We advised Tawasoa for Factoring on the successful completion of its capital increase and its subsequent transfer from the SMEs Market to the Main Market of the Egyptian Exchange (EGX).

This transaction marks a significant milestone in Tawasoa for Factoring’s growth trajectory, reflecting the company’s strong performance, continued expansion, and commitment to enhancing its position within the Egyptian non-banking financial services sector. The transfer to the Main Market further enhances the company’s market presence and provides access to a broader investor base.

The transaction was led by Ahmed Adib, Partner, and Ibrahim El Messery, Counsel, with the support of Dr. Ahmed Abdelgawad, Partner and Co-Head of M&A and Capital Markets; Ehab Feda, Partner and Head of General Corporate; Hussien Moustafa, Managing Associate; and Abdelrahman Amgad, Associate.

We extend our congratulations to Mohamed Zaghloul, Samer Daoud, Hussein Sedky, and Ahmed El Sayed, as well as our appreciation to all stakeholders who contributed to the successful execution of the capital increase. We congratulate Tawasoa for Factoring on this important achievement and look forward to witnessing its continued success and growth in the Egyptian capital markets.

For more information, check out EGX’s  coverage here.