LegalcommunityMENA

Matouk Bassiouny & Hennawy (MBH ) advised Al Ahly Capital Holding – Tamkeen (Al Ahly Tamkeen) on their EGP 760 million securitization transaction. This transaction represents the second issuance of Ahly for Securitization Company’s second securitization program amounting to an aggregate of EGP 2 billion. The MBH team advising on the securitization was led by Mohamed Abdel Fattah (partner and head of capital markets, pictured), and Imane Raouf (partner). Further, it included Khaled Abd-Elwahab (senior associate), Esraa Mohamed (senior associate), Abdelrheem Ashraf (associate), and Habiba El Naggar (associate). Al Ahly Pharos was also involved in the transaction as the financial advisor, Baker Tilly as the auditor, Ahly for Securitization as the securitization company, and Middle East Rating & Investors Service (MERIS) as the rating agency. #LegalcommunityMENA #operation #lawfirm #lawyers Read the full article --> https://lnkd.in/dX_Sqyjz 

Barakat Maher & Partners in association with Clyde & Co has advised Capital for Securitization on the EGP 1,78 billion securitization bonds issuance for the mortgage portfolio of Bedaya Mortgage Finance (Bedaya). The Financial Regulatory Authority approved the issuance on 25 December 2024. EFG Hermes acted as the financial advisor, lead arranger, and underwriter, Abu Dhabi Commercial Bank acted as the custodian and Commercial International Bank acted as the Subscription Receiver. The Barakat Maher & Partners in association with Clyde & Co team was led by partner Mostafa Elsakka. He was supported by associates Walid Enany, Omar Mahmoud and Mahmoud Toraya. #LegalcommunityMENA #operation #lawfirm #lawyers Read the full article --> https://lnkd.in/dKr9GmiP

Dreny and Partners advised GB Lease & Factoring 1st securitization transaction of their 11th multi-issuances program for their financial leasing portfolio amounting to EGP 1.82 Billion. The operation is part of a wider 3-year multi-issuance program with a total value of EGP 15 billion. CIB and CI Capital acted as the financial advisors and lead arrangers of the transaction. Furthermore, CIB Bank, Arab African International Bank, National Bank of Egypt (NBE) and Banque du Caire were underwriters, CIB Bank the custodian, and Banque du Caire the bookrunner of the transaction. Additionally, Fathalla & Co. United Accountants and Ahmed Yehia Auditors were the official auditor for the transaction. D&P team includes: managing associate Metwally Sweify, associate Aya Khaled and junior associate Abdelrhman Amgad. From the capital markets procedures team: head of capital market procedures team Nagy Ebeid and associate Mohamed Youssef. #LegalcommunityMENA #operation #lawfirm #lawyers Read the full article --> https://lnkd.in/dR6GCThe

Helmy, Hamza & Partners - Baker McKenzie Cairo has advised Suez Wind Energy, a joint venture between ACWA Power and Hassan Allam Utilities, on the USD 1.1 billion financing secured to develop a 1.1 GW wind farm located in Egypt’s Gulf of Suez. Baker McKenzie’s team in Cairo was led by partner Mohamed Elharmy (banking and projects, pictured). Further, it included associate Omar Mahmoud (banking and projects), partner Ghada El Ehwany (corporate/commercial), counsel Mohamed ElFar (competition), and associate Marah Korraa (corporate/commercial). #LegalcommunityMENA #operation #energy #lawfirm #lawyers Read the full article --> https://lnkd.in/dTMQxTCn

AS&H Clifford Chance advised Ma'aden on the acquisition of an additional 25% stake in MWSPC from Mosaic Phosphates. In exchange Ma’aden will issue new shares to Mosaic representing approximately 2.92% of its entire issued share capital. The AS&H Clifford team advising Ma’aden was jointly led by partners Mansoor Alhagbani (pictured right) and Omar Rashid (pictured left). Further, it was supported by associates Haifa Al Damegh, Noura Al Assaf, and senior associate Muhammad Ansab, all based in Riyadh. Counsel Selman Ansari, also based in Riyadh, led on the anti-trust aspects of the transaction. Read the full article >> https://lnkd.in/dCUbiNn5 #LegalcommunityMENA #legaladvisor #acquisition

