Corporate

• Acted for Al Ansari Financial Services PJSC in their 100% stake acquisition of the money transfer and money exchange business of BFC Group in Bahrain, Kuwait and India for USD 200 million.*
• Acted for Cognita Middle East in their majority stake acquisition in Universe Education Company, the owner of Kuwait’s renowned Dasman Bilingual Schools.*
• Acted for Sellers in the sale of 35% of their stake in Gissah Perfumes to Jadwa Investment Company. Gissah operates from more than 80 stores in 25 cities across Saudi Arabia, Kuwait, the UAE and Bahrain.*
• Represented Emaar on the merger between Emaar Properties and Emaar Malls and increasing the share capital of Emaar Properties to USD 2.2 billion.*
• Represented Emaar on the sale of 80% of its Downtown District Cooling to Tabreed for AED 2.48 billion.*
• Represented Abu Dhabi National Hotels on the acquisition of Address Downtown, Address Dubai Mall, Address Marina, Manzil Downtown and Vida Downtown for USD 598 million.*
• Represented Gulf Medical on the sale of Al Zhara Hospital in the Emirate of Sharjah for AED 2.06 billion.*
• Represented Gulf Capital on the acquisition of a substantial stake in a Dubai based auctions business platform for more than AED 350 million.*
• Represented Centurion Investment and KBBO Group on the cross-border acquisition of 100% of Cosmesurge and Emirates Hospital Group, for AED 475 million, and on its acquisition finance for AED 330 million. The target group had branches all over the UAE, Oman and Kuwait.*
• Represented a major telecommunications company and a sovereign fund on structuring the SPV that acquired 53% of an African telecommunications company, and on the AED 13.7 billion capital increase of the said SPV.*

Capital Markets

• Represented ADNOC Distribution PJSC on the initial offering and listing of its AED 4.8 billion shares on the Abu Dhabi Securities Exchange, in relation to an AED 32 billion capitalisation, the largest IPO in Abu Dhabi for more than a decade and the highest share value multiples ever in the history of the UAE’s capital markets, amounting to more than 31 multiples of the par value per share.*
• Represented Emaar Development PJSC on the initial offering and listing of its AED 3.125 billion shares on the Dubai Financial Market.*
• Represented Ithmaar Holding B.S.C. on dual listing 20% of its USD 757 million shares on Dubai Financial Market.*
• Represented a Dubai based holding company on issuing an AED 1.2 billion convertible bonds by one of its publicly listed subsidiaries.*
• Represented Union Cement Company PJSC on its conversion into a private joint stock company, delisting its shares from Abu Dhabi Exchange, redemption and squeezing-out process of minority shareholders and the sale of the majority stake of shares for approximately USD 305 million.*
• Represented United Arab Bank PJSC on their Rights Issue and Capital Increase for AED 687.5 million and therefore increasing the share capital of the company to be AED 2.063 billion.*
• Represented Gulf Navigation Holding PJSC on their Rights Issue and Capital Increase for AED 367.5 million and therefore increasing the share capital of the company to be AED 919.2 million.*
• Represented Emaar Properties on updating its USD 2 billion sukuk programme and the issuance of a total of USD 1 billion of sukuk in 2019 and 2021.*
• Represented Dana Gas, an UAE listed company, in the restructuring of a US$700 Million Sukuk, which has both a convertible and non-convertible tranche of US$ 350 Million each*.

Banking & Finance (Conventional & Sharia-Compliant)

• Represented Emaar Properties on its Islamic revolving credit facility with Dubai Islamic Bank for USD 1.5 billion.*
• Represented Emaar Malls on its Islamic revolving credit facility with Dubai Islamic Bank for USD 2 billion.*
• Represented Emaar Development on its Islamic revolving credit facility with Dubai Islamic Bank for USD 1 billion.*
• Represented Emaar Properties and Emaar Malls on its Islamic mudaraba facility with Dubai Islamic Bank and Emirates Islamic Bank for USD 500 million.*
• Represented Emaar Properties on its conventional revolving credit facility with Abu Dhabi Commercial Bank for USD 1 billion.*
• Represented Emaar Malls on its conventional revolving credit facility with Abu Dhabi Commercial Bank for USD 1 billion.*
• Represented Emaar Turkey on restructuring its secured facility with Standard Chartered Bank, HSBC and Emirates NBD for USD 500 million.*

• Represented ICT (the Borrower) in relation to the facility restructuring of approximately AED 1.5 billion from ADCB.*

  * Denotes experience prior to joining the firm.