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IN’P IBRAHIM .N. PARTNERSis pleased to announce its role as structuring and regulatory counsel as buyside counsel in the successful execution of a landmark acquisition transaction involving the sale of Brooge’s key operating assets and subsidiaries to Gulf Navigation Holding PJSC (DFM: GULFNAV).

The transaction, valued at AED 3.2 billion (approximately USD 871 million), includes the acquisition of Brooge Petroleum and Gas Investment Company FZE and Brooge Petroleum and Gas Investment Company Phase III FZE, both of which represent critical infrastructure in the UAE’s oil and gas logistics and storage sector.

This transaction is not only one of the largest strategic acquisitions in the UAE this year, but also marks a historic legal milestone: it is the first acquisition transaction ever to be structured under Article 299 of the UAE Commercial Companies Law, a newly introduced provision that had never been applied in practice until now.

“Delivering this transaction required a creative and regulatory-first mindset,” said Ahmed Ibrahim, Managing Partner of IBRAHIM .N. PARTNERS. “We are proud to have led the legal and structural design of this pioneering deal, which not only unlocked the potential of Article 299 but also demonstrated the UAE’s legal system can accommodate sophisticated, high-value public M&A activity with innovation and rigor.”

The deal further reinforces the UAE’s position as a maturing capital markets hub and reflects the strategic growth ambitions of both Brooge and Gulf Navigation.

IN’P’s role encompassed the design of the acquisition structure, legal implementation under the new Companies Law, regulatory strategy with the Securities and Commodities Authority (SCA), and full execution oversight.

This transaction builds on IBRAHIM .N. PARTNERS’ exceptional track record of delivering first-of-their-kind transactions across the UAE’s capital markets and M&A landscape.

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About IBRAHIM .N. PARTNERS

IN’P IBRAHIM .N. PARTNERS is an independent MENA-region law firm based in the ADGM, Abu Dhabi, led by our Managing Partner, Ahmed Ibrahim, and is comprised of a team of lawyers that are experts in advising on all aspects of UAE law. We are the most active law firm in the GCC in equity capital markets. Furthermore, we advise both local and international companies on a full range of issues from contentious and non-contentious corporate and commercial matters, including major project work, establishing, and conducting business across the Emirates, joint ventures, mergers and acquisitions, equity capital market, legal due diligence, employment matters, property, structuring, distributions and franchise arrangements