A Dubai-based team of lawyers from global law firm K&L Gates LLP has advised Jordan’s Rassam family on the sale of a significant minority interest in Al Nabil Food Industries Limited Company (“Nabil Foods”) to global alternative asset manager, The Carlyle Group (NASDAQ:CG). The transaction closed on May 13, 2013, and is the first significant investment by an international private equity house into Jordan (more…)
Clifford Chance advised The Carlyle Group on their strategic investment in Al-Nabil Food Industries Co. Ltd., a frozen and chilled food products company in Jordan. The transaction closed on May 13, 2013 (more…)
Dana Gas PJSC, the largest independent oil and gas company in the UAE, has successfully completed the restructuring of its US$1 billion Trust Certificates (sukuk al-mudarabah). The restructuring, the first of its kind in the Middle East, was implemented through the exchange of Dana Gas’ existing sukuk certificates with two tranches of new sukuk certificates (one convertible and one non-convertible tranche), each with a 5 year tenor (more…)
King & Spalding has advised Gulf Capital and Gulf Related in obtaining a ground-breaking SAR 450 million financing facility from the National Commercial Bank. The proceeds of the facility will be used to develop a residential compound in Riyadh, Saudi Arabia (more…)
Hogan Lovells has advised Mashreqbank and a syndicate of Islamic and conventional banks, on an AED2bn (US$545m) Islamic and conventional facility made available to GEMS Education, one of the UAE’s leading education providers (more…)
Hogan Lovells’ Dubai office has advised YSL on the acquisition of a stake in its Gulf business through a joint venture with Al Tayer Group, one of Dubai’s leading business groups (more…)
Hogan Lovells has advised Al Bayan Group Holding Company (Al Bayan or the Group), a Saudi-based conglomerate, on its RM200.0 million sukuk, issued on the 24th April 2013, out of its inaugural RM1.0 billion Sukuk Wakalah Programme (the Sukuk Programme) – the first Malaysian Ringgit Sukuk Programme to be established by a Saudi corporate issuer and the first issuance by a Saudi corporate issuer of Malaysian Ringgit denominated sukuk in the Malaysian debt capital market to date. The landmark sukuk has been issued via Al Bayan’s special-purpose vehicle incorporated in Malaysia, ABHC Sukuk Berhad (more…)
Baker & McKenzie recently acted for the Saudi Binladin Group in relation to a SAR 1.3 billion (US$347 million) sukuk al-ijara issued by SBG Sukuk Limited as an exempt offering in the Kingdom of Saudi Arabia. The innovative sukuk structure benefits from security over prime real estate in Jeddah as well as a corporate guarantee from the Saudi Binladin Group (more…)
Latham & Watkins acted for the Managers and the Delegate on Saudi Electricity Company’s (SEC) issuance of US$1 billion Sukuk Certificates due 2023 and US$1 billion Sukuk Certificates due 2043. The transaction represents the first international 30 year Sukuk issuance by any issuer (more…)
Leading global law firm Baker & McKenzie is pleased to announce that Habib Al Mulla, one of the most respected and well-established law firms in the United Arab Emirates (UAE), will merge with the Firm, effective 1 July (more…)
King & Spalding advised Sadara Chemical Company during the tendering and bid evaluation for an operations and maintenance agreement for packaging and shipping with Al Majdouie De Rijke Limited Company (more…)
Patton Boggs LLP has strengthened its presence in the Middle East and North Africa (MENA) region with the opening of a permanent office in Dubai, United Arab Emirates (U.A.E.). Patton Boggs now boasts four offices in the MENA region: in addition to the new Dubai location, the firm maintains offices in Doha, Qatar; Abu Dhabi, U.A.E. and an affiliate office in Riyadh, Saudi Arabia (more…)
