As we witness the evolution of the regulatory landscape across the MENA region, it was timely for us to investigate and lift the lid, on what is keeping the region’s legal decision-makers awake at night.
Our first-of-its-kind report titled Legal Leaders in MENA is out now! It captures the views of 700 legal decision-makers across nine countries and 13 industry sectors in MENA, as well as in-depth interviews with experts from key sectors such as financial services and education to name a few, which revealed the emerging risks and priorities challenging the legal sector across the region.
Read the full report and share your feedback with us at email@example.com.Read the full report
Al Tamimi’s Equity Capital Markets team has advised on a USD 4.5 million share repurchase programme for a UK plc listed on Nasdaq Dubai, one of the very few share repurchase programmes that has been carried out for a listed company since the inception of the exchange.
Al Tamimi provided legal and regulatory advice to BLME Holdings plc in relation to a share repurchase programme. The advisory role involved discussions with the DFSA and Nasdaq Dubai on the unique structure of the programme, which was required in order to enable BLME Holdings plc to complete the programme whilst complying with the applicable legal and regulatory requirements of each of the DFSA, Nasdaq Dubai and the UK Companies Act 2006 and to facilitate the programme to be carried out as an off-market repurchase rather than a tender offer.
The firm’s Equity Capital Markets team is led by partner Andrew Tarbuck, who added “The Al Tamimi ECM team is delighted to be involved once again on complex cross-border transactions involving public companies listed in the UAE. The share buy-back for our Nasdaq Dubai listed client, BLME, is a good liquidity event for their existing shareholders”.