Abu Dhabi, UAE: The 2nd Annual Financial Restructuring MENA Conference concluded with insights and strategic discussions devoted to navigating systemic challenges and discussed future trends that will shape MENA’s corporate restructuring landscape. On the second day, engaging presentations and lively panel discussions created a dynamic environment for knowledge exchange with invaluable insights shared by prominent stakeholders from MENA and international markets. The conference began with a presentation by H.E. Omer Saif Ghobash, Advisor to the Minister of Foreign Affairs who provided an overview of the strengths and weaknesses in the current state of play and delved into the gaps and discontinuities … Continue reading Key Reflections from the 2nd Annual Financial Restructuring MENA Conference

Abu Dhabi, UAE – As the 2nd Annual Financial Restructuring MENA Conference kicked off at the Abu Dhabi Global Market (ADGM) building, industry leaders explored strategies for navigating the region’s evolving financial landscape, addressing rising corporate insolvencies. The conference kickstarted with keynote address by Hamad Sayeh Al Mazrouei, Chief Executive Officer of the Registration Authority at the Abu Dhabi Global Market. He emphasized on Abu Dhabi’s pivotal role in unlocking the potential of the financial restructuring sector, stating, “Abu Dhabi is at the forefront of fostering a robust environment for financial restructuring. Through strategic initiatives and partnerships, we are empowering … Continue reading Unlocking Financial Potential: Insights from the opening of the 2nd Annual Financial Restructuring MENA Conference

EFG Hermes, EFG Holding’s Investment Bank, the leading investment bank in Frontier and Emerging Markets (FEM), announced today that its Investment Banking division successfully concluded advisory on a merger and acquisition (M&A) deal for Kazyon, a prominent MENA-based discount retailer. In this transaction, Kazyon successfully acquired a 50% stake in Dukan, the sole discount retailer in Saudi Arabia, signaling its strategic entry into the Saudi market. Al Dabbagh Group, the existing shareholder of Dukan, will retain the remaining 50% stake in the company. EFG Hermes advised Kazyon on the acquisition of Dukan with White and Case acting as legal counsel. Commenting on the transaction, Karim … Continue reading EFG Hermes Concludes Advisory on MENA-Based Discount Retailer Kazyon’s Acquisition of a 50% Stake in Dukan in Saudi Arabia