Barakat, Maher & Partners in association with Clyde & Co advises SODIC Securitization S.A.E.

Barakat, Maher & Partners in association with Clyde & Co has advised Sixth of October Development and Investment Company (SODIC) – a company listed on the Egyptian Exchange (EGX), and one of Egypt’s leading diversified real estate developers in country and majority owned subsidiary of the consortium of Aldar Properties and ADQ, on its 100 per cent sale of SODIC’s securitization arm – SODIC for Securitization S.A.E.

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Sameh Dahroug comments: “We are delighted to have acted for SODIC on this strategic exit, which is in line with their overall and impressive strategy across Egypt. Our transactional capabilities and effective collaboration enabled us to reach a successful outcome on this intricate transaction, which played to our strengths of advising on complex M&A transactions.”

Marwa El Khodary, General Counsel of SODIC comments: “I want to express my sincere appreciation to the team at Clyde & Co in Egypt for their excellent work in helping us close the sale of our securitization company. Their expertise and deep understanding of the legal and regulatory landscape were invaluable throughout the process. Working with Sameh Dahroug has been a great experience, and his team were responsive, diligent, and always available to answer our questions and provide sound guidance. Their professionalism and attention to detail ensured a successful transaction.”

The Barakat, Maher & Partners in association with Clyde & Co team was led by partner Sameh Dahroug who was supported by associate Dalya Mahmoud, and trainee Karen Gabriel. Partner Mostafa Elsakka provided advice on disclosure-related matters.

Since the opening of the Cairo office in February 2023, the team has been a transactional powerhouse in Egypt advising local and international companies and institutions on both the debt and equity sides including a number of complex merger and acquisition (M&A) transactions, private equity, anti-trust, competition, regulatory and corporate matters, joint ventures (JVs), restructurings, separations and carve-outs together with initial public offerings (IPOs) and securitization deals and proven capabilities in FinTech, venture capital, artificial intelligence (AI) and financial non-banking services. The Cairo office is also active in employment, cross-border disputes and arbitration.

With over 30 years of experience in the Middle East and Africa (MEA), Clyde & Co is one of the largest international law firms with over 80 partners and over 540 staff operating through 10 offices and associated offices in Abu Dhabi, Cairo, Cape Town, Dar es Salaam, Doha, Dubai, Jeddah, Johannesburg, Nairobi, and Riyadh. Clyde & Co supports international and local organisations throughout the wider region with a full-service offering of local specialists across most business sectors and services of law, including commercial, commercial disputes, corporate, cyber risk, data protection & privacy, employment & immigration, finance, global recoveries, insolvency & reorganisation, intellectual property, international arbitration, projects & construction, real estate, regulatory & investigations, and technology, outsourcing & data.