Capital Markets
Our Capital Markets team is the most active capital markets team in the UAE, having led almost all t...
2025 – IPOs & Capital Markets Transactions
Experience
ALEC IPO
Led ALEC Holding IPO on DFM, being the largest construction IPO in 15 years
Dubai Residential IPO
Led Dubai Residential REIT, the first REIT in Dubai after applying the new REIT’s rules
Restructuring Union Properties PJSC
Led the restructuring of Union Properties PJSC applying certain provisions of the CCL for the first time in the UAE
Gulf Navigation reverse merger
Lead the share issuance of Gulf Navigation of 358 million shares and listing the same of DFM
Gulf Navigation Bond Issue
Lead the mandatory convertible bonds of Gulf Navigation PJSC of AED 500 million
ADCB Rights Issue
Led the rights issue of Abu Dhabi Commercial Bank of AED 6.1 billion, being on the largest rights issue in the banking sector in Abu Dhabi
Private Placement Bond Issue for Gulf Navigation
Represented Gulf Navigation of the issuance of bonds to Brooge Group of AED2,336,448,155
Dubizzle IPO
Led the IPO of Dubizzle Group on their potential IPO on DFM
2024 – IPOs & Capital Markets Transactions
Experience
Spinneys IPO
Led Spinneys IPO on DFM, being the first DIFC business to go public
Alef Education IPO
Led Alef Education Plc IPO on ADX, being the first educational-tech company to list in the UAE
Drake and Scull Capital Restructuring
Led the restructuring of Drake and Scull and leading the rights issue to be re-traded on DFM
TC MENA MTO
Represent TC MENA launching an MTO on one of the publicly listed companies on ADX
Lulu IPO
Represented Lulu Hypermarkets on their IPO and listing on ADX, the largest IPO in the UAE in 2024
Talabat IPO
Led the IPO of Talabat, the first technology company to list in the UAE through an innovative structure to list on DFM
NMDC IPO
Represented the underwriters in the IPO of NMDC on their IPO and listing on ADX
ADNH IPO
Led the IPO of ADNH Catering on their IPO and listing on ADX representing the issuer and ADNH as Selling Shareholder
2023 – IPOs & Capital Markets Transactions
Experience
Al Ansari Exchange IPO
Led Al Ansari Exchange IPO on DFM, being the first family business to go public and being regulated by the UAE Central Bank
ADNOC L&S IPO
Led the ADNOC L&S on ADX, a free zone (ADGM) company to list on ADX
Dubai Taxi IPO
Led Taxi Dubai IPO to list on DFM representing the Government of Dubai
Investcorp IPO
Led the IPO of Investcorp to list on ADX through an ADGM holding company
Phoenix IPO
Represented the underwrites in Phoenix IPO on ADX
Capital Restructuring of Gulf Navigation
Led the capital restructuring of Gulf Navigation by way of capital reduction and the issuance of mandatory convertible bonds
Ajman Bank Rights Issue
Led the rights issue of Ajman Bank to list on DFM
Purehealth IPO
Represented the underwrites in Purehealth IPO on ADX
2022 – IPOs & Capital Markets Transactions
Experience
DEWA IPO
Led DEWA IPO on DFM, being the largest IPO in the Middle East and the first Dubai Government IPO in the privatization program
Burjeel Holdings IPO
Led the Burjeel Holdings IPO on ADX, a free zone (ADGM) company to list on ADX
TECOM IPO
Led TECOM IPO on DFM, the second Dubai Government IPO in the privatization program
Empower IPO
Led Empower IPO on DFM, the third Dubai Government IPO in the privatization program
Emaar And Dubai Holding Transactional Counsel
Acted as Transactional Counsel representing Emaar Properties PJSC in their USD 2 billion acquisition of a property company owned by Dubai Holding
Americana IPO
Led the IPO of Americana Resultants, the operator of KFC, Pizza Hut, Krispy Crème, Hardees. This is first ever concurrent offering in the UAE and KSA
Taaleem IPO
Led the IPO of Taaleem Holding, the second largest educational platform in the UAE to list on DFM on November 2022
2021 – IPOs & Capital Markets Transactions
Experience
ADNOC Drilling IPO
Led the ADNOC Drilling IPO on ADX, being the largest IPO ever happened in the history of ADX
Fertiglobe IPO
Led Fertiglobe IPO on ADX, being the first IPO of a free zone (ADGM) company to list on ADX
ADNOC Distribution Exchangeable Bonds
Part of the advisory team worked on the raise of USD 1.64 Billion through successful combined offering of ADNOC Distribution Shares and Issuance of Exchangeable Bonds by ADNOC
MERAAS Holding MTO:
Acted as lead counsel representing MERAAS Holding in respect of the first ever MTO and exercise of squeeze out right to acquire 100% of DXBE PJSC on DFM
Merger f Emaar Malls and Emaar Properties
Acted as lead counsel representing EMAAR Malls in respect of the merger between EMAAR Malls and Properties as one of the largest merger in the Emirate of Dubai
Tristar IPO
Led the IPO of Tristar, one of the largest regional logistics companies in an IPO planned to list on DFM
IHC Listings
Acted as lead counsel representing IHC PJSC in respect of the listing of ESG PSC on ADX applying innovative structures to create more value to shareholders
