Emirates NBD Bank PJSC’s $1 Billion Perpetual AT1 Capital Securities Offering

Norton Rose Fulbright advised HSBC Bank plc and Standard Chartered Bank as structuring agents, and BNP Paribas, Emirates NBD Bank PJSC, First Abu Dhabi Bank PJSC, HSBC Bank plc, Nomura International plc and Standard Chartered Bank acting as joint lead managers on the transaction Norton Rose Fulbright has advised on the first ever conventional Basel […]

Tronox Limited’s $2 Billion Acquisition Of Titanium Dioxide Business

Clifford Chance and AS&H advises leading Saudi chemicals producer Cristal on the completion of its cross border sale of titanium dioxide business to Tronox. The transaction, with an overall value of over US$2 billion in cash and share consideration involved complex restructurings in various jurisdictions Clifford Chance and Abuhimed Alsheikh Alhagbani Law Firm have advised […]

Almarai Sukuk’s $2 Billion Trust Certificate Programme

White & Case advised First Abu Dhabi Bank, HSBC, Gulf International Bank, J.P. Morgan and Standard Chartered Bank on the establishment by Almarai Sukuk Ltd. of a Reg S US$2 billion Trust Certificate Issuance Programme, and on the issuance of US$500 million Trust Certificates due 2024 thereunder. The Trust Certificates are listed on Euronext Dublin, […]

Saudi Aramco’s $ 69.1 Billion Acquisition Of Shares In SABIC

Abuhimed Alsheikh Alhagbani Law Firm (AS&H) in co-operation with Clifford Chance advised Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, on the sale of its 70% shareholding in Saudi Basic Industries Corporation (SABIC) for US$ 69.1 Billion to Saudi Aramco. SABIC, with global operations in over 50 countries and consolidated production volume across its […]

Alpha Bank’s Disposal of Mixed Pool of Non-Performing Loans and Repossessed Real Estate Assets

White & Case LLP has advised Alpha Bank A.E. on its sale to a consortium of funds managed by affiliates of Apollo Global Management and International Finance Corporation, a member of the World Bank Group, of a mixed pool of non-performing loans (NPLs) to Greek SMEs and, together with Alpha Bank’s wholly-owned group company Alpha […]

Investcorp’s Joint Venture with Aberdeen Standard Investments

Shearman & Sterling advised Investcorp on the launch of a joint venture with Aberdeen Standard Investments that will invest in infrastructure projects in Gulf Cooperation Council countries. The Firms plan to raise between $800 million and $1 billion. The new initiative will actively target greenfield and brownfield social and core essential infrastructure assets in sectors […]

Saudi Electricity Company’s SAR 15.2 Billion Murabaha Facility

Clifford Chance and Abuhimed Alsheikh Alhagbani Law Firm (AS&H) advised the financiers to Saudi Electricity Company (SEC), the Gulf’s largest utility provider and primary supplier to the Kingdom of Saudi Arabia, on their SAR15.2 billion (approx. US$4 billion) murabaha syndication facility agreement. National Commercial Bank, Al-Rajhi Banking & Investment Corporation, the Saudi British Bank, Banque […]

Abu Dhabi Commercial Bank’s $114 Billion Merger With Union National Bank

Clifford Chance is advising Union National Bank (UNB) in relation to their merger with Abu Dhabi Commercial Bank (ADCB) and their subsequent acquisition of Al Hilal Bank. This transaction will create the third largest financial institution in the UAE and the fifth largest in the GCC, with assets of AED420 billion (US$114 billion). It is […]