Matouk Bassiouny & Hennawy (MBH) announced a successful settlement for Misr Beni Suef Cement CO. in a prolonged dispute before the Egyptian courts. The dispute was related to an arbitral award issued by CRCICA in 2022 against Misr Beni Suef Cement CO., with an excess amount of EGP 455 million, including interests accrued until the […]
Banking & Finance
Capital Markets
Egypt
IPOs
B Investments Acquires Majority Stake in Orascom Financial
B Investments announced the successful completion of its mandatory tender offer (MTO) to acquire approximately 70% of Orascom Financial Holding (OFH). This transaction is the first MTO to be executed in the Egyptian market through a
International law firm, CMS has provided legal counsel to the European Bank for Reconstruction and Development (EBRD) and Meridiam on their equity investment, alongside Hassan Allam Utilities, in HAU Energy BV. This newly established platform
Beltone Holding (“Beltone”), a leading financial institution, announced that its venture capital arm, Beltone Venture Capital (“BVC”), has entered into a partnership agreement with CI Venture Capital, a subsidiary of prominent UAE-based investment management firm
Corporate
Deal & transactions
Egypt
Opinions
Saudi Arabia
United Arab Emirates
PwC Report: Diversification Fuels 2024 M&A Boom in Middle East
The winds of change are blowing across the business landscape of the Middle East. With a focus on economic diversification and a growing embrace of clean energy and technology, the region is poised for a
Capital Markets
Egypt
Real Estate, Construction & Infrastructure
Updates
MBH Advises on Rixos Premium Alamein Hotel Agreement
Matouk Bassiouny & Hennawy (MBH) has successfully acted as the legal counsel for the owning company in negotiating and concluding the management agreement with Rixos, a part of Accor’s portfolio, one of the world’
Banking & Finance
Capital Markets
Egypt
Industrial
Ip
Qalaa Holdings declares debt resolutions and restructuring plans
Qalaa Holdings has successfully negotiated a debt resolution valued at EGP 4.5bn with a consortium of four banks: Banque du Caire, Banque Misr, Arab African International Bank, and Al Ahli Bank of Kuwait. The settlement
Sharkawy & Sarhan, has announced the promotion of four of its rising stars. Nesma Abdelbary, Youmna Fahmy, and Menna Abouzekry who have been elevated to pivotal positions within the legal team, while Mariam Ahmed has
Sharkawy & Sarhan Law Firm announced their involvement in financing the Kom Ombo solar power project, which recently won the IJGlobal Global’s award for “Energy Transition Deal of the Year.” The project is a
Hafez & Partners has elevated associate Omar Saad (pictured) to the position of Counsel, effective January 1st, 2024. This elevation underscores the firm’s deep appreciation for Saad’s exceptional skills and expertise in advising both
