Our first edition of 2022 focuses on Healthcare and Life Sciences. It is a sector that will once again have the spotlight on it this year as we continue to tackle COVID-19 and its subsequent variants. While the pandemic continues to challenge the sector, governments across the region forge ahead with their plans to expand and upgrade healthcare systems and develop robust world-class healthcare infrastructure.
For the region, healthcare is a vital pillar in diversifying its economies, both locally and as medical tourism hubs. To underpin this, healthcare authorities across the region continue to implement frameworks and regulations that provide structure and accountability.
In this edition, you have unique access to great insights and expert commentary on a number of pertinent healthcare regulatory developments. You will find a topical mix of articles; for example, our lawyers discuss vaccines and returning to work during the pandemic. They take you through several other areas, including stem cell research in Bahrain, clinical research laws in Egypt, and Saudi medical device and pharmaceutical laws.Take a read of the edition
Al Tamimi & Company (Al Tamimi) advised Yalla Group Limited (Yalla) on its initial public offering (IPO) of American Depositary Shares (ADSs) on the New York Stock Exchange (NYSE) – the first UAE-based technology company to do so.
Yalla is the largest voice-centric social networking and entertainment platform in MENA by revenue and has users across the Middle East including the UAE, the Kingdom of Saudi Arabia, Kuwait and Qatar. Yalla operates the popular entertainment community and online chatting applications “Yalla” and “Yalla Ludo”, a game application allowing users to play online Ludo and Dominoes games.
Al Tamimi Partner and Head of Capital Markets, Andrew Tarbuck, commented: “We are delighted to be an integral part of the deal team to successfully conclude this US IPO despite challenging market conditions. It is great to see a truly global IPO involving a UAE based technology company predominantly operating in the Middle East with Asian founders listing on the NYSE. This is also a key marker in the development of the UAE’s digital economy.”
Al Tamimi represented the issuer in respect of the laws of the UAE, Qatar, Kuwait and KSA in the IPO. The team was led by Partner & Head of Capital Markets, Andrew Tarbuck, with support from Senior Associate, Anna Robinson. Advice was also provided on regulatory and licensing matters by Partners Nick O’Connell, Philip Kotsis, Frank Lucente and Senior Counsel, Andrew Fawcett. Al Tamimi worked closely with Simpson Thacher & Bartlett as US counsel to Yalla.