Maples Awarded for Groundbreaking Deal at IFLR Middle East Awards

Maples and Calder, the Maples Group’s law firm was part of the team who received the award for Debt and Equity Linked Deal of the Year.

The deal which was described as a ‘first-its-kind’ was in relation to NMC Healthcare’s sukuk and represents the first public capital markets transaction from a healthcare provider in the MENA region and the first USD denominated sukuk by a healthcare provider globally. NMC Healthcare is the largest private healthcare company in the UAE and ranks amongst the top three fertility service providers in the world.

A team based in the Group’s law firm in Dubai provided Cayman Islands counsel to NMC Healthcare and was led by partner Manuela Belmontes, assisted by associate, Gurminder Sanghera.

Tahir Jawed, Managing Partner of the Group’s law firm in Dubai, said: “We are delighted to accept this prestigious award which is testament to our commitment to continuously support our clients with new and innovative solutions.”

Maples and Calder advised on a total of 7 deals which were nominated for this year’s awards, including 4 out of the 7 deals in contention for the Debt and Equity Linked Deal of the Year, a further acknowledgement to its standing in the region as a top tier law firm.