GLA & Co Advised Heidelberg Materials Suez Cement S.A.E. On EGP 6 Billion Capital Increase

GLA & Co Advised Heidelberg Materials Suez Cement S.A.E. on EGP 6 Billion Capital Increase

GLA & Co has advised Heidelberg Materials Suez Cement S.A.E, a subsidiary of a major multinational cement group, on its historic capital increase of up to EGP 6 billion

This significant transaction required a series of 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 capital increase, which is the largest of 2024, sets a precedent in Egypt and stands as one of the most substantial deals in the Egyptian market to date, completed in record time.

This milestone highlights GLA & Co’s leadership as a regional law firm capable of managing complex, multi-dimensional legal challenges across the MENA region.

The GLA & Co team, led by Hegui Taha, Partner and Head of Cairo Office, included key contributions from Legal Director Suzanne Hashem. The team worked closely with Heidelberg Materials Suez Cement’s executives to ensure the successful and timely completion of all regulatory milestones.

Alex Saleh, Managing Partner, commented, “This landmark transaction exemplifies GLA & Co’s commitment to providing strategic and comprehensive legal services tailored to our clients’ needs. It also highlights our deep expertise in the Egyptian market and our ability to deliver results in high-stakes scenarios.”

Hegui Taha, Partner, added, “It has been a privilege to collaborate with Heidelberg Materials, Suez Cement and its exceptional team of professionals. This achievement showcases thepower of teamwork and the importance of meticulous planning in executing complex capital market transactions.”