After more than a year of intensive work, we are pleased to have advised and represented Qalaa Holdings (the “Company”) on the successful completion of an innovative, highly complex, and tailor‑made capital increase amounting to EGP 12,032,320,000.
This landmark transaction originated from the Company’s outstanding foreign debt obligations under its syndicated loan, whereby the Company’s Ordinary General Meeting in 2024 resolved to implement a pioneering structure.
The process required meticulous coordination with multiple regulators and institutions — including the Economic Performance Department of the General Authority for Investment and Free Zones (GAFI), the Financial Regulatory Authority (FRA), Misr for Central Clearing, Depository and Registry (MCDR), and the Egyptian Exchange (EGX) — and took over a year to finalize.
This distinctive capital increase represents the largest ever executed by Zulficar & Partners, and one of the most significant in the history of the Egyptian Exchange and the Egyptian market at large.
The Z&P team was led by Mr. Anwar Zeidan – Founding Partner and Head of the Capital Markets Group, alongside Amr Meselhy – Senior Associate, with valuable contributions from Mr. Khaled Hammad – Partner, and Mohamed Ramadan – Associate.
Congratulations to all relevant stakeholders on bringing this landmark transaction to fruition. This achievement stands as a testament to Zulficar & Partners’ market‑leading expertise in structuring and executing precedent capital markets transactions.
