Latham & Watkins represented DIC, the private equity arm of Dubai Holding, in connection with the sale of Ishraq Dubai LLC (Ishraq Dubai) to Almulla Group.
Ishraq Dubai was 51% owned by DIC and 49% owned by Ishraq Gulf Real Estate Holding BSC, which in turn is majority owned by DIC. Ishraq Dubai owns four hotels in Dubai operating under the franchised Holiday Inn Express brand, located in Dubai Internet City, Al Safa, Jumeirah and at Dubai International Airport Terminal 3.
The Latham & Watkins mergers and acquisitions team was led by Dubai partner Charles Fuller and associate Will Seivewright.
