EGYPT Law and Practice Contributed by: Mohamed Hashish, Heba El Abd and Mariam Rabie, Soliman, Hashish & Partners
Soliman, Hashish & Partners 2nd Floor, Plot No.15 Ninetieth Street, New Cairo, Egypt Tel: +202 2812 4499
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1. Trends 1.1 M&A Market
Acquiring quotas in an LLC requires a transfer agree - ment between the parties and its notarisation by a notary public, and the annotation of such transfer in the company’s corporate documents. On the other hand, a transfer of shares in a JSC involves the Egyp - tian Stock Exchange (EGX) and the Financial Regu - latory Authority (FRA) for the execution of the share transfer pursuant to the relevant laws. However, the acquisition of listed shares is either undertaken by way of a tender offer or through open-market transactions. An acquisition of a private business can be under - taken in two different ways: • spin-off (eg, horizontal spin-off) or split-off (eg, ver - tical split-off) to acquire the target business; or • assignment of the contracts that relate to the busi - ness by way of subrogation. In respect of an acquisition of assets, the structure is determined based on several elements, including the type and location of the assets and the legal system governing the company owning the assets. There are also several elements that must be taken into consideration in structuring any acquisition and disposal transactions in Egypt, such as: • the legal systems governing the target company, business or asset (if any); • the country from which the target company, busi - ness or asset will be acquired; • the location of the target company, business or asset; and
Over the past 12 months, Egypt’s M&A activity saw an increase in its deal volume, with 86 transactions com - pleted in the first half of 2025 compared to 48 during the same period in 2024, as reported by PwC in late 2025. Domestic and intra-regional transactions were the primary drivers of M&A activity in 2025, with Egypt completing 172 transactions in 2025, as reported by The top trends in Egypt in the past 12 months include deals in the financial technology, non-banking finan - cial services, healthcare and energy sectors. 1.3 Key Industries In the past 12 months, industries such as financial services, particularly non-banking financial services, tourism, real estate, infrastructure and healthcare have been the most active. Other key industries such as energy and power have been a significant source of inbound investment in Egypt, with current investments under way in renewable energy and green bonds. PwC in early 2026. 1.2 Key Trends
2. Overview of Regulatory Field 2.1 Acquiring a Company
Under Egyptian law, the process of any transaction is determined by the form of the company. In that regard, an acquisition may involve a transfer of quotas in limited liability companies (LLCs) or shares in joint stock companies (JSCs).
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