Ahmed Bekheit

Ahmed Bekheit

Local Partner, Cairo
Ahmed Bekheit
Ahmed Bekheit

Ahmed Bekheit

Local Partner, Cairo
Ahmed Bekheit

Biography

Ahmed is a local partner based in Cairo.

Ahmed has a range of experience advising Egyptian and international clients in connection with general corporate matters and transactions including mergers and acquisitions and capital market. He also advises clients on several commercial and regulatory matters.

Experience

Ahmed's representative transactions include:

Capital Markets – Egypt & KSA – only transactions brought to successful closing  

  • Gourmet Egypt on its EGP 1.2 billion IPO on the Egyptian Exchange.
  • OTMT, Orascom Financial Holding's major shareholder, on an entire share swap mandatory tender offer with B Investment, being the first-of-its-kind on Egyptian Exchange.
  • J.P. Morgan Saudi Arabia, Goldman Sachs Saudi Arabia, EFG Hermes Saudi and SNB Capital as joint financial advisors, joint bookrunners and joint underwriters, SNB Capital as lead manager on USD 1.1 billion IPO of ADES Holding on the Main Market of the Saudi Stock Exchange.
  • Saudi Aramco on its SAR 96.0 billion/USD 25.6 billion IPO on the Main Market of the Saudi Stock Exchange.
  • EGX listed Middle East Glass on its capital increase via rights issue and debt-to-equity conversion.
  • stc on its SAR 12.0 billion/USD 3.2 billion fully marketed secondary offering—the first-of-its-kind on the Main Market of the Saudi Stock Exchange.
  • Riyadh Cables on its SAR 1.4 billion/USD 378.4 million IPO on the Main Market of the Saudi Stock Exchange.
  • Nayifat Finance on its SAR 1.1 billion/USD 317.6 billion IPO on the Main Market of the Saudi Stock Exchange.
  • Macro Group Pharmaceuticals on its EGP 1.3 billion IPO on the Egyptian Exchange.
  • CIRA on its EGP 1.3 billion IPO on the Egyptian Exchange.
  • Egyptian sportswear company on its IPO on the Egyptian Exchange. **
  • IDH on its USD 668 million IPO on London Stock Exchange. **
  • Egypt leading cement manufacturing company on its IPO on the Egyptian Exchange. **
  • The largest EGX-listed healthcare company on its capital increase via rights issue. **
  • EGX-listed company in relation to its corporate restructuring, through a mandatory tender offer exemption. **
  • Private equity firm on its mandatory tender offer of a majority stake in an Egyptian food manufacturing company. **
  • An EGX-listed pharmaceuticals company in relation to its corporate restructuring, through a mandatory tender offer. **
  • Private equity firm on its mandatory tender offer of a majority stake in an Egyptian listed company. **

Corporate/M&A – Egypt & KSA

  • ASFAR, Saudi PIF portfolio company, in its subscription for a stake in Rocky Mountains for Travel & Tourism LLC, a fast-growing Saudi travel, tourism and outdoor adventure company that operates under the brand 'Husaak.'
  • Leading Egyptian private equity firm, B Investments on its subscription for new shares in Scientific Research, Education and Development Corporation S.A.E. that operates the branches of University of East London, University of Central Lancashire and University of Central Lancashire in Egypt.
  • Admaius, an Africa-focused private equity firm, on their subscription for a stake in Minapharm, a publicly traded leading biopharmaceutical company in Egypt.
  • Spark Education Platform, managed by EFG Hermes Private Equity, on its acquisition of Qimam El Hayat International School in Riyadh.
  • Saudi Education Platform, managed by EFG Hermes Private Equity, on signature of SPA to acquire four schools in Saudi Arabia, two schools in the UAE and one school in Bahrain, owned by Britus Education, managed by GFH Financial Group Private Equity.
  • El Kalla family, the major shareholders in CIRA Education (a leading publicly traded k-12 and higher education service provider in Egypt), with regards to the subscription by Saudi PIF for a significant minority stake in CIRA and the joint venture with PIF in Saudi Arabia.
  • Leading Egyptian private equity firm, B Investments and Saudi mogul Abdel Moneim Al-Rashed on their divestment from Giza Systems S.A.E. and Giza Saudi Arabia, a leading digital transformation enabler and systems integrator across MEA to solutions by stc Solutions, at a total equity valuation of USD 139 million.
  • Leading Egyptian private equity firm, B Investments on its acquisition of El Ezaby Pharmacy, the largest pharmacy chain in Egypt.
  • Egypt Education Platform, managed by EFG Hermes Private Equity, in relation to its acquisition of a majority stake in Selah El Telmeez, the famous 60 years old legacy K-12 education brand.
  • Gemini Global Development, and its major shareholder, Ora Developers, on Abu Dhabi's Chimera subscription for shares in Gemini.
  • The founders of Hayah International Academy in relation to the acquisition by Egypt Education Platform, managed by EFG Hermes Private Equity, of their entire stake.
  • The founders of AIA Educational Services in relation to the acquisition by Egypt Education Platform, managed by EFG Hermes Private Equity, of majority stake in AIA.
  • Tokio Marine on its partial divestment from its life insurance subsidiary—Tokio Marine Egypt Family Takaful.
  • AfricInvest on its acquisition of a minority stake in the key player in the smart cards and payment solutions market in the Middle East and Africa. 
    Hassan Allam Holding on its acquisition of a majority stake in a water treatment company.
  • Leading Egyptian private equity firm, B Investments in connection with the acquisition of a majority stake in Gourmet Egypt, a leading grocery stores chain in Egypt.
  • Suez Canal Authority on its joint venture with Dubai Ports and advising it on granting usufruct to the joint venture company.
  • The largest Egyptian agricultural company on its acquisition of a majority stake in the largest maize products company in Egypt. **
  • DPI on its acquisition of a majority stake in a major manufacturer of plumbing related products in Egypt. **
  • Canadian company on its acquisition of a majority stake in the largest Egyptian pharmaceuticals company. **
  • Private equity firm on its acquisition of a healthcare provider in Egypt. **

**Deal experience gained while at another Firm.

Egypt
LLB
English Section
Cairo University
Arabic
English

Service areas