Matouk Bassiouny & Hennawy Advised Ferchem Egypt Fertilizers On Merger And EGX Main Market Listing

Matouk Bassiouny & Hennawy advised Ferchem Egypt Fertilizers on merger and EGX main market listing

The premier full-service MENA (Middle East and North Africa) law firm Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Ferchem Egypt Fertilizers and Chemicals (“Ferchem”) in connection with the successful merger of Aswan Fertilizers and Chemical Industries and Abu Zaabal Fertilizers and Chemical Company within Ferchem, increasing the company’s issued capital to EGP 800 million.

This milestone marked Ferchem as the first company to transition from the Small and Medium Enterprises (SME) Exchange to the main market of the Egyptian Exchange (EGX), in accordance with Article 44 bis (1) of the Listing Rules, at an opening price of EGP 45.61 per share, reflecting a total market value of EGP 18.24 billion.

The MBH team advising on the transaction was led by Mohamed Abdel Fattah (Partner and Head of Capital Markets), with support from Mohamed Galal (Counsel), Mohamed Qabel (Senior Associate), and Mohamed Hany (Associate).

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