The firm has advised AXA Liabilities Managers (AXA LM) on its purchase of a majority stake in Islamic reinsurer Emirates Re. AXA LM was founded in 2001 to proactively manage AXA’s non-life reinsurance liabilities, AXA LM...
BonelliErede Middle East LLP (BonelliErede with TLA) announced that it has represented the sole shareholder of Eton Institute FZ-LLC (“Eton Institute”) in the successful closing of the sale of 100 per cent of his share capital...
Online travel agent Cleartrip has acquired the Flyin Group based in Saudi Arabia and related entities across four other jurisdictions. The acquisition strengthens Cleartrip’s presence in the MENA region and, in particular, the Saudi Arabian market....
Watson Farley & Williams (“WFW”) is currently advising the United Arab Emirates’ (“UAE”) Federal Electricity and Water Authority (“FEWA”) on the procurement of a desalination plant in the Emirate of Umm Al Quwain, UAE. On June...
Dentons has advised Oman Tourism Development Company SAOC (Omran) on a partnership with leading UAE developer Majid Al Futtaim (MAF), relating to the largest flagship urban mixed-use development project in the Sultanate. The signing ceremony was...
CMS has advised Abu Dhabi Islamic Bank (ADIB) UK on the Shariah compliant acquisition financing of Lateral House in Leeds for c.£24million on behalf of an Abu Dhabi-based private banking client. ADIB UK, a wholly-owned subsidiary...
Clyde & Co has advised Mitsubishi Corporation on its acquisition of a minority stake in Al Islami Foods, the UAE-based halal food manufacturer and one of the leading frozen food companies in the GCC market. This...
DLA Piper has advised Mediclinic Middle East, one of the largest private health care providers in the United Arab Emirates, on its acquisition of two Dubai-based health clinics from Majid Al Futtaim Healthcare. Mediclinic will acquire...
Clyde & Co has advised Saudi Tabreed District Cooling Company on the private placement of a significant minority stake to IDB Infrastructure Fund II, an investment fund managed by ASMA Capital Partners and regulated by the...
Ashurst advised Petrochemical Industries Company K.S.C. (‘PIC’) on a definitive agreement with Canada Kuwait Petrochemical Corporation (‘CKPC’) to be the marketing agent for CKPC’s proposed 550 thousand metric ton per year polypropylene (PP) production facility in...
