Tags : sx3

Deal & transactions United Arab Emirates

The Bench advises Finyal Media in its acquisition by Sowt 

Podcast production company Finyal Media has been acquired by the Jordanian podcast and media company Sowt.   Founded in 2019, Dubai based Finyal Media is a podcast network which creates content for young Arabs across MENA, through producing a range of popular Arabic fiction podcasts including 1001 Nights, Juha, The 40 Thieves and The Basement.  Based […]

Banking & Finance Banking & Finance Other

Asafo & Co.: Valoris Capital launches its first private equity

Valoris Capital, a private equity management company has successfully launched its first private equity fund, Valoris Equity Fund.  The Fund was launched with the support and backing of private and public institutional shareholders, mainly from the pension, banking and insurance sectors.  In its first closing Valoris Equity Fund collected subscription commitments totalling over MDH 300 million […]

Deal & transactions Energy & Trading Other

Airut advises MEP in connection to Iraq-based Hydropower plant

Airut Law Offices (“Airut”) has advised Middle East Power (“MEP”) in respect to the drafting and review of the Operation and Maintenance Agreement for the Deralok 37 MW hydropower plant located in Duhok, Kurdistan Region Governorate, Iraq.  The Deralok hydropower plant has costed USD 129 million and was financed by the Japan International Cooperation Agency […]

Banking & Finance Deal & transactions Egypt

Adsero advises Valu on its acquisition of Paynas

Valu, a buy-now-pay-later (“BNPL”) lifestyle enabling fintech platform and a subsidiary of EFG Hermes Holding, has successfully acquired Paynas, a FinTech and digital HR platform.  The transaction falls in line with Valu’s strategy to grow the business and enhance its tech power and allows it to reach Paynas’s extensive base of micro, small, and medium enterprises.  […]

Deal & transactions Real Estate, Construction & Infrastructure United Arab Emirates

Aldar Properties acquires RAK based property for AED810m

Abu Dhabi-based developer, Aldar Properties, via its Aldar Investment business, has expanded its hospitality and leisure investment portfolio in the UAE with the acquisition of the beachfront resort DoubleTree by Hilton Resort & Spa Marjan Island in Ras Al Khaimah, as well as an adjacent beachfront development plot for AED810 million (USD220.5 million) from Mohamed […]

Deal & transactions TMT United Arab Emirates

AIQ and MBZUAI collaborate to energize research into AI technologies 

AIQ, a joint venture between ADNOC and G42, and Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) have signed a memorandum of understanding (MoU) related to joint research into AI related technologies with an emphasis on solutions for the energy sector.   AIQ and MBZUAI will collaborate on a wide range of advanced technologies as well as […]

Appointments Banking & Finance Saudi Arabia

Umera Ali joins Dentons’ Middle East Banking and Finance Practice 

Dentons has expanded its Middle East Banking and Finance practice with the hire of Saudi-focussed partner Umera Ali (pictured).  Ali has significant experience of advising a global client base having worked in six jurisdictions throughout her career. She joins Dentons from DWF, where she most recently served as head of banking & finance in the […]

Deal & transactions Real Estate, Construction & Infrastructure United Arab Emirates

CMS: ADIB finances Urbium Capital Partners’ acquisition of Sainsbury store

Abu Dhabi Islamic Bank (ADIB), a Shariah compliant financial institution, has provided structured Islamic financing of GBP 20 million to Urbium Capital Partners (UCP) for their acquisition of a Sainsbury’s store in Edinburgh, Scotland. The property comprises an 85,961 sqft prime food store and a 12 pump petrol filling station occupying a 4.6 acre site, […]

News Saudi Arabia

King & Spalding advises Alkhabeer Capital on its successful IPO

Alkhabeer Capital has successfully completed the listing and commencement of trading of Alkhabeer Growth and Income Traded Fund units on the Saudi Exchange (Tadawul). The offering raised 1.08 billion Saudi Arabian Riyals (US$D 288 million). The newly listed Fund attracted more than 470k individual and institutional investors. The Fund realized a subscription coverage ratio of […]