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
Freddie A
6d
Congrats!
Hanan Seif
6d
Fantastic update
Corporate Affairs Manager at Heidelberg Materials Egypt
3dThank you, Hegui. It is always a pleasure working with you and benefiting from your exceptional collaboration and support. I truly appreciate your dedication 🙏🥰🥰