We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Noatum Maritime S.L.U (“Noatum”) – a leading multinational group in transport and logistics services, and an Abu Dhabi Ports PJSC Group company – in connection with its acquisition of a majority stake in Safina International B.V. (“Safina B.V.”), which owns Safina Shipping Services S.A.E, a leading provider of maritime agency and cargo services in Egypt and across the Middle East region.

The acquisition by Noatum marks a significant strategic development for the Spanish company to enhance its service offerings and strengthen its presence in key markets across Egypt, the Middle East, and North Africa.

Safina B.V. operates from 6 strategic locations across Egypt, including its headquarters in Cairo, providing essential services across 15 Egyptian ports, including major hubs like Sokhna, Adabiya, Damietta, Port Said, and Alexandria

The MBH team advising on the transaction was led by Omar S. Bassiouny (Founding Partner and Group Head of Corporate and M&A) and Salma El Refaie (Senior Associate).

Tamer Fawki (Partner and Head of Employment) and Nourhan Shaaban (Associate) oversaw and advised on the employment aspects of the transaction.