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We are excited to share the latest edition of the Law Update, beautifully and appropriately titled “Sustainable Horizons: The Saudi Arabian Vision.” Giving special honor to the Kingdom’s 2030 vision, this update focuses on a collection of both informative and inspiring articles.
For those in construction, you can learn about how the tendering environment impacts risk-pricing for contractors, the updates on the legal framework of the construction industry and how contractors can protect themselves against financial difficulties.
There is good news too from the kingdom’s banking sector, from which the practice of “Open Banking” is being pushed for! But what is open banking? We’re answering that too.
Also . . . Are there any women trail blazers in Saudi Arabia you can name? We’ll help you with that. We cover how the Middle East has been making strides in empowering women in the entrepreneurial space,most notably in STEM fields.Read the full edition
The largest law firm in the Middle East, Al Tamimi & Company, has announced the latest partner to join the Cairo office, boosting its Mergers and Acquisitions (M&A) and Capital Markets capabilities after a series of high-profile work in the sector over the past year.
Mohamed Gabr, formerly a Partner at Matouk Bassiouny, is one of the most versed M&A and Capital Markets lawyers in Egypt with extensive experience and track records in pertinent high profile transactions. Amongst these transactions, he has previously acted on the Al Borg and Al Mokhtabar merger, the private placement of Wadi Degla for Investment, the management buyout of TBS, the IPO of Arabian Cement Company on EGX, the IPO of IDH (owner of Al Borg and Al Mokhtabar) on the LSE, the sale of Mass Food group, the sale of Nile Badrawi hospital, the sale of Nahda University, and the IPO of Cleopatra hospital on EGX. Mohamed ranks as a Leading Lawyer in Capital Markets, M&A and Restructuring & Insolvency (Egypt) – IFLR 1000, 2017.
Ayman Nour, Partner, Head of Egypt Office commented:
“We are delighted to welcome Mohamed to our growing practice in Cairo; it has gone from strength to strength since opening just over a year ago, and Mohamed joining us is a major force to our team and testament to the credibility we are gaining in the market.
He is one of the leading corporate lawyers in the region, with extensive knowledge and expertise in the restructuring of corporate groups, listings and initial public offerings on the Egyptian Exchange, and M&A transactions involving listed companies, and he will certainly be an instrumental asset as we look to cement our position as a leading law firm in Egypt.”
Since its launch in April 2015, the firm has acted as lead or local counsel on several M&A projects, notably, the 100 million USD acquisition of Fawry (a leading payment technology platform) by a consortium of investors, and the acquisition of the Advanced Holding Co. (known as Misr Bus), one of the key public transportation operators in Greater Cairo by a Emirates National Group. The Firm also represented and assisted the top shareholders of Dar Al Fouad Hospital in their acquisition and takeover of management of the Hospital. Additionally, for Emirates NBD, Al Tamimi acted as mandate lead arranger and lender in connection with an EGP 2 billion Syndicated Long Term Facility to the Egyptian Electricity Holding Company, part of the financing of New Administrative Capital 4800MW power plant and the Borolus 4800MW power plant projects.
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