Zaki Hashem advises Sinai Cement Co. on its strategic EGP 1.68 billion capital increase and resulting share issuance

We are thrilled to share the successful closure of a significant capital increase transaction for Sinai Cement Company SAE (listed on the EGX Main Market).

The transaction involved a capital increase of EGP 1,682,007,520 (One Billion Six Hundred Eighty-Two Million Seven Thousand Five Hundred and Twenty Egyptian Pounds), reflecting our Firm’s continued strength in handling high-value, complex capital market deals.

As a result of the transaction, the Company’s issued capital increased from EGP 1,330,658,670 to EGP 3,012,666,190 and a total of 168,200,752 new shares were issued as part of the increase.

The capital injection was executed through a combination of cash contributions and debt-to-equity conversion via shareholder debt.

The transaction was spearheaded by Mohamed Saeed, Senior Associate, and Farida Fayez, Associate - under the guidance of Helal El Hossary, Partner and Head of Capital Markets & Corporate Procedures.

We extend our congratulations and sincere appreciation to Sinai Cement Company for its valuable support and collaboration throughout the transaction.

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