News

Matouk Bassiouny Wins National Law Firm of the Year

Matouk Bassiouny wins National Law Firm of the Year at the IFLR ninth annual awards ceremony marking its leading position in the Egyptian legal Market Some of the landmark closings that the Firm successfully undertaken in the past 12 months include advising on the USD 92 million IPO of the Arabian Cement Company, first IPO to take place in Egypt since...
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Matouk Bassiouny and Clifford Chance advise on landmark Egyptian EGP 1.8 billion Islamic financing for Al Sharkeya Sugar Manufacturing

Increases Al Sharkeya Sugar Manufacturing's capacity to meet 50% of Egypt's total sugar needs   Clifford Chance and Matouk Bassiouny have together advised Abu Dhabi Islamic Bank, Banque Audi, Banque Misr, as Senior Mandated Lead Arrangers, and the Islamic Corporation for the Development of the Private Sector (ICD), as Mezzanine Mandated Lead Arranger on and Islamic Shari’a compliant financial package of around...
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Enforcement Policy of the Egyptian Competition Law: Vertical Relations

This article is intended to overview the enforcement policy of the Egyptian Competition Authority (ECA) regarding vertical agreements in general and those related to distribution in particular. This assessment comes almost nine years after enacting Law number 3 of 2005 on the Protection of Competition and the Prohibition of Monopolistic Practices (ECL) and the establishment of the ECA in August 2005. In...
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Arabian Cement Company, first IPO since the 2011 revolution

Matouk Bassiouny, has successfully advised Arabian Cement Company (ACC), as well as EFG-Hermes and CI Capital as Joint Global Coordinators on the first Egyptian IPO since the 2011 revolution, for a total valuation of EGP 766,819,800 (approximately USD 107,237,755).   The firms won the first-time instruction from ACC following a competitive pitch process. ACC is majority owned by Spain’s Cementos La Union. The...
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