Gargi Agarwal

The 2025 Healthcare Odyssey

Welcome to the first edition of Law Update for 2025. As we begin this exciting year, we are pleased to turn our attention to one of the most dynamic sectors in the UAE and the broader GCC region – healthcare. Over the past several years, the region has seen unprecedented growth in this sector, driven by legislative advancements, technological innovations, and the increasing focus on sustainability and AI. As such, healthcare is set to be one of the most important sectors in the coming decade.

In this issue, we explore key themes that are significantly shaping the future of healthcare in the UAE, such as recent changes in foreign ownership laws. These reforms present a major opportunity for foreign investors, opening up new avenues for international collaborations and improving the overall healthcare infrastructure. The changes in ownership laws are an important milestone, and we provide an analysis of what this means for the industry and the various players involved.

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Gargi Agarwal

Associate

Biography

Gargi is an Associate specialising in Banking & Finance based in our Bahrain office.

Gargi works closely with our international, regional and domestic clients advising them across the full spectrum of banking and finance matters, including trade finance, syndicated lending, Islamic finance, project finance and regulatory work. She also has extensive experience in dealing with the Central Bank of Bahrain, the Ministry of Industry and Commerce, Bahrain Bourse and Notaries (Public and Private), particularly in relation to security creation in Bahrain.

Gargi is a regular contributor to thought leadership articles and publications, including the Bahrain metro 101, digital landscape of Bahrain and introduction of electronic cheques in Bahrain and various notifications published by the Central Bank of Bahrain. She assisted with developing the Financial Law Module of the Bahrain Professional Legal Practice Course (Bahrain LPC), a pilot programme developed by the Ministry of Justice and Islamic Affairs and the judicial and legal studies bodies in Bahrain and delivered the Financial Law Module to the 2022-2023 Bahrain LPC programme.

Recent Experience

Advising Arab Banking Corporation B.S.C. (Bank ABC) as lead local counsel in relation to a financing provided to Yellow Door Energy in relation to the development of a c.30MW solar portfolio and creation security in Bahrain.
Advising Citigroup Global Markets Limited; First Abu Dhabi Bank PJSC; GIB Capital (A Single Shareholder Company); HSBC Bank plc; J.P. Morgan Securities plc; Natixis; and Mizuho International plc (the Dealers and Joint Lead Managers) in relation to matters pertaining to the laws of Bahrain in connection with regular updates of Gulf International Bank B.S.C.’s USD 2,500,000,000 Euro Medium Term Note Programme.
Acting as the lead and local counsel to GFH Financial Group B.S.C. in connection with a Murabaha financing of USD150,000,000 being provided to Esterad Investment Co. B.S.C.
Acting as the lead and local counsel to PayFii Company B.S.C. (C) in obtaining a payment service provider license from the Central Bank of Bahrain.
Acting as the local counsel for Government of Bahrain acting through the Ministry of Finance and National Economy (MOFNE) in relation to a club syndicated financing.
Acting as the lead and local counsel to Federal Bank Ltd. (India) in connection with various facilities provided to Lulu International Exchange LLC.