Barakat, Maher & Partners in association with Clyde & Co appointed on Egypt’s sporting fund

Barakat, Maher & Partners in association with Clyde & Co has been appointed as legal advisor to Estadat Sports Investment on the launch of the Waad Fund (the “Fund”). This innovative Fund aims to foster and qualify athletic talent in preparation for the 2028 and 2032 Olympic Games, aligning with the Egyptian government's efforts to enhance the country's athletic capabilities.

In partnership with Al Baraka Capital, Estadat Sports Investment seeks to raise EGP1 billion over the next four years, supporting Egypt's vision for a robust sports infrastructure and nurturing talented athletes.
The Barakat, Maher & Partners in association with Clyde & Co team will be led by partner and head of capital markets – Egypt, Mostafa Elsakaa. 

Mostafa comments, “This Fund is a pioneering initiative that demonstrates a commitment to empowering Egyptian athletes. We are working closely with all stakeholders to prepare the Fund's portfolio and necessary documentation for submission to the Egyptian Financial Regulatory Authority, ensuring compliance with regulatory requirements.” 

Two years since opening our Cairo office, our team has established itself as a transactional powerhouse, advising local and international businesses across a wide range of sectors. We have successfully handled complex M&A transactions, including advising on the first merger in Egypt’s private sector insurance industry, as well as handling private equity, anti-trust, competition, regulatory and corporate matters. Our teams expertise also extends to joint ventures (JVs), restructurings, separations and carve-outs, together with initial public offerings (IPOs) and securitization deals including three closings for Capital for Securitization on the mortgage portfolio of Bedaya, the third issuance valued at  EGP 1,780,500,000 on 25 December 2024 and the first two issuances, valued at EGP 843 million on 29 December 2023 and EGP 1,415,500,000 on 10 October 2024.The team has proven capabilities in FinTech, venture capital, artificial intelligence (AI) and financial non-banking services. The Cairo office is also active in employment, and 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.