United Bank IPO: the advisors
Helmy Hamza & Partners Baker McKenzie Cairo has acted as transaction counsel in the initial public offering (IPO) of the United Bank, which is primarily owned by the Central Bank of Egypt, on the EGX (Egyptian Exchange).
The private placement oversubscribed 6x and the public tranche 59x, reflecting robust investor confidence and demand. Based on its IPO offer price of EGP 13.85 per share, the Bank has an implied market capitalization of EGP 15.235 billion, making this Egypt’s largest IPO since 2021.
The team
The Baker McKenzie team was led by Hani Nassef (pictured left) with support from counsel Mohamed Abdelhalim and senior associate Omar Zaki. Managing partner Mohamed Ghannam (pictured right) has provided strategic advice and guidance, while partner Megan Schellinger provided US law advice. Transaction support was provided by of cousel Hesham Ragab, counsels Mohamed Hafez, Zeinab Shohdy and Ghada El Gharib, associates Milad Fayez, Ahmed Shehata, Peryhane Gawish, Hayna Abdelrahim, Chirouette Elmasry, Noor El Gohary, Hania Meshref, Noureldin Elhayatmy, Hala Mohamed and Omnia Osman, as well as Hanna Ahmed and Omar Mahmoud.
