ZH acts as sole legal counsel to B Investments in TSFE’s investment in B Healthcare Investments

We are pleased to announce that we have acted as sole legal counsel for B Investments Holding S.A.E. (“B Investments”) in relation to the investment of the Sovereign Fund of Egypt (“TSFE”), through its healthcare and pharmaceutical sub-fund, in B Healthcare Investments S.A.E. (“BHI”), an Egyptian subsidiary of B Investments working in the specialized healthcare services with initial focus in fertility and mother-and-child services. BHI currently owns 51% of the Egyptian IVF Center, the pioneer in in-vitro fertilization (“IVF”) in Egypt and the MENA region. TSFE commits to invest an amount of EGP 100,000,000 (one hundred million Egyptian pounds) in BHI; and B Investments commits to invest an amount of EGP 200,000,000 (two hundred million Egyptian pounds).

The transaction was completed on 23 January 2023. Ms. Arig Ali (Partner), Mr. Ahmed Abdel Meguid (Counsel) and Ms. Lana AbdelRassoul (Senior Associate) were the team working on this transaction.