ENERGY-

NMDC Energy expands footprint with Taiwan, Shanghai offices…: The ADX-listed EPC unit of National Marine Dredging Company, NMDC Energy, opened a commercial office in Shanghai and a branch in Taiwan, according to an ADX disclosure (pdf). The firm is looking to tap into Southeast Asian markets, move closer to key project locations, improve supply chain reliability, and strengthen vendor relations.

… + partners with Chinese heavyweight: NMDC Energy inked an MoU with Citic Steel, China’s second-largest steel producer, in a bid to boost its supply chain for major projects.

MOBILITY-

Easy Lease enters Malaysia to support AI-driven aerospace hub: ADX-listed mobility solutions outfit Easy Lease expanded to the Malaysian market after signing an MoU with US-based AI and data analytics company BigBear.ai, Malaysia’s Pahang Aerospace City (PAC), and UAE-based Vigilix Technology Investment, according to an ADX disclosure (pdf). The partnership aims to use AI to boost Malaysia’s infrastructure, security, and logistics sectors.

Under the partnership, Easy Lease will provide smart mobility expertise and AI-based insights to support PAC, which is slated for a new international airport, integrated zones, a spaceport, and an MRO cluster.

PRIVATE EQUITY-

ADGM-based private equity (PE) firm IM Mamlouk & Co received regulatory approval to manage PE collective investment funds, according to a press release. Founded by former JPMorgan banker and PIF investor Issam Al Mamlouk (LinkedIn), the firm plans to invest in mid-market companies across the GCC and wider MENA region. It will target businesses with enterprise values up to USD 250 mn, pursuing private equity and special-situation agreements with a focus on operational restructuring and growth.

DEBT-

Saudi’s ICD lists USD 500 mn sukuk on Nasdaq Dubai: Saudi Arabia’s Islamic Corporation for the Development of the Private Sector (ICD) listed USD 500 mn in five-year senior Reg S unsecured sukuk on Nasdaq Dubai, priced at 65 bps over US Treasuries with a 4.391% coupon rate, according to a statement. The notes, which mature in 2030, attracted more than USD 2 bn in orders (excluding joint lead manager interest) and carries ratings of A2 from Moody’s, A from S&P, and A+ from Fitch.

ICD’s footprint grows: The transaction lifts ICD’s outstanding sukuk listings on Nasdaq Dubai to USD 1 bn, marking its fourth issuance on the exchange after listings in 2016, 2020, and 2024.

ADVISORS- Joint lead managers and bookrunners included our friends at HSBC, Dubai Islamic Bank, Sharjah Islamic Bank, Al Rayan Investment, Bank ABC, GIB Capital, KFH Capital, JPMorgan, Standard Chartered Bank, and Warba Bank.

Invictus Investment secures new financing from MCB: Ghitha’s ADX-listed agrifood subsidiary Invictus Investment obtained a financing package from Mauritius Commercial Bank (MCB) to support its expansion across African agrifood markets, according to an ADX disclosure (pdf). The facility includes acquisition financing and a revolving credit line to fund new market entries and strengthen working capital. The size of the package was not disclosed.

The game plan: The facility will support growth in processing, logistics, and distribution, with Invictus targeting majority stakes in USD 200-300 mn companies as it builds out its integrated agrofood platform.

REMEMBER- Invictus has been on an expansion drive: The company acquired Mozambique’s Merec Industries, a 60% stake in Morocco’s Graderco, and signed an agreement to buy 65.25% of Angola-based fertilizer blender Angata Limitada this year. It also entered 10 new markets in 1H — including Iraq, Lithuania, Ghana, Madagascar, and Zimbabwe — bringing its footprint to 65 countries, and is targeting AED 25 bn in revenues by 2028.

MANUFACTURING-

Mark Cables Power Solutions Abu Dhabi — a joint venture between Platinum Group and Mark Cables — secured the supply of 35k tonnes of aluminum a year from Emirates Global Aluminium under a non-binding agreement, to be used for its 36k-tonnes-per-year aluminum rod plant in Khalifa Economic Zone Abu Dhabi (Kezad), according to a statement. The facility, which will be located near EGA’s Al Taweelah smelter in Kezad’s Aluminum Valley, will supply Mark Cables’ plants in Dubai and Angola, as well as customers in the UAE, Africa, and Europe.

REAL ESTATE-

Pantheon Development breaks ground on AED 800 mn mixed-use project in JVT: UAE-based real estate developer Pantheon Development started construction on Voxa, an AED 800 mn, 29-story mixed-use project in Jumeirah Village Triangle (JVT), according to a press release. The 450k sq ft development will house 70k sq ft of commercial space, 20k sq ft of retail, and 360k sq ft of residential units — with completion scheduled for 3Q 2028. It marks the developer’s first branded mixed-use project.

REMEMBER- Pantheon is ramping up its UAE expansion: Earlier this month, the developer signed an MoU with India’s NBCC to develop residential, hospitality, and mixed-use projects across the UAE, supporting Pantheon’s AED 3 bn expansion pipeline in Dubai and Ras Al Khaimah.

HOSPITALITY-

Arthouse launches branded residence in Dubai’s Arjan district: Arthouse Hotel NYC is developing a AED 550 mn Arthouse Hills residential project in Arjan, Dubai, marking its second branded residential tower in the UAE, according to a press release. Adaan Developments is the developer for the project, while Cledor will be a development partner.

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