Vinson & Elkins advised Saudi Aramco Entrepreneurship Center The Law Firm of Looaye M. Al-Akkas in Association with Vinson & Elkins advised Saudi Aramco Entrepreneurship Center (Wa’ed) on its co-investment in UnitX, a KAUST artificial intelligence (AI) and supercomputing startup company and cloud-based supercomputing provider that helps enterprises deploy AI at scale. The V&E team […]
Clyde & Co has advised Mars on the acquisition of all of the shares in its subsidiary ‘onshore’ in Dubai. Prior to this transaction, Mars owned 49% of the shares in the Dubai LLC, this being the maximum percentage of permitted foreign ownership in a company incorporated ‘onshore’ in an Emirate of the UAE. This […]
Abuhimed Alsheikh Alhagbani Law Firm in cooperation with Clifford Chance advised Saudi Basic Industries Corporation on the acquisition of an additional 25% stake in, and extension of the term of, its joint venture in Saudi Methanol Company in the Kingdom of Saudi Arabia with the Japan Saudi Arabia Methanol Company Inc. SABIC purchased an additional […]
Hogan Lovells has advised ACWA Power on the project financing of the Taweelah desalination Independent Water Project in Abu Dhabi, United Arab Emirates. Financial close was achieved on 16 October 2019. The Taweelah desalination IWP will be developed on a build, own and operate (BOO) basis and have a production capacity of 200 million gallons […]
Baker McKenzie Habib Al Mulla advised Mizzen, a wholly owned subsidiary of Seddiqi Holding, on its joint venture with Gentle Monster, the South Korean curated eyewear brand, and the launch of its flagship store in the Middle East. Founded in 2017, Mizzen was established as part of Seddiqi Holding’s growth strategy to diversify beyond its […]
A Clifford Chance cross-border team has advised Baikal Mining Company on a construction contract with Renaissance Heavy Industries to build the Udokan Mining and Metallurgical Plant. The value of the contract is approximately EUR380 million. Renaissance is to build an integrated plant that will include ore-dressing, leaching and crushing facilities as well as a conveyor […]
Clifford Chance has advised the Government of the Sultanate of Oman on its return to the international debt capital markets in 2019 with a US$3 billion dual-tranche offering (US$2.25 billion 6.000 per cent. Notes due 2029 and US$750 million 4.875 per cent. Notes due 2025) under the Sultanate’s Global Medium Term Note Programme. The transaction […]
Greenberg Traurig represented Future Media in an acquisition that brought W Magazine together with Surface and Watch Journal to form Future Media Group. W is an American fashion magazine published by Condé Nast in print and online. W features stories about style through the lens of culture, fashion, art, celebrity, and film. W magazine has […]
Latham & Watkins, in cooperation with the Law Office of Salman M. Al-Sudairi in the Kingdom of Saudi Arabia, has advised the underwriters on the establishment of Saudi Aramco’s Rule 144A/Regulation S Global Medium Term Note Programme and the issuance of notes thereunder. The landmark transaction represents Saudi Aramco’s debut international bond issuance. The issuance […]
Latham & Watkins LLP advised Swvl in the transaction. Cairo-based transportation startup Swvl, Inc. (Swvl) raised US$42 million in Series D Preferred Stock financing. The round was co-led by Swedish VC Vostok Ventures and Dubai-based BECO Capital, with China’s MSA and US-based Endeavor Catalyst. Swvl is an Egypt-based mass transit system that provides buses to […]
Clifford Chance advised Baikal Mining Company on the execution of an equipment supply agreement with Outotec. The contract value was approximately EUR250 million. The Udokan copper deposit is the third largest copper deposit in the world (and the largest in Russia), with resources of more than 26 million tons of copper. The new metallurgical plant […]
Shearman & Sterling advised NMC Healthcare (NMC) on the formation of the joint venture (NMC KSA) between NMC and The General Organization for Social Insurance (GOSI) of the Kingdom of Saudi Arabia in the healthcare sector of the Kingdom. NMC KSA is being formed by GOSI’s contribution of its 38.88% stake in Tadawul-listed National Medical […]
