Baker & McKenzie Habib Al Mulla Advises on acquisition

Baker & McKenzie Habib Al Mulla has advised Chedid Capital Holding, a regional insurance and reinsurance group, on its acquisition of 75 per cent of Al Manara Insurance Services Co Ltd Sharjah, an insurance brokerage firm operating in the UAE.

This move is part of the company’s expansion and consolidation plan in countries of the EMEA region by 2017. Chedid Capital Holding is already established in Europe, Middle East and Africa and offers services and solutions to clients in more than 45 countries.

Mazen Boustany, head of UAE Banking & Finance at the firm advised on the transaction. ” He was assisted by Rony Eid, a senior associate in Baker & McKenzie Habib Al Mulla’s UAE Corporate practice.