Tags : sx2

Deal & transactions Other Uncategorized

Al Tamimi & Co with Nord Anglia Education in its

Nord Anglia Education, a premium international schools organization, has further expanded its presence in the Middle East with the joining of Amman Academy to its family of schools.  Amman Academy, a private co-educational, bilingual day school in Amman, Jordan, becoming part of Nord Anglia’s network of schools shows the growing appetite for leading education providers […]

IPOs Transport United Arab Emirates

Salik, Dubai’s road-toll operator to sell a 20% stake via

Salik Company, Dubai’s exclusive toll gate operator, has announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM).  As per the released statement, 1.5 billion shares each with a nominal value of AED0.01 will be made available in the Offering, representing […]

Capital Markets Egypt Industrial

MBH: CIB acquires stake in El Sewedy for Engineering Industries  

Commercial International Bank (“CIB”), a private sector bank in Egypt, has acquired a minority stake of 15% of El Sewedy for Engineering Industries (“SEI”).  The acquisition will see SEI expanding in the local and regional markets.  Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to CIB. The MBH team was led by partner Amr […]

Deal & transactions Egypt Healthcare, Pharma & Life Sciences

GSK Group completes demerger of Haleon Group. The advisors 

Global healthcare company GlaxoSmithKline Services Unlimited (“GSK Group”) has completed the demerger of its consumer healthcare business to form global consumer healthcare company Haleon Group. The transaction was valued at GBP 55 million (approximately USD 63.8 million). The separation of the Consumer Healthcare project was completed on 18 July 2022.  Helmy Hamza & Partners, Baker McKenzie‘s Cairo […]

Banking & Finance Deal & transactions United Arab Emirates

Bahrain Bourse and ADX launch Tabadul Exchange Hub

Bahrain Bourse (BHB) and Abu Dhabi Securities Exchange (ADX) have launched the GCC’s first digital exchange hub – Tabadul. The exchanges commemorated this landmark achievement towards the launch of Tabadul with an official bell ringing ceremony live streamed from BHB and the ADX headquarters.    Tabadul was the result of the signed strategic partnership agreement in November […]

Deal & transactions Egypt Real Estate, Construction & Infrastructure

AlQamzi Developments to inject EGP14bn investments in Egypt  

AlQamzi Developments has unveiled its strategic expansion plan in the Egyptian market, saying that it will inject investments worth EGP14bn in the span of four years.  Yasser Zidan the Egyptian partner and executive chairman of AlQamzi Developments said:  “The company has already started the implementation of its expansion strategy in the Egyptian market. It is […]

Egypt News TMT

Shalakany successful settlement of a FinTech Investment Dispute 

Shalakany has successfully negotiated and closed off a settlement deal, on behalf of its Kazakhstani foreign investor client, with the opposing party in relation to the client’s investment in the Egyptian FinTech sector.  Shalakany spearheaded the negotiations with the opposing party, which began at the end of March 2022. By June 2022, a commercially acceptable settlement deal […]

Egypt News Real Estate, Construction & Infrastructure

Shalakany secures a favourable USD 40 million settlement for their

Shalakany has successfully represented their client, a major international hotel management company, in settling a claim worth more than USD 40 Million arising out of the hotel management agreement of one of the hotels in Egypt. Shalakany has successfully acted for their client in concluding an amicable settlement agreement with the hotel owner.  After initiating a […]