Bassam Alghamdi, CFE, GRCP, CertIFR, SOCPA candidate’s Post

The value of announced Mergers and Acquisitions (M&A) transactions with any sub-Saharan African involvement hit $26.9 billion during the first six months of 2024, double the value recorded a year ago, according to a new report by the London Stock Exchange Group (LSEG). The report titled, “Sub-Saharan Africa Investment Banking Review First Half 2024”, however, said that the number of M&A deals announced in the region declined 33% from last year at this time. Specifically, the report stated that “deals involving a sub-Saharan African target totalled $21.9 billion during the first half of 2024, more than three times the value recorded in the first half of 2023 as inbound deals, involving a non-Sub Saharan African acquirer, increased 17% and domestic M&A saw a seven-fold increase in value. https://lnkd.in/diapGxPK

On 1 June 2024, the Egyptian Competition Authority (ECA) announced the initiation of criminal proceedings against 11 distributors for participating in an anti-competitive agreement related to the supply of clay for the ceramic and porcelain industry. This arrangement enabled the distributors to inflate clay prices for retailers, with increases ranging from 50 percent to 180 percent. The ECA concluded that the cartel's actions violated Article 6(a) of the Egyptian Competition Law. To learn more about the proceedings, visit https://bit.ly/3WROB7M. #bremerlawfirm #bremer #lawyersofinstagram #attorneysofinstagram #lawyer #attorney #lawfirm #mena #menaregion #egyptattorney #egyptlawyer #uae #uaeattorney #uaelawyer #unitedarabemirates #saudiarabia #saudiarabialawyer #saudiarabiaattorney #kuwait #kuwaitattorney #kuwaitlawyer #middleeast #africa #corporateventure #mergers #acquisitions #banking #finance #taxes #jointventures

Are you planning an #MnA transaction? Effective planning and compliance with #mergercontrol laws are key to the smooth execution of your M&A transactions. Our latest article provides an overview of the #regulations in #Cyprus and the #EU, helping you anticipate and manage notification requirements and transaction timings with confidence. 🔍 Read the full article to explore: 🌐 The role of merger control in preventing #marketdominance and preserving #competition. 💼 Key aspects of the Cyprus Merger Control Law and the EC Merger Control Regulation. 💡 Criteria for determining when a #merger or #acquisition must be notified to #competitionauthorities. 🔍 Detailed explanations on #turnover calculations and #thresholds under both legal frameworks. 📈 Insights into how #businesses can navigate merger control regulations for smooth M&A transactions. Whether you're involved in local deals within Cyprus or cross-border transactions with an #EUdimension, understanding merger control rules is essential for strategic planning and compliance. 📖 Read the full article at https://lnkd.in/eK29btyG #CorporateLaw #CompetitionLaw #MergerControl #MnA #BusinessStrategy #LegalExpertise #CyprusLaw #EULegislation

#Uzbekistan: #UAE's Bond Investments Fully Acquires Poytakht Bank for $10 Million. The State Assets Management Agency (SAMA) confirmed that the transaction was finalized with a one-time payment arrangement. more: https://lnkd.in/eYSNpNiW Sardor Koshnazarov #banking #emergingmarkets #mergersandacquisitions #acquisitions #privateequity #assetmanagement #investmentmanagement #investing #UnitedArabEmirates

On 18 May 2024, the Egyptian Competition Authority (ECA) took its first action against retail price maintenance (RPM) schemes and most favored nation (MFN) clauses. The ECA's investigation revealed that eight manufacturers and suppliers in the household appliances market violated the Egyptian Competition Law by employing RPM and MFN clauses. The ECA's heightened focus on RPM and MFN clauses was partly driven by pressures from several substantial devaluations of the Egyptian Pound since 2022. To learn more about this investigation, visit https://bit.ly/3YOV1Ya. #bremerlawfirm #bremer #lawyersofinstagram #attorneysofinstagram #lawyer #attorney #lawfirm #mena #menaregion #egyptattorney #egyptlawyer #uae #uaeattorney #uaelawyer #unitedarabemirates #saudiarabia #saudiarabialawyer #saudiarabiaattorney #kuwait #kuwaitattorney #kuwaitlawyer #middleeast #africa #corporateventure #mergers #acquisitions #banking #finance #taxes #jointventures

