Partner
Manama
+97317535252
Notable practitioner
Arabic
English and French
Noora has a remarkable experience in providing legal services within the banking sector and representing our banking and financial clients before the Bahraini Courts. She has a solid knowledge of banking regulations and CBB Law and providing advice to conventional banks, Islamic banks, offshore banks and other financial institutions.
Noora has been working on a range of transactions involving capital markets, mergers, acquisitions, Project Finance, Facility Agreements and also has experience in liquidation procedures, drafting legal agreements, advising on contracts, civil aviation law, commercial companies’ law and labor law.
Beside the banking experience she is also specializes in areas of corporate law, aviation, due diligence for existing companies, and corporate acquisitions. She is highly experienced in a broad range of commercial and corporate matters.
MERGERS & ACQUISITIONS:
Recent transactional highlights – HRA Team Work including Noora Janahi
Solidarity Group Holding B.S.C. (c)
Acquisition of Al Ahlia Insurance Company B.S.C. (“AAIC”) by Solidarity Group Holding B.S.C. (c) (“Solidarity”) and the merger between Solidarity’s existing subsidiary, Solidarity General Takaful B.S.C. (c) with AAIC
Solidarity acquired AAIC and converted AAIC from its current conventional nature to a Takaful company offering full range of sharia compliant insurance products. Subsequent to such conversion, Solidarity merged its subsidiary Solidarity General Takaful B.S.C. (c) with AAIC. Such a merger is took place through the transfer of business, assets and liabilities as an ongoing concern from Solidarity General Takaful B.S.C. (c) to AAIC against issuance of ordinary shares in AAIC to the shareholders of Solidarity General Takaful B.S.C. (c) at a determined swap ratio.
This deal involved application of Central Banks rules and regulation to a company which is not a Central Bank licensee. This deal had three distinct features (1) acquisition; (2) conversion; and (3) merger, which to the best of our knowledge never happened in the Insurance sector in Bahrain.
NOORA CURRENTLY: