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News

TLA advises Extravaganza on the acquisition of ROJA Parfums in the UK

Dubai, UAE, 18 September 2026 – Tribonian Law Advisors (“TLA”) has advised Extravaganza Group (“Extravaganza”), a leading UAE-based player in the luxury fragrance and beauty industry, on the acquisition of the entire issued share capital of UK-based Roja Parfums Holdings II Limited and its subsidiary, Roja Parfums Holdings Limited (collectively, “ROJA Parfums”), an internationally recognized […]

TLA advises on the sale of FMSI Group in the UAE, Oman and KSA to Shorooq and its co-investors

  Dubai, UAE, 15 September 2026 – Tribonian Law Advisors (“TLA”) has advised the founder of FMSI Group, Mr. Wasim Mourad, on the sale of FMSI Group to a group of investors led by Shorooq, the leading regional multi-strategy investment firm engineered around technology, together with co-investors including Emirates Growth Fund. Following completion, Shorooq and […]

GCC M&A Amid Geopolitical Uncertainty:What We Are Seeing So Far

The war between the United States and Iran has brought a new level of geopolitical uncertainty to the Gulf. Given the proximity of the conflict, it would have been reasonable to expect a significant pullback in M&A activity across the GCC. So far, that is not what we are seeing. At TLA, our M&A pipeline […]

TLA advises Albatha Healthcare on the acquisition of the Health First Pharmacy in the UAE

  Dubai, UAE, 17 July 2026 – Tribonian Law Advisors (“TLA”) has advised Albatha Healthcare on its acquisition of Health First Pharmacy in the UAE, previously owned by Planet Pharmacies and part of Gulf Pharmaceutical Industries (Julphar). The transaction relates to the acquisition of the retail pharmacy business operating under the “Health First Pharmacy” tradename […]

TLA advises Beehive Group Holdings Limited, an e& enterprise company, on strategic majority investment in Themar Al Aamal Commercial Company LLC

Dubai, UAE, 3 July 2026 – Tribonian Law Advisors (“TLA”) has advised Beehive Group Holdings Limited, an e& enterprise company (“Beehive”), on its strategic subscription for a majority stake in Themar Al Aamal Commercial Company LLC (“Themar”), a Saudi holding company active in the debt crowdfunding sector in the Kingdom of Saudi Arabia (“KSA”).   […]

The Illusion of Competitive Auctions in GCC M&A

More Bidders Does Not Necessarily Mean More Competition Every seller wants competition. Few sellers stop to ask whether they are creating genuine competition or simply creating a crowded process. One of the most persistent myths in M&A is that more bidders automatically lead to better outcomes. The logic appears compelling: if ten parties are interested […]

The Expectation Gap in GCC M&A: Why Deals Break Before They Begin

Across global M&A markets, expectation gaps between buyers and sellers are common. In the GCC, they are different. And they are often decisive. Many mid-market transactions in the region do not fail because of financial performance, sector outlook, or access to capital. They fail much earlier—when buyer and seller expectations prove fundamentally irreconcilable. This is […]

Founder Succession Risk: The Silent Killer of Middle-Market M&A in the GCC

Across the Gulf, M&A activity has been rising, driven by economic diversification, ambitious national strategies, and unprecedented liquidity. Yet beneath the glossy investment headlines lies a structural challenge that quietly undermines a significant share of mid-market transactions. It is rarely discussed publicly, rarely quantified in valuations, and almost never acknowledged by sellers.   That challenge […]