I’m thrilled to share an article 📰 I co-authored with Hamza Touzani published in Chambers and Partners "To Notify or Not Notify: The New #Merger #Notification #Guidelines in #Morocco." The Moroccan #Competition #Council’s recent #Guidelines introduce a more nuanced approach to merger notification obligations, particularly impacting foreign-to-foreign #economic #concentration #transactions. If you're involved in #cross-border deals and want clarity on the latest #thresholds and #exemptions, this is a must-read! Learn more about how these changes could affect your next transaction. #CompetitionLaw #MergerGuidelines #Morocco #CorporateLaw #Compliance #LegalUpdate https://lnkd.in/eM4RvcZT

[How CFI is Shaping Mergers & Acquisitions in Nigeria] A. Brief explanation of CFI (Corporate Finance Institute) in Nigeria The Corporate Finance Institute (CFI) in Nigeria is . . . https://lnkd.in/dhZJdi75

🚨Merger Control in Egypt: Are Transactions Slipping Through the Cracks?🚨 We are pleased to share our latest publication with Legal 500, authored by our distinguished team members Amir Nabil, May Reda, and Farah Bahgat. The article provides an in-depth analysis of Egypt’s merger control regime and its implications for competition, drawing on our extensive experience. While the regulatory framework is designed to prevent harmful mergers, the current thresholds and procedural timelines may allow some transactions to bypass necessary scrutiny. 🧐 What are the potential consequences for competition and the broader economic landscape? Could this lead to deals that undermine competition? Explore our full analysis to uncover the potential challenges and opportunities within Egypt’s merger control framework and what it means for the future of fair competition by accessing the following link: https://lnkd.in/d9nYSmXg And join the conversation about the future of merger control in Egypt! #MergerControl #CompetitionLaw #MarketRegulation #LegalInsights #Antitrust #EgyptianLaw #LawFirm #IbrachyAndDermarkar #EconomicHealth #CorporateLaw #MergersAndAcquisitions #LegalUpdates #BusinessLaw

A surge in mergers and acquisitions is taking place across the Gulf region, with Saudi Arabia and the UAE at the forefront. The two nations collectively contributed to a 7% rise in deal value, reaching $71 billion in the first nine months of 2024. According to EY’s MENA M&A Insights 9M 2024 report, the MENA region saw a total of 522 deals during this period, reflecting a 9% year-on-year increase in deal volume.

🔍 Navigating Mergers and Acquisitions in Cyprus 🔍 Why Cyprus is a prime destination for M&A activities: Strategic Location 🌍: At the crossroads of Europe, Asia, and Africa. Robust Legal Framework ⚖️: Common law system aligned with international practices. EU Membership: Access to a large market and adherence to EU standards. Positive Economic Outlook 📈: Projected GDP growth of 2.8% in 2024 and 3% in 2025. Key Sectors: Banking & Finance 🏦 Energy 🔋 Real Estate 🏢 Tourism & Hospitality 🏨 Technology 💻 Stay ahead with expert guidance! Our law firm is here to support your M&A transactions in Cyprus, ensuring compliance and maximizing opportunities. 👉 Read more in our blog post. 💼📈🌐 #ConnorLegal #MergersAndAcquisitions #BusinessInCyprus #StrategicLocation #LegalFramework #EconomicGrowth #ExpertGuidance #BusinessGrowth #CyprusBusiness #CompanyRegistration #CommercialLaw #Entrepreneurship #InvestInCyprus #cypruslaw #cypruslawyer #cypruslawyers #cypruslawfirm #cypruslawfirms #lawfirmcyprus #CyprusCompanies #BusinessInCyprus #Entrepreneurship #business #tax #legaladvice