ZH advises ID Bank on EGP 4.5 billion capital increase

We proudly announce the successful closure of a significant capital increase deal for the Industrial Development Bank SAE (ID Bank) with a remarkable amount of EGP 4.5 billion. With this Transaction, the Bank’s issued capital increased from EGP 500 million to EGP 5 billion.

Sameh Khodeir, Senior Partner, and Helal El Hossary, Partner and Head of Capital Markets & Corporate Procedures, as well as Mohamed Saeed, Senior Associate, were the lead attorneys who advised ID Bank on this Transaction.

Congratulations to ID Bank and our appreciation is extended to its team for its support in the execution of the Transaction.