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 […]
Clifford Chance and Abuhimed Alsheikh Alhagbani Law Firm advised Saudi Telecom Company (STC) in relation to the establishment of its US$5 billion sukuk programme and its debut international capital markets issuance of US$1.25 billion 10-year fixed rate trust certificate by STC Sukuk Company Limited (the Certificates). STC is the leading telecommunications operator in Saudi Arabia […]
Ashurst has advised a consortium of lenders consisting of MUFG, SMBC, Samba Financial Group, Crédit Agricole Corporate and Investment Bank, The National Commercial Bank and The Norinchukin Bank on the successful closing of the Shuqaiq 3 IWP for a total value of more than 600 million dollars. The 450,000 cm/d independent water project in Saudi […]
International law firms Trowers & Hamlins, and Thouvenin Rechtsanwälte acted as legal counsel for Twenty14 Holdings with ADB as their Swiss tax counsel. Twenty14 Holdings (T14H), the hospitality investment arm of Abu Dhabi-based LuLu Group International, has entered into a forward purchase contract with Swiss real estate developer Necron AG for the upcoming IntercityHotel Zurich […]
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 […]
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 […]
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, […]
White & Case advised Goldman Sachs on its primary and secondary minority investment in Modanisa Elektronik Mağazacılık ve Ticaret Anonim Şirketi (Modanisa), the Turkey-based online retailer of modest fashion for women in the Muslim world. White & Case partner Marcus Booth, who co-led the Firm’s cross-border and cross-practice deal team, said: “White & Case has […]
White & Case advised the Saudi Real Estate Refinance Company (SRC) on the establishment of its inaugural domestic SAR 11 billion Sukuk Issuance Programme, and the issuance thereunder of SAR 750 million across four Series. The transaction has been recognized by Islamic Finance News as ‘Real Estate Deal of the Year’ and ‘Saudi Arabia Deal […]
