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Ahmed Ibrahim

Ahmed Ibrahim

Managing Partner, Dubai Office

Ahmed was Regional Head of the Equity Capital Markets Team in Al Tamimi & Company Dubai. Before that, he was Group General Counsel of ASEC Group the industrial platform of Citadel Capital Private Equity and he was a L.Partner in Trowers & Hamlins, Cairo office leading the Corporate Commercial Department.

Ahmed has experience in equity capital markets, IPO, general corporate/commercial matters (including joint ventures, founding of joint stock companies, limited liability companies, partnerships, limited partnerships, branch offices, and representative offices, corporate restructuring, shareholders arrangements, corporate governance, and acquisitions) He also participates in drafting, reviewing, and negotiating, shareholders agreements, share purchase agreements, and subscription agreements, as well as various commercial agreements including sale of goods, agency, and distribution agreements.

Capital Markets

  • Acting as legal counsel for two open ended UAE funds and advising the management company on ongoing legal matters;
  • Advising a fund management company in relation to terminating its mandate with UAE incorporated funds;
  • Advising UAE fund management company on establishing a KSA asset back fund to be offered for public subscription on UAE stock markets;
  • Advised Dubai Parks and Resorts on their bond issue to Meraas Holding; in Advised Emaar Properties on the IPO of their development division, Emaar Development PJSC
  • Advised ADNOC on the IPO of their retail and distribution division, ADNOC Distribution PJSC
  • Advised on four rights issue for Dubai Islamic Bank, Dubai Parks& Resorts, Ajman Bank and Takaful Emarat, being the first trading of rights issue on Dubai financial Market.
  • Advised Meeras Holding on the IPO of their hotel and leisure division, Dubai Parks & Resorts PJSC.
  • Advised Amanat Holding PJSC on the IPO on a greenfiled IPO that took place on DFM, with a value of AED 500,000,000;
  • Advised Emaar Properties on Emaar Malls IPO on DFM for AED 6 billion.
  • Advising Marka PJSC on a greenfiled IPO that will take place on DFM, with an expected value of AED 500,000,000;
  • Advising on an IPO that will take place on DFM on logistics practice area, with an expected value AED 700 million;
  • Advising one of the major contracting group of companies in Saudi Arabia in respect of an IPO on the Saudi Stock Market – Tadawul.
  • Led the team advised GMS on an IPO on London Stock Exchange, the second largest IPO in London in 2014;
  • Led the team who advised Al Noor Hospital on their IPO on the London Stock Exchange;
  • Advised an investment company on a share swap transaction between two entities located in the UAE and Saudi Arabia;
  • Led the team worked on listing of Assuit Cement Company shares in Cairo and Alexandria Stock Exchange. Assuit Cement Company shares are 113,714,086 shares with nominal value of EGP 1,137,140,860; and
  • Member of the team worked on the merger between Assuit Cement Company and Assuit Services Company, and the revaluation of the nominal value of the shares from the Capital Market Authority after the merger. The merger ended up with an issued share capital of EGP 1,137,140,860.

Corporate & M&A

  • A sell-side advisor in a private placement transaction of one of the major industrial conglomerate in Abu Dhabi;
  • Advised Dubai Islamic Bank on the acquisition of a majority stake in Tamweel; the first acquisition transaction in the UAE local market to take place through launching of a tender offer;
  • A buy-side advisor for a major private equity firm in an acquisition of a minority stake in an educational specialized platform;
  • Representing the issuer (a DIFC private equity fund) in a private placement targeting strategic investors as LPs and putting together all transaction documentation;
  • Advised an investment company on a share swap transaction between two entities located in the UAE and Saudi Arabia;
  • Advised Waha Capital PJSC in relation to its acquisition of a majority stake in Sharjah Conriche Hospital Group, Ibn Sina Group and PCL Group, which included more than 16 hospitals, clinics and pharmacies in several emirates in the UAE.
  • Member of the team who represented Intesa Sanpaolo Group in the privatization process of the Bank of Alexandria, one of the largest Egyptian state owned bank and the first public sector bank that has been privatized in Egypt. The acquisition value was 9.6 billion Egyptian pounds;
  • Advised Amwal Al Khaleej in relation to acquiring a stake in a leading beverage company. My advice has included carrying out full legal due diligence and advising on the related transactional documentation such as sale purchase contracts;
  • Advised EFG Hermes in respect of the acquisition of six joint stock companies working in the tourism field. My role included performing of due diligence and drafting of the share purchase agreement, the shareholders agreement, and the Escrow arrangement. The value of the deal was EGP 440,000,000;
  • Advised on the corporate restructuring of ASEC Cement project in Algeria to achieve tax optimization, as well as, the best possible exit options without being confronted with local laws. This also includes drafting and negotiating of a Right of First Refusal Agreement with the Algerian Government; and
  • Advised on the liquidation and closure of one of the major brokerage companies working in the UAE.

Commercial

  • Drafting, reviewing, negotiating civil works, steel structure and fabrication, EPC contracts for establishing power plants and quarries exploitation agreements of three green filed cement plants for ASEC Cement Group.
  • Drafted, reviewed, and negotiated supply agreements of raw materials and spare parts, upgrading of production lines, and maintenance and protective maintenance agreements required for Cemex Group (the leading cement producer company worldwide) to takeover the largest cement plant in Egypt and the Middle East.
  • Advised leading nutrition, industrial and services companies in respect of their agency arrangements with local agents and distributors, such as advised a leading international freight forwarding company, in respect of regulating their business through advising on the termination of the agency agreement with their exclusive agent.
  • Advised Bloomberg, a major financial broadcaster and electronic data transmitter, in respect of their operations in Egypt. My work included advising on electronic financial data transmission.
  • Advised, Cultural Innovations, a firm of consultancy engineers in relation to the internal design contract for the Grand Egyptian Museum awarded to them by the Egyptian Ministry of Culture. I represented the firm in negotiating with the legal committee of the Grand Museum of Egypt (a committee affiliated to the Ministry of Culture) the terms of the internal design contract.
  • Advising Disney Channel Middle East in relation to broadcasting regulations, and Intellectual Property Rights that are related to the protection of dubbing as well as the laws of advertising.

Finance

  • Advising Arab National Cement Company on a project finance syndication loan of USD 330 million to finance a greenfield cement plant of 1.5 million ton per year. The lead arranger was Arab African International Bank.
  • Advised ASEC Readymix on a bilateral loan of EGP 21 million with the Commercial International Bank (CIB) to finance three greenfiled batch plants.
  • Advised ASEC Cement on a bilateral loan of USD 70 million with the Arab African International Bank. The purpose of the facility was to be used in general expansion plans of ASEC Cement.
  • Advising ASEC Cement on a mezzanine financing with a South African fund to finance the cement arm of ASEC Cement in Egypt.

Employment

  • Advised a publicly listed on DFM on employees share option scheme and the underlying documentation, as well as, liaising with the regulator in this regard.
  • Advised multinational companies and foreign banks in respect of labour redundancy, restructuring plans of their employees and advising on the legal aspects related to the termination of employment contracts as well as providing amicable solutions as an alternative dispute resolution.

Education

LLM, Corporate Commercial, Queen Mary/UCL University of London
London

2004

LLB, Cairo University – English Law School
1994

Language

Arabic

English

Professional Associations and Memberships

  • Egyptian Bar AssociationMember