Tags : sx3

Deal & transactions Egypt TMT

Adsero advises TSFE on the launching of Erada Microfinance 

The Sovereign Fund of Egypt (“TSFE”) has established a Joint Venture with Etisalat Egypt by e& to launch the new company Erada Microfinance with the goal of providing access to a wide range of financial services to micro and small enterprises.    The partnership is in line with Egypt’s Vision 2030 of supporting financial inclusion and creating opportunities for the youth through providing innovative […]

Deal & transactions TMT United Arab Emirates

Latham & Watkins advises on BioNTech’s acquisition of InstaDeep 

Latham & Watkins has provided legal counsel to Chimera Abu Dhabi in the sale of its investment in InstaDeep, a global technology company in the field of artificial intelligence and machine learning, to BioNTech.   The deal includes BioNTech acquiring 100% of the remaining InstaDeep shares, excluding the shares already owned by BioNTech, for a […]

Deal & transactions Egypt Energy & Trading

Apex acquires and finances concessions in Egypt’s western desert 

Herbert Smith Freehills has advised Apex International Energy (“Apex”) on its acquisition of interests in four concessions in the Western Desert region of Egypt from IEOC Production (“IEOC”), a subsidiary of Eni.  Apex International Energy is a privately-held and private equity-backed independent oil and gas exploration and production company focused on Egypt. The acquisition is […]

Deal & transactions Industrial Other

White & Case advises Saudi Aramco on its project with Sinopec

Global law firm White & Case has advised Saudi Arabian Oil Company (“Saudi Aramco”) on its heads of agreement with China Petroleum & Chemical Corporation (“Sinopec”) to build a refinery and petrochemical project in Gulei in China’s southeastern Fujian Province.  The greenfield project comprises a 16 million metric tonne per year (320,000 barrels per day) […]

Deal & transactions Egypt Energy & Trading

AMEA Power secures USD1.1B Wind and Solar Energy deal in Egypt 

Renewable energy company AMEA Power has achieved the financial close to deliver 1GW of renewable energy projects in Egypt. The landmark 500MW wind and 500MW solar projects, represent USD1.1 billion of investment into the Egyptian economy and takes the Company’s clean energy portfolio to 2GW in the country.  Located in the Aswan governorate of Egypt, […]

Banking & Finance News United Arab Emirates

Swiss digital asset bank Sygnum expands its services to Abu

Swiss digital asset bank Sygnum leverages its oversubscribed USD 90m Series B to expand internationally into Abu Dhabi’s high-growth crypto-hub. The bank “has received an in-principle approval from the Abu Dhabi Global Market’s Financial Services Regulatory Authority (“FSRA”), tapping into increasing demand for cryptocurrencies in the region.  Sygnum’s new Middle-East hub will serve the local market with a […]

Education IPOs United Arab Emirates

Taaleem raises AED750 million in IPO with oversubscribed offering  

Taaleem Holdings, the K-12 premium education providers in the UAE with a portfolio consisting of 26 schools, has successfully completed the book building and public subscription process for its Initial Public Offering (“IPO”) on the Dubai Financial Market (“DFM”).  The Offering size is confirmed at AED750 million (USD204.2 million), resulting in the issuance of a total […]

Deal & transactions Food & Beverage United Arab Emirates

Gulf Capital sells Chef Middle East to Nasdaq-listed food distributor

Gulf Capital, the private equity and growth capital investor in the GCC and Southeast Asia, has successfully completed the sale of 100% of Chef Middle East (“Chef ME”), the GCC’s premier foodservice distribution business, to The Chefs’ Warehouse (“TCW”), a Nasdaq-listed speciality food distributor operating across North America. The USD 100 million successful sale is one of […]