DESIGNATED BY THE EGYPTIAN ECONOMIC COURT TO LEAD THE FINANCIAL RESTRUCTURING OF HO GROUP — ONE OF THE LARGEST CORPORATE DISTRESS CASES IN EGYPT — ENCOMPASSING UNITED PHARMACISTS COMPANY, UNITED COMPANY FOR TRADING AND DISTRIBUTION, MIDDLE EAST CHEMICALS, AND UNITED COMPANY FOR DISTRIBUTION.
THE MANDATE COVERS THE STRATEGIC ASSESSMENT OF OPERATIONAL, FINANCIAL, AND ADMINISTRATIVE CHALLENGES ACROSS THE GROUP, AND THE DEVELOPMENT OF A COMPREHENSIVE RESTRUCTURING FRAMEWORK TO ADDRESS LIABILITIES EXCEEDING EGP 20 BILLION, RESTORE SOLVENCY.