Hourani & Partners advised Tarboosh Games in the sale of a 51% stake to Voodoo SAS, marking one of the first multi-million-dollar acquisitions of a company based in the DIFC (Dubai International Financial Centre) Innovation Hub. Tarboosh Games is an independent games developer in the MENA region. It is founded by a group of…
Hourani & Partners advised Aliph Capital in its acquisition of The Pet Shop, the largest pet business in the United Arab Emirates from Kasamar Holdings. The acquisition of The Pet Shop marks Aliph Capital’s Fund 1’s inaugural venture. Backed by substantial financial support from prominent entities such as the Abu Dhabi Sovereign Wealth Fund…
A new Saudi Companies law has brought with it changes and innovations which, as our partner, Edoardo Betto explain, look likely to support the Kingdom’s booming venture capital market. “After two years of drafting, consultations and reviews, the Saudi Arabian Cabinet approved the new Saudi Companies Law on 4 July 2022 through Saudi Arabia…
Hourani & Partners advised Tarjama Ltd., in its 100% acquisition of Screens Group. The strategic acquisition for Tarjama paves the way for its expansion into vital media services, further solidifying its position in the media and language technology market in the region. Tarjama, based in the United Arab Emirates, is the Middle East and North…
Hourani & Partners has advised Saudi Electric Company (SEC) with their negotiations of a $566.4m export credit agency (ECA)-backed facility agreement with Standard Chartered Bank (SCB) and Sumitomo Mitsui Banking Corporation to facilitate a Saudi Arabia-Egypt electricity interconnection project. The financing, spread out over 14 years, will be funded by Swedish Export Credit Corporation…
Anas A. Akel of Hourani & Partners talks about specific Saudisation challenges and opportunities in the manufacturing sector. Saudi Arabia’s Vision 2030 aims to reduce the country’s dependency on oil and transform it into a thriving economy. A key objective of Vision 2030 is the creation of jobs and development of skills for Saudi…
Hourani & Partners has advised Kamal Osman Jamjoom Group LLC (KOJ) in the acquisition of 45 Subway branded stores from existing franchisees across the UAE. This AED 46m transaction involved the acquisition of multiple entities from different franchisees in the UAE who had formed a union and negotiated as one single block. KOJ is…
Hourani & Partners has appointed Sunita Singh-Dalal as Partner in the firm’s Dubai office, where she will lead the Private Wealth & Family Offices practice. Sunita brings extensive experience and a wealth of connections within the UAE regulatory landscape, financial advisory circles, corporate service providers, family offices, and private banks. A dedicated proponent of…
Hourani & Partners advised HyperPay, on its $36.8m investment round led by Mastercard. This landmark partnership underscores HyperPay’s strategic growth trajectory and commitment to revolutionizing digital payments in the region. The fund raised in this investment round are earmarked to enhance HyperPay’s financial services portfolio, with a focus on driving innovation and improving customer experiences…
Hourani & Partners advised ADNOC Distribution (ADNOC) in its acquisition of 15 service stations from First Mazaya Fuel Company, bringing its total to 17 stations across Saudi Arabia. The acquisition, valued at AED 36.7m ($10.2m), represents a key milestone in ADNOC’s ambitious growth strategy. ADNOC is the UAE’s largest fuel and convenience retailer, which…
Hourani & Partners has advised Lendo in relation to setting up its market-leading fintech platform in Saudi Arabia. The approval of the license by the Saudi Central Bank (SAMA) makes Lendo the first company in Saudi Arabia to be granted the license of offering debt crowdfunding for SMEs in Saudi Arabia. Lendo is a…
Zain Satardien has joined Hourani & Partners as Counsel and Head of Tax & International Trade. Zain’s arrival marks a significant milestone as Hourani & Partners continues to develop and expand its Tax & International Trade service lines. With a core expertise in WTO and international trade law, GCC tax law, and corporate regulatory…