Raghib’s experience includes advising:

• Brookfield Business Partners on its majority acquisition of Magnati, a payments processing business, from First Abu Dhabi Bank.
• Gulf Capital in relation to its acquisition of a strategic stake in Geidea Company for Technology, a leading provider of electronic payment solutions and financial technologies in Saudi Arabia.
• Tawuniya on a proposed insuretech joint venture with a leading Saudi telecom company;
• A diversified regional conglomerate in relation to the establishment of a digital banking business in Saudi Arabia.
• Depository Trust and Clearing Corporation (DTCC) with respect to the ADGM Financial Services Regulatory Authority’s Rulebooks in relation to DTCC’s acquisition of Securrency.
• A leading international financial services company in relation to regulatory aspects concerning its proposed licensing arrangements for third-party banks to issue its branded payment cards.
• OCI N.V. on the disposal of minority interests in its global methanol business to Alpha Dhabi Holding and Abu Dhabi Developmental Holding Company, and on the subsequent buy-out of those minority interests ahead of the sale of the methanol business to Methanex Corporation.
• Fertiglobe in relation to:
  • a joint venture with Scatec, Orascom Construction and the Sovereign Fund of Egypt to develop Africa’s first integrated green hydrogen plant in Ain Sokhna, Egypt.
  • a joint venture with Abu Dhabi Chemical Derivatives Company (a subsidiary of Abu Dhabi National Oil Company), Mitsui & Co and GS Energy Corporation to develop a low carbon ammonia production facility in Ruwais, Abu Dhabi.
  • a joint venture to develop an industrial scale green hydrogen facility in Ruwais, Abu Dhabi.
• Basra Oil Company in relation to its joint venture with TotalEnergies for the development of the Gas Growth Integrated Project in the Republic of Iraq.
• Johnson Controls in the sale of its Air Distribution Technologies business to Truelink Capital, including with respect to a pre-sale group restructuring involving subsidiary entities incorporated in the UAE.
• Lactalis, the world’s largest dairy company, on the acquisition of the consumer and associated businesses of Fonterra, a New Zealand dairy co-operative, including with respect to a pre-sale group restructuring involving subsidiary entities incorporated in Saudi Arabia.
• A Chinese EV manufacturer in relation to a proposed joint venture with NEOM for the manufacture of electric vehicles in Oxagon.
• A Saudi-Chinese consortium on its auction sale of a pan-GCC power generation and construction equipment rental business.
• Wafra on its top-up investment in Global Container International.
• An Abu Dhabi-based asset manager on its acquisition of a minority stake in a US-based private equity firm.
• Various UAE sovereign wealth funds in relation to:
  • a co-investment with Macquarie Asset Management in Aligned Data Centers (Aligned), and Aligned’s investments in ODATA and QScale.
  • investments in convertible bonds issued by Telegram.
  • a proposed auction sale of an aeronautical engines and components leasing business.
  • a proposed investment in a chain of kindergarten schools operating in the US.
  • co-investments with multiple private equity sponsors in clinical trials research and biotechnology companies.
  • an aborted co-investment with private equity sponsors to effect a public-to-private transaction in respect of a Swedish listed pharmaceuticals company.
  • an aborted investment in a US-based developer of battery energy storage systems.
• Hassana Investment Company (the investment arm of the General Organisation for Social Insurance, the Saudi Arabian private-sector pension fund) in relation to:
  • a healthcare joint venture with NMC Healthcare in Saudi Arabia, and on the subsequent dissolution of this joint venture following the institution of insolvency proceedings by NMC Healthcare.
  • a joint acquisition with GEMS Education of Ma’arif for Education and Training, the largest Saudi Arabian private school operator.
• The Public Investment Fund in relation to its acquisition of a significant minority equity stake in the International Company for Water & Power Projects.
• Saudi Arabian Airlines Corporation on the carve-out and privatisation of Saudi Airlines Medical Services.
• Tas’helat Marketing Company and Sahel Transport Company on the sale of a downstream fuel distribution business to a joint venture between two oil majors.
• Jada Fund of Funds and Saudi Venture Capital Company in relation to their respective fund investments with Alpha Capital to support growth-stage small and medium enterprises in Saudi Arabia’s food and beverage sector.
• HSBC Holdings in relation to the merger between the Saudi British Bank (SAB) and Alawwal Bank, in its capacity as a strategic shareholder in SAB.
• HSBC Asia Holdings in relation to its acquisition of a controlling interest in HSBC Saudi Arabia.
• J.P. Morgan Saudi Arabia in relation to its role as financial advisor to the National Commercial Bank (NCB) on its merger with Samba Financial Group, leading to the creation of the Saudi National Bank.
• NCB in relation to an aborted disposal of AlAhli Takaful Company to, and a proposed new bancassurance agreement with, Chubb Arabia Insurance Company.
• First Abu Dhabi Bank in relation to the incorporation and licensing of its Saudi Arabian investment banking unit, FAB Capital.
• A Russian financial institution in relation to the potential incorporation and licensing of a new business unit in the UAE.
• A global specialty insurer and reinsurer with respect to the Dubai Financial Services Authority’s Rulebook in relation to the acquisition of a DIFC-based insurance managing general agent.
• ZPG Group in relation to Saudi regulatory issues arising from its acquisition of Admiral Group’s insurance price comparison business.
• Goldman Sachs Saudi Arabia in relation to its application to the Saudi Stock Exchange for exchange membership.
• Various global banking groups, including Bank of America, Barclays Bank, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley, Standard Chartered, and State Street, on capital markets and M&A regulatory matters.

*This deal list includes work that Raghib completed while working at another international law firm.