Tags : White & Case

Banking & Finance Saudi Arabia Transport

International Maritime Industries establishes new maritime fund 

Global law firm White & Case has advised International Maritime Industries, on the establishment of GMF Global Maritime Fund RAIF, a new independent Cyprus-based maritime fund.  Based in Saudi Arabia, International Maritime Industries is a joint venture between Saudi Aramco, Bahri, Lamprell and Hyundai Heavy Industries. It is currently the largest maritime yard in the Middle […]

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) […]

Capital Markets IPOs Saudi Arabia TMT

Saudi-based 2P Initial Public Offering on Tadawul. The advisors   

Global law firm White & Case and The Law Office of Megren M. Al-Shaalan have advised Perfect Presentation for Commercial Services Company (“2P”), provider of artificial intelligence and technology solutions, on its initial public offering (“IPO”) on the Saudi Stock Exchange (“Tadawul”).  With total IPO proceeds raising SAR 832.5 million (USD222 million), 2P offered 4.5 million […]

Deal & transactions Egypt Transport

Egypt’s First High-speed Electric Rail Network agreement signed 

German rail mobility solutions provider, Deutsche Bahn International Operations (“Deutsche Bahn”), part of DB E.C.O. Group; and Elsewedy Electric have signed a 15 years operations and maintenance agreement with National Authority for Tunnels (“NAT”) for Egypt’s first electric high-speed rail.   The project agreement, that was signed during the 27th Conference of the Parties (“COP27”) in Sharm El-Sheikh, strengthens […]

Deal & transactions Egypt

Adsero advises on the acquisition of Selah El Telmeez 

The Sovereign Fund of Egypt (“TSFE”) and education management firm Egypt Education Platform (“EEP”) have successfully entered into a joint acquisition of an undisclosed majority stake in the educational publishing entity Selah El Telmeez (“SET”).   The investment, that is aimed to help Selah El Telmeez in its digital expansion and market share, is part of TSFE’s education investment strategy aimed at collaborating […]

Banking & Finance Capital Markets Saudi Arabia

Saudi Real Estate Refinance Co. issues SAR3 B guaranteed sukuk   

Saudi Real Estate Refinance Company (“SRC”), the wholly-owned Public Investment Fund of the Kingdom of Saudi Arabia, has increased its programme limit from SAR 10 billion to SAR 20 billion and issuance of SAR 3 billion (USD798 million) sukuk guaranteed by the Ministry of Finance of the Kingdom of Saudi Arabia under its SAR 20 billion domestic sukuk programme.  […]

Deal & transactions E-Commerce Egypt

Development Partners International sells B.TECH stake to PIF

Africa-focused investment firm Development Partners International (“DPI”) sold its 34% minority stake in consumer electronics and household appliances retailer B.TECH to Saudi Egyptian Investment Company (“SEIC”), The Saudi Public Investment Fund (“PIF”)’s Egyptian investment arm.  The advisors  For DPI: White & Case acted as its international counsel alongside Matouk Bassiouny & Hennawy (“MBH”) and Zulficar and Partners as […]

Food & Beverage IPOs Saudi Arabia

Alamar Foods completes its SAR1.22B public offering and listing

Alamar Foods, a Saudi based Quick Service Restaurant operator in the Middle East, North Africa and Pakistan, has completed its SAR1.22 billion (approximately USD326 million) initial public offering (IPO) and listing of ordinary shares on the Saudi Exchange’s Main Market.  With HSBC Saudi Arabia acting as Lead Manager, Financial Advisor, Bookrunner and Underwriter, the IPO involved […]