Sale of Arab finance Co

The firm advised Orascom Telecom Ventures S.A.E. (among others), as the major shareholder in relation to the sale of their entire shareholding, representing 100%, in the share capital of one of their brokerage arm in Egypt: Arab Finance for Brokerage S.A.E.

The sale was to an individual investor at a value calculated based on the total equity valuation of the Company which amounted to over EGP 12 million.

In this regard, we have drafted the sale and purchase agreement, assisted our client in the negotiation of the sale and the closing procedures of the deal before the Egyptian Exchange.