Abdalla ElEbiary

Qalaa Holdings has successfully negotiated a debt resolution valued at EGP 4.5bn with a consortium of four banks: Banque du Caire, Banque Misr, Arab African International Bank, and Al Ahli Bank of Kuwait. The settlement involves approximately 17.68% of Qalaa Holdings’ equity in TAQA Arabia, a subsidiary, and a 60,000-square-meter land parcel in Tabein. Ahmed Heikal, the founder and chairperson of Qalaa Holdings, stated that these agreements signify a leap forward in the firm’s strategic growth and expansion blueprint. Heikal also noted a downtrend in the debt-to-operational cash flow ratio, emphasizing that the recent settlements with the lending banks represent a critical milestone. Tarek Hassan (pictured), the Head of Legal Department at Qalaa Holdings, played a crucial role in these negotiations. In addition, Zulficar & Partners Law Firm represented Qalaa Holdings (“Qalaa”) and its affiliates in these two major debt restructuring and settlement agreements. This marks a significant advancement in the Company’s journey towards debt and financing cost reduction and profitability. The team is headed by Mona Zulficar, Founding Partner and Head of the Banking and Finance Group, and includes Rana El-Nahal. Read the full article >> https://lnkd.in/gFPucVC8 #LegalcommunityMENA #legaladvisor #debtresolutions

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📢 Our latest speaker taking the stage at the ESG FinTech Summit – Paris Jordan, CFA, Head of Responsible Investing at Charles Stanley 📢 Paris will be speaking on the panel titled - The Challenges & Opportunities of ESG Productisation in the Consumer Environment Register to take part in the leading ESG FinTech event - www.ESGFinTechSummit.com #ESGFinTechSummit24

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📢 SPEAKER ANNOUNCEMENT: EQUITY CAPITAL MARKETS MIDDLE EAST 2024 📢 🎙️ Faisal Hasan, CFA, Chief Investment Officer & Head of Asset Management, Al Mal Capital PSC We are thrilled to introduce the excellent speakers we have with us for Equity Capital Markets Middle East 2024. Faisal Hasan will be speaking on the following: “Increasing international investor allocations: Exploring diverse investment strategies in the context of the Middle East's active equity markets” This event is the only provider of an overview of IPOs across the Middle East. Looking at this asset class from a regional perspective provides insights and business development opportunities like no other. All taking place in Dubai on 4th June. Want to join our experts and other senior leaders there? Use code LKD900 to save £900 off your registration and benefit from key market insights as we delve into transformative changes and case studies of successful companies navigating the active ECM landscape in the Middle East. Register your place: https://lnkd.in/esc_3dvY Visit the website: https://lnkd.in/eVS9VvPk See you in Dubai – 4th June 2024! #EquityCapitalMarkets #GFCMediaGroup #EquityCapital #CapitalMarkets #IPO #FinancialMarkets #FinancialEvents #MiddleEast

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Our Managing Partner shares insights on navigating different market challenges regarding Egypt's business environment and addressing some key regulatory shifts. Check it out! #drenyandpartners #Leadership #Interview #PrivateEquity #LegalFramework #Egypt

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🚀 Strategic Investment Opportunities in Saudi Arabia The Ministry of Investment of Saudi Arabia (MISA) continues to drive economic growth through innovative and strategic initiatives. Recent data from the Q1 2024 Economic and Investment Monitor highlights MISA's impressive progress: 📈 FDI Growth: Foreign Direct Investment inflows into Saudi Arabia increased by 32.2% YoY in Q4 2023, with the total FDI stock reaching SAR 808 billion, marking a 6.1% YoY growth for 2023. 🏆 Investment Licenses: MISA issued 3,157 investment licenses in Q1 2024, a 93% increase from the previous year. This includes a 477% rise in licenses for regional headquarters, showcasing the Kingdom's appeal as a business hub. 🌍 Global Engagement: MISA has been actively promoting Saudi Arabia on the global stage, organizing key events such as the Future Minerals Forum and participating in the Gujarat Global Summit. These efforts are crucial in positioning Saudi Arabia as a prime destination for global investment. 🎖️ Enhanced Investor Experience: MISA's commitment to improving the investment climate is evident from their customer service achievements, including processing 445 business visit visas and delivering over 58,000 e-platform services in Q1 2024. As Saudi Arabia continues to evolve as a strategic investment hub, there are significant opportunities for established companies looking to expand into the Middle East. If your business is generating revenue and is ready to explore growth opportunities in this dynamic market, please feel free to DM me. Disclaimer: This invitation is for companies with existing revenue streams, not startups. #Investment #SaudiArabia #FDI #MISA #ZabCapital

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Investor Relations (#IR) and Corporate Governance go hand in hand. At Middle East Investor Relations Association we are dedicated to promoting IR best practices and setting benchmarks for governance and transparency across the Middle East. I'm thrilled about our Chairman, Andrew Tarbuck’s initiative to undertake a comprehensive assessment of #MEIRA's Corporate Governance frameworks and Board of Directors’ operations, encompassing both the central MEIRA Board and the Saudi Chapter Board. It is great to witness the overall Board’s support of his efforts. Together, we aim to align our stakeholders' interests with the association's long-term goals. #Governance #InvestorRelations #CorporateLeadership #SustainableGrowth

