Abu Dhabi National Oil Company for Distribution (“ADNOC Distribution”), the UAE’s largest fuel and retail distributor, has officially entered the Egyptian market after completing the acquisition of a 50% stake in TotalEnergies Marketing Egypt from TotalEnergies Marketing Afrique. This landmark transaction was first announced in July 2022 and is expected to uplift ADNOC Distribution’s EBITDA from year […]
Deal & transactions
Egypt
Real Estate, Construction & Infrastructure
ALC: Palm Hills Developments closes EGP 638 mn securitization
Palm Hills Developments a real estate developer in Egypt and EFG Hermes, an investment bank franchise in Frontier and Emerging Markets (FEM), jointly successfully closed an EGP 638 million (approx. USD 20.9 million) securitized bond. The issuance’
Sue Ellen Hassouna (pictured) has recently appointed by Lafarge Cement as its Chief Legal Officer. Hassouna brings with her more than 15 years of experience in the legal profession in Egypt. Prior to her appointment, she
Shalakany has successfully defended its client, a major regional real estate developer in Egypt and the Middle East, in an ICC Arbitration case filed against the client. The dispute stemmed from four construction contracts related
Egypt-based law firm Jurisera, has promoted associate Alia Omran (pictured) to the role of senior associate effective Jan 1st,2023. Omran has a diverse legal background in multiple areas of law, including corporate and commercial matters,
The National Telecom Regulatory Authority (NTRA) has accepted Telecom Egypt’s financial and technical offer to obtain an additional 5MHz of spectrum in the 1800MHz band using FDD technology. The 10-year spectrum allocation was competitively
Matouk Bassiouny & Hennawy has promoted Ali Abdullah (pictured) to partner and head of Tax Litigation practice and Mohamed Naguib (pictured) to partner and head of criminal litigation practice. With experience in the
Saint-Gobain, through its Chryso business, has completed the acquisition of IDP Chemicals in Egypt. IDP Chemicals is focused on the buoyant building and infrastructure markets in Egypt, which should see strong growth for the
Global law firm Clyde & Co has established a collaborative office in Cairo, Egypt. The new firm Barakat Maher & Partners Advocates & Legal Consultants, will operate in association with Clyde & Co. The Cairo
Deal & transactions
Egypt
Transport
ZH&P advises Global Auto in establishing a JV with Contact Financial
Global Auto, the official and authorised distributor of BMW and MINI in Egypt, in entering into a joint venture and operating agreements with Contact Financial Holding to provide consumer financial services to end clients. This
