Shahid Law Firm has successfully secured a win in the appeal court for its client, MBC Group, in the dispute against actor Mohamed Ramadan. The court amended the judgement, raising the compensation to be
Tags :sx3
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
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’
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
Al Tamimi & Company has established a new Advocacy Unit and appointed partner David Holloway (pictured) as its head. The creation of the new unit has come in response to the increase in English language
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
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,
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,
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,
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
