The Carrefour Group recently announced the sale of its 25% stake in Majid Al Futtaim Hypermarkets for €530 million to its regional partner, Majid Al Futtaim Holding.

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Clifford Chance, in cooperation with Al-Jadaan & Partners Law Firm, is advising Savola Group (Savola) on its acquisition of shares in Savola Foods Company (SFC) and Azizia Panda United Company (APU) from Al Muhaidib Holding Company (Al Muhaidib).

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A Dubai-based team of lawyers from global law firm K&L Gates LLP has advised Jordan’s Rassam family on the sale of a significant minority interest in Al Nabil Food Industries Limited Company (“Nabil Foods”) to global alternative asset manager, The Carlyle Group (NASDAQ:CG). The transaction closed on May 13, 2013, and is the first significant investment by an international private equity house into Jordan.

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Clifford Chance advised The Carlyle Group on their strategic investment in Al-Nabil Food Industries Co. Ltd., a frozen and chilled food products company in Jordan. The transaction closed on May 13, 2013.

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International law firm Clyde & Co is pleased to announce the lateral appointments of Rhys Lewis and Ross Barfoot as partners in its MENA corporate group, bringing regional corporate partner numbers to 12 and total regional partner numbers to 36.

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Clyde & Co is pleased to announce the appointment of Sidanth Rajagopal as a partner in the firm’s MENA aviation practice.

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Hogan Lovells has advised Mashreqbank and a syndicate of Islamic and conventional banks, on an AED2bn (US$545m) Islamic and conventional facility made available to GEMS Education, one of the UAE’s leading education providers.

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Hogan Lovells’ Dubai office has advised YSL on the acquisition of a stake in its Gulf business through a joint venture with Al Tayer Group, one of Dubai’s leading business groups.

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Latham & Watkins acted for the Managers and the Delegate on Saudi Electricity Company’s (SEC) issuance of US$1 billion Sukuk Certificates due 2023 and US$1 billion Sukuk Certificates due 2043. The transaction represents the first international 30 year Sukuk issuance by any issuer.

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Leading global law firm Baker & McKenzie is pleased to announce that Habib Al Mulla, one of the most respected and well-established law firms in the United Arab Emirates (UAE), will merge with the Firm, effective 1 July.

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