Al-Bedeawi and Partners Law Office has announced that they were successful in preparing all the legal documentation necessary for the closing of the sale of company shares worth LE 320 million. Founder and Managing Partner, Muhammad Al-Bedeawi aided in the facilitation of the acquisition, by drafting the sale agreement with its terms and conditions, warranties and disclosure agreements regarding the sale of Al Alamia for Industry’s shares to the ceramic and acrylic factory, Al Omara’a for Ceramic Manufacturing.
Mr. Al-Bedeawi commented: “Our dedicated team and I have worked alongside Mohamed Farahat El-Shershary, CEO of Alamia for Industry, in successfully representing the company and negotiating the legal and financial terms of the transaction. Our office initiated the involvement of a major bank with regard to securing the commitment of the terms and conditions of the contract, as well as the subsequent payment plan, all of which were unanimously agreed upon by both parties.”
It is important to note that Al-Bedeawi and Partners was fully responsible for the drafting and writing of all related contracts, specifically the contract of sale and mediation, as well as the escrow agreement that was agreed upon with the National Bank of Egypt.