We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Touma Company for Commercial and Industrial Investments (“Toma Company”) – in alliance with Mr. Majid Samir Touma in connection in submitting a mandatory tender offer on 90% of the total shares of Dice Readymade Clothes Company LLC’ (“Dice”).

The offer resulted in Toma Company owning approximately 65% of Dice, after acquiring 544,536,182 shares of the target company’s shares (27.68%), with a total amount of EGP 435,628,945.6.

The team advising on the matter was led by Mohamed Abdel Fattah (Partner and Head of Capital Markets) and included Mohamed Galal (Counsel) and Khaled Abdel Wahab (Senior Associate).

 For more about Matouk Bassiouny, check out our website at https://matoukbassiouny.com/.