Cairo, In a groundbreaking move, the Financial Regulatory Authority (FRA) has issued three pivotal decisions – decision no. 139, 140, and 141 of 2023 – nearly a year after the enactment of Law no. 5 of 2022 Regulating and Developing the Use of
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Banking & Finance
Capital Markets
Egypt
Contact Holding completes issuance of EGP1.89b securitized bond
Alieldean Weshahi & Partners – ALC has acted as legal counsel to Contact Financial Holding on the successful conclusion of its 41st issuance of trade receivables bonds, valued at EGP 859.1 billion, for its consumer finance portfolio
Capital Markets
Fashion, Luxury & Design
Other
DLA Piper and ADNA advise on Planet Sport’s Share Issuance
DLA Piper has provided legal counsel to Planet Sport, a prominent distributor of international sporting goods brands in Morocco, regarding the issuance of new shares through a capital increase. This capital increase was specifically reserved
Healthcare, Pharma & Life Sciences
IPOs
Saudi Arabia
White & Case on Jamjoom Pharmaceuticals Factory Company IPO
Global law firm, White & Case, in collaboration with The Law Office of Megren M. Al-Shaalan, has provided legal counsel in the initial public offering (IPO) of Jamjoom Pharmaceuticals Factory Company (Jamjoom). Saudi Fransi Capital
UAE-based legal start-up, Oryx Consultants (‘Oryx’), is making waves in the legal industry with its alternative approach to accessing legal advice and services. Having facilitated transactions worth over USD1.25 billion in the first half of 2023,
Banking & Finance
Services
United Arab Emirates
Dentons on US$500M Trust Certificates Issuance by MAF Sukuk
Dentons provided legal counsel to the managers in a successful issuance of US$500 million Trust Certificates by MAF Sukuk, an SPV incorporated in the Cayman Islands. The transaction was completed on June 1, 2023, with Citigroup, HSBC,
Ashraf Abdelhamid (pictured) has been promoted to CEO, Group Legal at the esteemed National Bank of Egypt (NBE). With his new role, Abdelhamid assumes leadership of the legal function within NBE in Egypt and on
Banking & Finance
Capital Markets
Deal & transactions
United Arab Emirates
Mubadala Capital buys majority stake in Fortress Investment Group
With the legal guidance of a cross-border team from Shearman & Sterling, Abu Dhabi-based Mubadala Investment Company’s asset management subsidiary, Mubadala Capital, and Fortress Investment Group have announced their definitive agreements to acquire a 90.01%
Deal & transactions
Transport
United Arab Emirates
Etihad Rail and DHL establish JV to optimize UAE’s Supply Chain
Etihad Rail, the developer and operator of the UAE National Rail Network, has entered into a 20-year partnership agreement with DHL Global Forwarding, a subsidiary of Deutsche Post DHL Group, to establish a joint venture
MAG interviewed the professor, an expert in the transformation of the legal profession: «Systems will take over tasks that in the past could only be done by humans» by giuseppe salemme Oxford, 1983. Richard Susskind, a 22
