In a significant move within the media and publishing landscape, Paramount Global has successfully finalized the sale of Simon & Schuster to global investment firm KKR for a staggering $1.62 billion in an all-cash transaction. The
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Energy & Trading
News
United Arab Emirates
Successful Steam Blow at Al Layyah Combined Cycle Power Plant
June 2023 marked a significant milestone as Al Layyah Combined Cycle Power Plant, boasting a capacity of 1,026 MW, successfully completed its steam blow for Sharjah Electricity, Water and Gas Authority (SEWA). This achievement stands as a
Global law firm DLA Piper has announced the relocation of its Bahrain office to The Hive, Al Seef District, in the bustling city of Manama. The new premises offer a vibrant and dynamic environment, ideal
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
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
