Ahmed El Banna

Ahmed’s experience at and prior to joining Latham includes advising:

• A confidential client on acquiring a majority stake in the largest local operator of mobile towers and associated infrastructure in the Kingdom, and the subsequent combination of the client’s mobile towers business to form the region’s largest telecom tower company 
• Maarif Education Company on acquiring the entire issued capital of Ibn Khaldoun Education Limited and the real estate portfolio of Ibn Khaldoun Schools in Riyadh
• Jadwa Investment Company on its:
  • Minority investment, through a secondary sale, in PetroApp, a Saudi-based digital fuel management platform providing solutions for monitoring, controlling, and optimizing fuel consumption, serving a wide network of individuals and businesses in the transportation and logistics sectors
  • Majority investment, through a combination of primary and secondary investments, in Makhazen Al Enaya, a prominent Saudi retail chain specializing in personal care, beauty and wellness products 
• A confidential client on divesting of its entire stake in the capital of a Saudi LLC operating in the construction sector (ongoing)
• A confidential client on its majority investment in a Saudi-based technology company specializing in AI solutions focused on preventing financial crime and money laundering (ongoing)
• The Sports Investment Company (SURJ), a portfolio company of the Public Investment Fund of Saudi Arabia, on its joint venture with the Professional Fighters League (PFL) to establish the first PFL MENA League for Mixed Martial Arts (MMA)
• Abu Dhabi Developmental Holding Company (ADQ) on a US$2 billion acquisition of stakes in five Egyptian public companies, namely Commercial International Bank (CIB), Fawry for Banking Services, Abu Qir Fertilizers, Alex Containers and Cargo Handling, and Misr Fertilizers
• Al Ahram Beverages Company (ABC), a subsidiary of Heineken Group, on an investigation initiated by the Egyptian Competition Authority (ECA) regarding alleged anticompetitive practices supposedly committed by ABC in the market of alcoholic beverages, including beer, wine, and spirits
• Al Ghurair Investment LLC (UAE) on a potential acquisition of a majority stake in Five Star Flour Mills and Five Star Feed Mills and Animal Produce by a capital increase through issuance of preferred shares
• Al Rashideen Group (UAE) on the first-ever limited tender announced by the Egyptian Industrial Development Authority on a cigarettes manufacturing license
• Amiral Group on restructuring its business, acting as international counsel managing Dutch, Lux, and BVI corporate and tax counsels
• APIS and Partners on its US$120 million indirect investment in a holding Egyptian joint stock company owning companies operating in consumer finance and microfinance sectors, Tasaheel and Halan
• Benchmark, Palm Hills Development, Hassan Allam, Emaar, and Inertia on all aspects of their real estate development projects in Egypt
• C Ventures, a venture capital arm of the Commercial International Bank (CIB), on its investment in PaySky (Cayman Islands)
• Emirates NBD Bank on the potential acquisition of Blom Bank and its four brokerage, asset-management, insurance, and life insurance subsidiaries
• First Abu Dhabi Bank (FAB) on a potential acquisition of EFG Hermes Holding through the submission of a mandatory tender offer before the Egyptian Exchange
• HAH Rising Stars, a subsidiary of Hassan Allam Holding, on its joint venture and minority investment in Naqla Startup through the indirect investment in Birdchoice Limited (the Holding company owning Naqla) by a capital increase
• Hassan Allam Construction on a potential acquisition of a majority stake in the issued share capital of CACC Cargolinx – Cairo Airport Cargo Company
• Misr Italia and People and Places for Real Estate Development as the developer of the Med real estate development in North Coast, Egypt
• Misr Technology Services on its concession with the Egyptian Customs Authority in connection with providing a gateway to the National Single Window for Foreign Trade Facilitation (Nafeza) integrated information platform in Egypt through blockchain technology
• Palm Hills Developments, a listed Egyptian joint stock company, on the joint venture with Inspired Education Group to launch the First King’s College School in Egypt
• Post for Investment, the investment arm of the Egyptian Post Authority, on a potential joint venture and acquisition of a minority stake in PaySky Egypt by a capital increase
• Rashed Al Rashed and Sons (KSA) in connection with a mandatory tender offer to acquire the entire capital of Suez Cement Company, a publicly listed company, the subsequent delisting from the EGX, and the joint venture with Heidelberg Cement
• Savola Group on a potential merger between its Egyptian subsidiaries: United Sugar Company Egypt and Alexandria Sugar Egypt, and Nile Sugar Company to form a new joint stock company
• Taaleem Management Services on a joint venture with Palm Hills Education to incorporate a joint venture company to own, manage, and operate a private university in Egypt
• Uber on laying off its employees in Egypt, following UberEats’ closure and the termination of its operations in Egypt