbitration

suzan.taha@lcpublishinggroup.it 16 February 2023

Shalakany has successfully defended its client, a major regional real estate developer in Egypt and the Middle East, in an ICC Arbitration case filed against the client. The dispute stemmed from four construction contracts related to a residential complex in the MENA region. The Tribunal’s final award ordered the opposing party (the contractor) to pay […]

Appointments Egypt

Ali Abdullah and Mohamed Naguib welcomed to MBH partnership

suzan.taha@lcpublishinggroup.it 13 February 2023

Matouk Bassiouny & Hennawy has promoted Ali Abdullah (pictured) to partner and head of Tax Litigation practice and Mohamed Naguib (pictured) to partner and head of criminal litigation practice. With experience in the legal field spanning over two decades, Ali Abdullah has dealt with arbitration cases and disputes on behalf of local and foreign customers in the […]

Deal & transactions Egypt Transport

ZH&P advises Global Auto in establishing a JV with Contact Financial

suzan.taha@lcpublishinggroup.it 9 February 2023

Global Auto, the official and authorised distributor of BMW and MINI in Egypt, in entering into a joint venture and operating agreements with Contact Financial Holding to provide consumer financial services to end clients. This strategic joint venture will materialize by incorporating a new consumer finance company between Global Auto and Contact. The JV company shall […]

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