White & Case Advises on ENBD REIT IPO
Global law firm White & Case LLP has advised Emirates NBD Capital Limited as listing advisor, and EFG-Hermes UAE Limited and Emirates NBD Capital Limited as joint global coordinators and joint bookrunners, on the initial public offering of shares of ENBD REIT (CEIC) Limited (ENBD REIT) and its listing on Nasdaq Dubai, including a primary offering of 94,594,595 new shares at an offer price of US$1.11 per share.
ENBD REIT is a Shari'a compliant real estate investment trust established in the Dubai International Financial Centre and managed by Emirates NBD Asset Management Limited.
"We advised our clients on an important transaction – only the second publicly-listed REIT in the United Arab Emirates and the first IPO in the UAE to close successfully in nearly two years" said Dubai-based White & Case local partner Ali Shaikley, who co-led the Firm's deal team.
White & Case is the leading law firm in EMEA for equity capital markets transactions by volume, according to Bloomberg, having advised on 129 deals between 2014 and 2016.
The White & Case team which advised on the transaction was co-led by partner Abdulwahid Alulama and local partner Ali Shaikley (both Dubai) with support from associates Chris Beaumont-McQuillan (Abu Dhabi), Mohamed Hasan (Dubai) and Lewis Calder (London).
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