Dentons advises Mashreqbank and Abu Dhabi Commercial Bank on US$100 million acquisition financing for United Energy Group

Dentons advised Mashreqbank PSC, as Facility Coordinator, Initial Mandated Lead Arranger and Bookrunner, and Abu Dhabi Commercial Bank PJSC, as Initial Mandated Lead Arranger, on a US$100 million acquisition finance facility provided to United Energy Group Limited in connection with its acquisition of Apex International Energy Holdings I. The transaction completed on 14 October 2025 following satisfaction of all conditions precedent under the sale and purchase agreement. The financing supported UEG’s acquisition of a Cayman-registered entity holding multiple oil and gas concessions in Egypt’s Western Desert, an area of strategic importance and long-term potential. The financing incorporates reserve-based lending (RBL) features and forms part of UEG’s broader growth strategy to strengthen its upstream oil and gas portfolio and expand its regional footprint. RBL structures have traditionally been arranged out of the London market; their use in this transaction reflects the growing shift of complex upstream financing activity toward the Middle East and reinforces the region’s role as a key hydrocarbon hub. Dentons advised the lenders on all aspects of the facility documentation and completion process. The matter involved complex cross-border structuring and required close coordination between Dentons’ Dubai and Cairo offices over a six-month period. Dentons represented Mashreqbank PSC and Abu Dhabi Commercial Bank PJSC with a team composed by: Partner Qasim Aslam (Dubai); Senior Associates Tony Nicholson and Ben Suthers (Dubai); Associates Arif Doha and Andrew Gallagher (Dubai); and Consultant Frédérique Léger (Cairo).

Dentons advises Mashreqbank and Abu Dhabi Commercial Bank on US$100 million acquisition financing for United Energy Group

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