Latham & Watkins advised the underwriters, Samba Capital, Saudi Fransi Capital, AlJazira Capital and Saudi Hollandi Capital, in connection with the IPO of Al Tayyar Travel Group, a Saudi established travel services company. The transaction, which was five times oversubscribed, comprised an offer of 24,000,000,000 ordinary shares representing 30% of Al Tayyar Travel Group’s share capital to both institutional and retail investors in the Kingdom and is the largest IPO in Saudi Arabia so far this year.

More >>

Chadbourne & Parke represented the Sponsors, Suez Environnement S.A.S., Infilco Degremont, Inc and The Morganti Group, Inc, on all aspects of the US$225 million expansion of As-Samra Wastewater Treatment Plant in Jordan.

More >>

Latham & Watkins represented the joint lead managers in the State of Qatar’s recent sovereign Sukuk. The US$4 billion offering, which was more than six times oversubscribed, included a record low profit rate of 2.1% for a five-year tranche and 3.24% for a 10-year tranche. The sale is also the largest US dollar-denominated Sukuk issuance to date.

More >>

Clyde & Co is delighted to welcome Rebecca Ford as a partner in the firm’s employment and incentives group in the Middle East. Rebecca joins partner Sara Khoja to form the only two partner practice in the region.

More >>

SNR Denton advised USG Corporation (USG), the Chicago based manufacturer of building materials, on their partnership with Oman based Zawawi Minerals.

More >>

A Middle East and London team from international legal practice Norton Rose Group has advised the sponsors TAV Havalimanlari Holding A.S, Saudi Oger Limited and Al Rajhi Holdings (the TIBAH Consortium) on the financing and construction of the US$1.2 billion expansion of Madinah Airport in the Kingdom of Saudi Arabia. This is the first full PPP (Public Private Partnership) project in Saudi Arabia and one of the largest infrastructure projects in the Middle East in 2012.

More >>

SNR Denton advised Saffar Holdings Limited (Saffar), the Middle East and North Africa (MENA) focussed financial services and investment group on the sale of Zawya Limited (Zawya), the leading MENA online business intelligence platform to Thomson Reuters, the worlds foremost provider of information for businesses and professionals.

More >>

The Dubai office of International law firm Clyde & Co LLP has advised Thomson Reuters on its acquisition of Zawya Limited (Zawya).

More >>

International legal practice Norton Rose Group has advised the Islamic Development Bank (IsDB) on the update of its US$6.5 billion Sukuk programme. A team from Dubai and London advised on updating the Trust Certificate Issuance Programme and a first drawdown under the updated programme. This included an issuance of US$800 million 1.357 per cent Trust Certificates due in 2019.

More >>

DLA Piper today announces its involvement in the financing of Doha Festival City, one of the largest multi-use developments in Qatar with a total project value of around 6 billion Qatari Riyals (QAR). The project is being developed by its owners, Bawabat Al Shamal Real Estate Company WLL (BASREC), and as a ‘super-regional retail and entertainment destination’ boasts the first IKEA store in Qatar, and will feature an entertainment and leisure complex, automotive showrooms and international hotels and convention centre.

More >>