GLA & Company

GLA & Company advised Heidelberg Materials Suez Cement on a capital increase of up to EGP 6 billion, the largest of 2024 in the Egyptian market. The capital increase required multiple governmental approvals, including from the Financial Regulatory Authority (FRA), the General Authority for Investment and Free Zones (GAFI), the Egyptian Stock Exchange (EGX), and the Misr for Central Clearing, Depository and Registry (MCDR). The GLA & Co team was led by partner and head of Cairo office, Hegui A.Taha (pictured left), and included legal director Suzanne Hashem. Legal and compliance director Mahmoud Moussa (pictured right) was with his company, Heidelberg, on the legal requirements of the deal. Read the full article >> https://lnkd.in/dKyKpVGg #LegalcommunityMENA #legaladvisor #capitalincrease

On December 4, 2024, the Ministry of Commerce and Industry (“MOCI”) held a conference to discuss a proposed draft law on digital commerce. The law aims to organize the rapidly growing commercial sector by establishing a regulatory framework to protect consumers, foster sector growth, and localize digital trade. As part of MOCI’s phased priorities, the draft of the “Digital Commerce Law – Phase One” includes provisions aimed at regulating the sector, protecting consumers, and opening new horizons for the growth of digital trade in Kuwait. Check out our website now for the full article drafted by Legal Directors, Mohammed Abdelhamed, Mohammed Al-Awadhi and Trainee Lawyer Maha Abdullah. https://lnkd.in/dZpip2Es

It is one of the most complicated capital increases that I have ever worked on with almost all of the legal and procedural aspects and requirements that anyone can face in a capital increase. All theses extraordinary procedural and legal challenges were part and the very tight timeframe during which such capital increase should be finalized was another challenge. Being an EGX delisted company in Egypt gives you the impression that you are more or less a normal company, however; it imposes on you a lot of uncommon legal and procedural requirements. Hopefully, with a team work spirit full of responsibility and dediction and faith in achieving such uprecedent capital increase, we successfully managed to acheive it even before such challenging deadline compared to the aforementioned circumstances. I would like to express my sincere gratitude to the team worked on such capital increase consists of Heidelberg Materials Suez Cement’s executive, legal and finance teams in a very successful collaboration with GLA & Company team in Egypt lead by Hegui A.Taha. In addition to the effective involvement of EFG Holding to implement the relevant transactions before EGX. Many thanks to all my colleagues in Heidelberg Materials that supported us to make this capital increase happened and special thanks to my colleagues in Ciments du Maroc - HeidelbergCement Group , Heidelberg Materials France and Heidelberg Materials Italia for their swift support during the process.

GLA & Co advised Heidelberg Materials Egypt Suez Cement S.A.E, part of a major multinational cement group, in its groundbreaking capital increase of up to EGP 6 billion. The capital increase required multiple governmental approvals, including from the Financial Regulatory Authority (FRA), the General Authority for Investment and Free Zones (GAFI), the Egyptian Stock Exchange (EGX), and the Misr for Central Clearing, Depository and Registry (MCDR). This capital increase marks a precedent in Egypt as the largest capital increase of 2024. It is considered a historic milestone as it is one of the largest in the Egyptian market to date and was accomplished in record time. The GLA & Co team was led by Hegui A.Taha Taha Partner, Head of Cairo Office, with key contributions from Legal Director Suzanne Hashem. The team worked seamlessly with Heidelberg Materials Suez Cement’s executives to ensure timely and efficient completion of all regulatory milestones. GLA & Co extends special thanks to Heidelberg Materials Suez Cement’s dedicated team, including CEO Mohamed Hegazy, Legal and Compliance Director Mahmoud Moussa, CEO Technical Assistant & Investor Relations Manager Ahmed Morshedy, and Corporate Affairs Manager Mohsen Nagy. Their leadership and collaboration were pivotal to the success of this transaction. GLA & Co also acknowledges the major role and valuable support of Mohamed Omran Teima, Managing Director and Regional Head of Brokerage, and Mohamed Abo El Kasem of EFG Hermes, whose expertise and assistance were integral to the process. Check out our website now for the full press release! https://lnkd.in/ggYv2_-t

GLA & Co proudly emerged as a standout winner at THE LAW ’s Awards Ceremony, hosted on Friday night at the iconic Cairo Citadel. The firm celebrated two incredible victories, reinforcing its rising prominence and exceptional talent in the Middle East legal landscape. GLA & Co was honored as the Regional Rising Law Firm of the Year, a recognition of its rapid growth, innovative strategies, and significant impact across the region. Additionally, Hegui A.Taha, a cornerstone of GLA & Co’s success, was named Distinguished Partner in acknowledgment of his remarkable leadership, expertise, and contributions to the legal field. https://lnkd.in/dVZeF-7d

Today, we join in honoring Qatar's remarkable journey, rich heritage, and inspiring vision for the future.    At GLA & Co., we are proud to support Qatar’s progress and stand alongside its people in celebrating this special day.   Wishing everyone in Qatar a joyous National Day filled with pride, unity, and prosperity!

We are thrilled to announce that GLA & Co took home two prestigious awards at THE LAW ’s Finest Awards Ceremony at the iconic Cairo Citadel on Friday Night. - Regional Rising Law Firm of the Year - Distinguished Partner – Hegui A.Taha These accolades are a testament to the hard work, dedication, and vision of our incredible team, as well as the trust and support of our amazing clients. As our Managing Partner, Alex Saleh, put it: “These awards reflect our relentless pursuit of excellence and our mission to redefine legal standards in the Middle East.”

GLA & Co is thrilled to announce its shortlisting for six prestigious categories at THE LAW MEA Awards 2024, celebrating our exceptional talent and unwavering commitment to excellence across the Middle East and North Africa. Our Managing Partner, Alex Saleh, shines with three individual nominations: Regional Managing Partner of the Year, Regional Lawyer of the Year (Corporate), and Regional Lawyer of the Year (Banking & Finance). Partner, Hegui A.Taha is also recognized for his remarkable contributions showcased in the Distinguished Partner category, while Legal Director, Mohammed Al-Awadhi earns a spot as a Rising Star. Adding to these accolades, GLA & Co is a finalist for Regional Rising Law Firm of the Year, showcasing our rapid growth and impact. We extend heartfelt thanks to our clients and team for driving our success and inspiring us to set new standards in the legal profession. Stay tuned as we continue to shape the region’s legal landscape! https://lnkd.in/dqA6JZ5T

In September, the QFC Data Protection Office (DPO) reprimanded and fined a QFC-licensed firm USD 150,000 for multiple breaches of the QFC Data Protection Regulations and Rules, including delayed breach notification, inadequate security measures, and failure to maintain data integrity and confidentiality. While the DPO acknowledged the Firm’s cooperation and proactive improvements, the penalty serves as a clear warning to enforce compliance and strengthen data protection practices.   GLA continues to support clients across Qatar, the QFC, and the MENA region with expert guidance on data protection legislation through its dedicated team and established practice. Check out the full article drafted by Partner, Dean Jaloudi, Legal Director, Asad Ahmad and Trainee Lawyer Liana Rashid. https://lnkd.in/d-uP3VkN

Qatar’s Law No. 12 of 2024 (the “Qatarisation Law”), published in the October 2024 Official Gazette, is a landmark piece of legislation that follows a regional trend to promote local participation in the private sector. Check out our Full Article, Drafted by Partner Dean Jaloudi and Associate, Jehan Saleh on our website now.   https://lnkd.in/dmsAdr6i