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Shalakany Successfully Submitted a Mandatory Tender Offer

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Shalakany is pleased to announce that it has successfully deposited with the Egyptian Financial Regulatory Authority (the “FRA”) on behalf of its client, Emirates Advanced investments Holding LLC, a mandatory tender offer for the acquisition of up to 100% of the shares of Alexandria New Medical Center S.A.E for an aggregate price exceeding half a billion Egyptian pounds. The Egyptian Stock Exchange (the “EGX”) announced the deposit of the offer with the FRA on June 6th, 2021.

Mr. Omar Sherif, Partner and Transaction Manager, said: “We are delighted to have been able to make this submission swiftly on behalf of our client, despite having worked on a very tight schedule. We very much look forward to closing this deal as soon as possible in light of the applicable regulatory framework.”