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Transport, Energy & Revolving Synergy
The final Law Update of 2022 is here, and it’s packed full of articles. The double edition features two focus areas, first is a spotlight on Energy and Resources and second we feature a collection of articles on Transport and Logistics. The developments occurring in these sectors in the MENA region are unprecedented and our lawyers cover vast themes for you.
The Energy and Resources focus features topics such as diversifying energy resources, solar PV, mining in the Middle East, renewable energy and green hydrogen. From a transport perspective, we draw attention to the Bahrain metro project, discuss the challenges and remedies associated with the repossession of an aircraft, and there is advice on what to consider should a party vary the terms of a shipping contract.
This edition navigates you through updates from across jurisdictions such as, Oman, Jordan, Saudi Arabia, Egypt, Iraq, Qatar, and the UAE. Each article is timely and provides insights into legal issues and cases that are affecting these sectors across the region.
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A complete spectrum of legal services across jurisdictions in the Middle East & North Africa.
Law firm advises on Salik IPO
Al Tamimi & Company is proud to announce that it is advising Salik, Dubai’s exclusive toll gate operator, on its landmark initial public offering (“IPO”) and listing on the Dubai Financial Market (“DFM”). The offer for sale of 1.5 billion shares in Salik by Salik’s sole shareholder, the Government of Dubai, acting through the Department of Finance, commenced today with listing on the DFM due on 29 September 2022.
Commenting on the Salik IPO, Andrew Tarbuck, Head of Capital Markets at Al Tamimi & Company said:
“We are delighted to be advising Salik on this bumper IPO and to be a part of the wider privatization project of the Government of Dubai.
“This IPO was particularly challenging given that Salik, historically a business unit of the RTA since 2007, needed to be established as a stand-alone corporate entity in readiness for an IPO. This required close liaison with all relevant stakeholders including the Government of Dubai, The Dubai Executive Council, the Supreme Legislative Council and, of course, the RTA.”
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