Dreny and Partners advised Al Ahly Leasing & Factoring Company, NBE Subsidiary company on its 2nd securitization transaction of the 3rd multi-issuances program for their financial leasing portfolio amounting to EGP 878 Million. The operation is part of a wider 3-year multi-issuance program with a total value of EGP 4 billion. D&P Team includes: managing associate Metwally Sweify (pictured), associate Youssef Bayoumi and junior associate Farah Younes. From the Capital Markets Procedures team: head of capital market procedures team Nagy Ebeid and Associate Mohamed Youssef. Read the full article >> https://lnkd.in/dDJsxMTb #LegalcommunityMENA #legaladvisor #securitization

As of 1 January 2025 Matteo Grassani CFE MSc (in photo) will be the new general counsel of Zahid Group a Saudi group operating in various sectors, including construction, mining, oil and gas, agriculture, energy, transport and logistics, real estate, tourism, waste management and recycling, and hospitality. Read the full article >> https://lnkd.in/dDVxh9SQ #LegalcommunityMENA #appointment

Helmy, Hamza & Partners - Baker McKenzie Cairo has acted as transaction counsel in the initial public offering (IPO) of the United Bank, which is primarily owned by the Central Bank of Egypt, on the EGX (Egyptian Exchange). The private placement oversubscribed 6x and the public tranche 59x, reflecting robust investor confidence and demand. Based on its IPO offer price of EGP 13.85 per share, the Bank has an implied market capitalization of EGP 15.235 billion, making this Egypt’s largest IPO since 2021. The Baker McKenzie team was led by Hani Nassef (pictured left) with support from counsel Mohamed Abdelhalim and senior associate Omar Zaki. Managing partner Mohamed Ghannam (pictured right) has provided strategic advice and guidance, while partner Megan Schellinger provided US law advice. Transaction support was provided by of cousel Hesham Zahran, counsels Mohamed Hafez, Zeinab Shohdy and Ghada El Gharib, associates Milad Fayez, Ahmed Shehata, Peryhane Gawish, Hayna Abdelrahim, Chirouette Elmasry, Noor El-Gohary, Hania Meshref, Noureldin Elhayatmy, Hala Mohamed and Omnia Osman, as well as Hanna Ahmad and Omar Mahmoud. Read the article >> https://lnkd.in/dKQb9iKX #LegalcommunityMENA #legaladvisor #IPO

Helmy, Hamza & Partners - Baker McKenzie Cairo office, has acted as the sell-side legal advisor to Raya Holding and Raya Data Centre (RDC) in a USD 15 million investment by Africa50. The investment, which is pending regulatory approval, will bolster RDC’s operations and fund the development of a greenfield tier III data center in Egypt. The Baker McKenzie Cairo team was led by partner Hani Nassef (pictured), counsel Zeinab Shohdy, and associate Hayna Abdelrahim. Read the article >> https://lnkd.in/dfWpGBEz #LegalcommunityMENA #legaladvisor #investment

Dreny and Partners advised the closure of One Finance Consumer Finance’s second securitization transaction for their consumer finance portfolio, amounting to EGP 679 million. This transaction is part of a wider 3-year multi-issuance program with a total value of EGP 3 billion. The issuance was backed by a receivables portfolio originated by One Finance company, and was comprised of three tranches: Tranche A amounting to EGP 198.9 million rated (P1), Tranche B valued at EGP 244.4 million rated (AA), Tranche C valued at EGP 235.7 million rated (A) by the Middle East Ratings and Investors Service (MERIS). D&P Team included: senior associate Sherine El Menyawy, associate Aya Khaled and junior associate Farah Younes. From the Capital Markets Procedures team: head of capital market procedures department Nagy Ebeid and associate Mohamed Youssef. Read the full article >> https://lnkd.in/dSTfiXxf #LegalcommunityMENA #legaladvisor #securitization