In 2021, some of our team members led a multi-billion Egyptian pound complicated
transaction involving 76% of the capital of Arab Investment Bank by EFG
Hermes and the Sovereign Fund of Egypt.

Being a bank incorporated by virtue of a specific law under the Federation of Arab Republics, extensive legal research was conducted and specific
high-level approvals from the President of the Republic of Egypt, the Egyptian Cabinet and the Central Bank of Egypt were required.

The transaction was structured as a capital increase to increase the paid-in capital of the bank to EGP5 billion, making it compliant with the regulatory requirements of the Egyptian Banking Law.