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We're thrilled to share that Ezdehar Management, a prominent private equity fund manager in Egypt, has chosen PE Front Office to enhance its Alternative Investment Process. We extend a warm welcome to Ezdehar and are excited to be part of their investment journey, supporting them along the way. . Learn more: https://lnkd.in/g-b4REHv #SimplifyWork #EnhanceProductivity #privateequity #venturecapital #privatedebt #fundoffunds #alternativeinvestments #alternativeassets #privatecapital #pefrontoffice

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Based on Egypt’s macro economy developments, HC Securities & Investment expects the CBE is to most likely keep the policy rates unchanged in its upcoming meeting scheduled May 23rd, 2024 #interestrates #inflation #cbe

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📢 SPEAKER ANNOUNCEMENT: BONDS, LOANS & SUKUK MIDDLE EAST 2024 📢    🎙️ Rizwan Kanji, Partener, Capital Markets at Akin Gump Strauss Hauer & Feld LLP  We are thrilled to introduce the excellent speakers we have with us for Bonds, Loans & Sukuk Middle East 2024. Rizwan Kanji will be speaking on the following:    “Islamic finance: The expanding reach and depth of sukuk.”    Join our speakers at the Middle East’s largest corporate and investment banking event; gain expert insights to better understand how market leaders are navigating the current economic backdrop and the impact it has on the Middle East’s capital markets.    Then further benefit from our networking opportunities: access 1,400+ of the Middle East's leading regional & international sovereigns, corporates, investors, banks, law firms & service providers in 1 location at 1 time.    Use code LKD500 to save £500 off your registration.    Register your place: https://lnkd.in/eBx9RQ-C Visit the website: https://lnkd.in/dbMFeNG   See you in Dubai – 4th & 5th June 2024!    #BondsLoans #Sukuk #GFCMediaGroup #DCM #ECM #DebtCapitalMarkets #EquityCapitalMarkets #PrivateCredit #FinancialMarkets #FinancialEvents #MiddleEast 

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Under the SMEs session track at AIM Congress 2024, join us for a panel discussion focusing on the impact of rapid technological advancements on small and medium-sized enterprises. Our Co-Founder and Vice Executive Chairman, Ahella El Saban, will lead this panel alongside esteemed experts and speakers. Do not miss out on this valuable opportunity to join us at the AIM Congress next month from 7 to 9 May. Stay ahead of the curve! #Exits #mena #aimcongress #startup #tech #fintech #technology #SME #uae

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Glint Ventures, Egypt’s boutique consulting and investment firm, announces the first close of its second venture fund, securing an initial $3 million USD investment anchored by Wadi Degla Group. Glint Fund 2 will focus on supporting startups through its proprietary venture studio model, seeking to invest between the Seed and Series A stages with ticket sizes ranging from $250K to $500K. #Glint #Egypt #Consulting #Investment #VentureFund #WadiDeglaGroup #Startup #Entrepreneurship #MiddleEastInvestment #BusinessNews

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▶️ https://lnkd.in/erCCE482 Marwan Haddad, CFA, Managing Director and Lead Portfolio Manager at Azimut Middle East, in this interview on CNBC offers an in-depth analysis on the major rate cut announced by the ECB on June 6th and discusses its possible impacts on the financial market in the MENA region

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Get ready for an even more insightful Day 2 at the Bonds, Loans & Sukuk Middle East 2024 Conference. Starting with Shayaan Shikoh Khan’s opening remarks, don’t miss Vijay Bains's session on measuring and aligning ESG credentials to attract international investment. #Bonds #Loans #Sukuk #EmiratesNBD #FinancialLeadership #ESG #Sustainability

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Egypt Secures IMF Nod for Next $8 Billion Loan Disbursement. The International Monetary Fund and Egypt have reached a preliminary staff-level agreement, unlocking the next disbursement of Egypt's $8 billion loan. This agreement, pending approval by the IMF's board, will provide Egypt with access to approximately $820 million. The deal follows an IMF mission to Cairo and subsequent virtual meetings with Egyptian officials. The agreement focuses on policies and reforms needed to complete the third review of the loan, initially agreed upon in December 2022. The IMF acknowledged that Egypt's efforts to restore macroeconomic stability have improved economic conditions, though the regional environment remains challenging. The IMF emphasized the necessity of tight monetary conditions to curb inflation and the importance of a flexible exchange rate in Egypt's economic strategy. #IMF #Egypt #MarketUpdates #Africa #EconomicStability #ForeignLoan #Macroeconomics #Inflation Photo: Cairo, Egypt | Wael El Sisi via Wikimedia Commons.

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An interesting discussion yesterday with Hussein Sayed, CFA, CMT and Randa KHECHA on CNBC Arabia on the change in settlement structure in US equities from T+2 to T+1. In our opinion, and with evidence from the change in India last year, this should have a positive impact on trading volumes in the market beyond the near term. In the next few days, as market participants get used to the change, liquidity may be impacted as more cash is arranged for until everyone 'settles' into the new rhythm. We are already seeing this play out in some strange moves in markets this week. While there will be impact on foreign investors as they have to plan better for their Fx transactions that go along with their US equity trades and back office teams needing to work longer hours, a more important impact will be on stock borrowing and lending transactions as the window to recall stock borrow narrows. Beyond this week, this change will hopefully only be looked at as a positive development and an improvement in market infrastructure as the world moves towards a T+0 settlement environment. https://lnkd.in/dWZaMAHg

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