Misr Capital S.A.E. (Misr Capital), the investment arm of Banque Misr, and Elevate Private Equity, announced today the launch of a USD 380 million healthcare investment platform, “Nile Misr Scan & Labs”. Elevate Private Equity has built a strong track record of achieving 38% CAGR over the past four years...
Announcement
We would like to congratulate DR Ashraf Abou Elkheir for his recent appointment as Vice Chairman of the Board of Directors of the french luxury fashion house Balmain SA. DR Ashraf Abou Elkheir is the founding and managing partner at Alliance Law Firm.
CAS Arbitral Award in favor of the VP of IFBB
Alliance Law Firm is honored to have represented our client, Dr. Eng. Adel Fahim, the Vice President and Executive Assistant of the International Federation of Bodybuilding and Fitness (IFBB), the President of the African Federation of Bodybuilding, the Arab Federation of Bodybuilding (AFBB) and the Egyptian Federation of Bodybuilding (EFBB),...
Vodafone Egypt Buys 20% Stake in Ebtikar’s Subsidiaries: Bee and Masary
Vodafone Egypt and Ebtikar have signed a memorandum of understanding to purchase a stake in Ebtikar’s subsidiaries Bee and Masary digital financial services. Subject to the completion of due diligence, Vodafone Egypt plans to increase the capital of both Bee and Masary with a 20% stake in both companies. Alliance...
I2’s full share sale to Raya Distribution
Alliance Law Firm was pleased to represent Alturki Holding for the sale of 100% of their interest in the electronics retail Itisalat International (i2) and United Retail Company (URC) to Raya Distribution, a subsidiary of Raya Holding. Source: Alturki Holding Linkedin Profile
Benya to Establish Fiber Optics Network in Democratic Republic of Congo
We are proud to have advised Benya in their expansion in the Democratic Republic of Congo. Benya will cooperate with DRC’s Ministry of Posts, Telecommunications and New Information and Communication Technologies in developing the country’s communication infrastructure and establish a natural Fiber Optics Network. Source: Daily News Egypt
Amendment to some provisions of Law No. 201 for 2020 on Microfinance Activity to finance SMEs
Dr. Omran, chairman of the FRA stated that the amendments issued contribute to the availability of financing SMEs, which represent more than 70% of the structure of the Egyptian economy. He also stated that 3.11 million projects benefited from microfinance activity and pave the way in attracting a variety of...
The Egyptian Prime Minister has approved the amendments of the Egyptian Capital Market Law Executive Regulations
Alliance Law Firm is honored to participate, along with other law firms, in the preliminary sessions, held by the Financial regulatory Authority chairman, to discuss the draft amendments. The approved amendment includes new forms of sukuk issuances, which have been approved by Al-Azher, for the sake of diversifying investment instruments....
Greville Investing Limited Collapse, Benefits Atlantica Holding Inc. to become direct shareholder in Rameda Pharmaceuticals
Alliance Law Firm successfully represented Atlanctica Holdings Inc. in the restructuring of its indirect ownership in Rameda (a leading pharmaceutical company), which involved obtaining the FRA approvals required pre and post the initial public offering of Rameda. Where we have advised Atlancita on the process of the collapse of Greville...
Global Holding group’s divestment of CI Capital
Alliance Law Firm advised Global Holding Group, key shareholder of CI Capital Holding, in the divestment of its 9% stake in CI Capital Holding with a total value of EGP 377 million. Source: Enterprise