Al Ahly Capital completes acquisition of 94.5% of El Nada Hospital

M&A WATCH- Al Ahly Capital has completed its acquisition of 94.5% of El Nada Hospital, according to Youm7. We had picked up reports last week that suggested Al Ahly had taken over 100% of the hospital. Al Ahly — the investment arm of the National Bank of Egypt — purchased the company from a group of doctors and individual investors in an OTC transaction on the EGX. Founding partner and chairman of the hospital, Omar Abdel Aziz, will retain his position at chairman of the board.

Advisors: Our friends at investment bank Pharos’ brokerage arm executed the share transfer on the EGX, while ALC Alieldean, Weshahi & Partners acted as legal counsel to Al Ahly Capital.