Cleary Gottlieb Wins Two IFLR Middle East Awards 2021 Deals of the Year
November 1, 2021
Cleary Gottlieb won Domestic Deal of the Year and Equity Deal of the Year at the IFLR Middle East Awards 2021.
- Domestic Deal of the Year (National Commerce Bank – Samba Merger): Cleary advised Samba on the antitrust aspects of its merger with National Commerce Bank, which demanded a host of regulatory approvals and raised extensive international antitrust issues. The resulting entity, Saudi National Bank, is now Saudi Arabia’s biggest lender.
- Equity Deal of the Year (Yalla Group’s IPO): Cleary represented the underwriters in Yalla Group’s IPO, which priced on September 29, 2020, and closed on October 2, 2020. Headquartered in the United Arab Emirates, with operating subsidiaries in the UAE and China, Yalla Group is a leading voice-centric social networking and entertainment platform in MENA.
The IFLR Middle East Awards celebrate the most innovative cross-border work from across the region each year. Winners are selected following months of research, interviews, analysis, and deliberation by the IFLR editorial team.
Learn more about the awards here.