The final Law Update of 2022 is here, and it’s packed full of articles. The double edition features two focus areas, first is a spotlight on Energy and Resources and second we feature a collection of articles on Transport and Logistics. The developments occurring in these sectors in the MENA region are unprecedented and our lawyers cover vast themes for you.
The Energy and Resources focus features topics such as diversifying energy resources, solar PV, mining in the Middle East, renewable energy and green hydrogen. From a transport perspective, we draw attention to the Bahrain metro project, discuss the challenges and remedies associated with the repossession of an aircraft, and there is advice on what to consider should a party vary the terms of a shipping contract.
This edition navigates you through updates from across jurisdictions such as, Oman, Jordan, Saudi Arabia, Egypt, Iraq, Qatar, and the UAE. Each article is timely and provides insights into legal issues and cases that are affecting these sectors across the region.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.