Clifford Chance has advised Emirates NBD Bank on the deal.
Emirates NBD Bank sold a controlling interest in Dubai Bank P.J.S.C. to Eradah Capital LLC. Completion of the sale is expected to take place in 2021. The transaction is subject to regulatory approval by the Central Bank of the UAE.
The Clifford Chance team was led by Mohammed Al-Shukairy (Picture – Regional Managing Partner, Middle East), with support from Jack Hardman (Counsel, Dubai), Daniel Boyle (Counsel, Dubai) and Tammie Le (Associate, Dubai).
Law Firms: Clifford Chance;
Clients: Emirates NBD Bank PJSC;