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

UAE – January 24, 2026

Drag-Along and Tag-Along Rights for UAE Mainland Companies: What Has Changed and Why It Matters

The UAE has continued its steady programme of corporate law reform aimed at improving the attractiveness and competitiveness of its business and investment environment. A key development in this trajectory is Federal Decree-Law No. 20 of 2025, which amends certain provisions of Federal Decree-Law No. 32 of 2021 on Commercial Companies (the “Commercial Companies Law”). Among other reforms, the 2025 amendments introduce express recognition of drag-along and tag-along rights, mechanisms...
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UAE – January 14, 2026

Price Stabilisation in UAE Capital Markets: From Regulatory Ambiguity to Statutory Certainty

Price Stabilisation in UAE Capital Markets: From Regulatory Ambiguity to Statutory Certainty Over the past more than five years, price stabilisation has occupied an uneasy space at the intersection of market integrity, investor protection, and practical capital-markets execution. Universally recognised as a necessary tool to support orderly trading following equity offerings, stabilisation has nevertheless often operated under a cloud of legal ambiguity, particularly in jurisdictions where ...
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UAE – December 11, 2025

UAE Companies Law Amendments: A Structural Reset of Corporate Law, Capital Access and Ownership Architecture

A new era for corporate structuring, investment and governance in the UAE The UAE has implemented a series of transformative amendments to the Commercial Companies Law, fundamentally reshaping how companies are formed, financed, governed and exited. These changes move UAE company law away from rigid formality and into a more modern, commercially fluent, and investor-aligned regime. What emerges is not incremental reform, but a functional overhaul of how capital, control and purpose are now leg...
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UAE – December 03, 2025

UAE Companies Law Overhaul: Aligning to Global Standards

On 1 October 2025, the UAE issued Federal Decree-Law No. 20 of 2025, introducing significant amendments to the mainland Commercial Companies Law (CCL). These amendments will take effect on 1 January 2026, with companies granted a six-month transition period to update constitutional documents and governance frameworks. Full compliance is expected by 30 June 2026. These changes aim to strengthen the UAE’s position as an attractive and competitive jurisdiction for both domestic and foreign in...
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UAE – November 03, 2025

SCA Extends the ICFR Transition — and Raises the Bar

SCA Extends the ICFR Transition — and Raises the Bar The SCA’s latest circular represents the most significant policy update since the introduction of mandatory Internal Control over Financial Reporting (ICFR) requirements earlier this year. While the ICFR framework had already reshaped governance expectations for UAE listed companies, this new circular broadens its scope, introducing an integrated Internal Control and Risk Management Framework that will gradually become a cornerst...
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Range of our services

We provide advice to both domestic and foreign businesses on a wide range of contentious and non-contentious corporate and commercial matters. This includes capital markets, mergers and acquisitions, joint ventures, private equity, banking and finance, employment, real estate, corporate structuring, legal due diligence, distributions, franchising, and other commercial arrangements.

Practice areas

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As a leading law firm in Dubai, we specialize in providing comprehensive tax solutions to our client...

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Through our UAE offices and our strategic partnerships throughout the region, we advise on North Africa and GCC jurisdictions.

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News & updates

Updates to DMCC Rules and Regulations

The Dubai Multi Commodities Centre («DMCC») has introduced significant updates to its rules and regulations, which came into effect on 10 October 2024. The changes aim to enhance the flex...
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Internship rules under UAE Labour law

As the summer is rapidly approaching many companies and students will be engaging in internships. Here are some guidelines to make sure companies and interns comply with Labour Law when it comes to in...
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UAE Merger Control Update

In a significant overhaul of its competition framework, the United Arab Emirates unveiled the Federal Decree-Law No. 36 of 2023 on the Regulation of Competition on December 29, 2023, marking a pivotal...
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IPO trends in the UAE

??In recent years, the United Arab Emirates (UAE) has emerged as a hub for Initial Public Offerings (IPOs) in the Middle East. With a rapidly growing economy and supportive government policies, the co...
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Privacy and protection: data in the ADGM

??The Abu Dhabi Global Market ("ADGM") continues to put its mark on the United Arab Emirates ("UAE") with its unique combination of English and UAE laws and the data protection system is no different....
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Privacy and protection: data in mainland UAE

??Whilst no one (other than our Data Protection team) really enjoys talking about data protection, it is an increasingly important topic and one which the regulators within the United Arab Emirates ("...
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The cessation of libor by the end of 2021

??As announced by the UK Financial Conduct Authority (“FCA”), the London Interbank Offered Rate (“LIBOR”) shall discontinue to exist, with certain panel banks withdrawing from the benchmark. This anno...
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