Egypt

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Btech Trade and Btech Finance (“Btech”) in connection with an EGP 1,500,000,000 securitization transaction. This transaction represents the first issuance of Capital’s fourteenth securitization, with a total aggregate value of EGP 10,000,000,000. The MBH team advising on the securitization was led by Mohamed Abdel Fattah (Partner and Head of Capital Markets), Imane Raouf (Partner), and included Abdel Reheem Ashraf (Senior Associate), Mariam Goubran (Associate) and Ahmed Ayman (Associate). Al Ahly Pharos acted as financial advisor, Baker Tilly as the auditor, Capital Securitization Company as the securitization company, and Middle East Rating & Investors Service (“MERIS”) as the rating agency. For more about Matouk Bassiouny, visit https://matoukbassiouny.com/.

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Minor International, the global hospitality leader, in connection with its landmark strategic partnership with Sunrise Resorts & Cruises to develop and manage 50 new hotels across Egypt. The partnership agreement was signed during a ceremony witnessed by Prime Minister Mostafa Madbouly and. Minister of Tourism and Antiquities Sherif Fathy at the Cabinet headquarters. The alliance also includes Sunrise’s real estate arm, Madar Developments, which will spearhead the launch of four flagship hotels in Ras El Hekma, New Zayed, and Ain Sokhna as part of the first phase of the collaboration. The MBH team advising on the transaction was led by Mariam Auda (Partner). For more about Matouk Bassiouny, check out our website at https://matoukbassiouny.com/.

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Halan for Consumer Finance (“Halan”) in connection with an EGP 3,415,700,000 securitization transaction. This transaction represents the fourth issuance under Capital’s seventh securitization program, with a total aggregate value of EGP 8,000,000,00. The MBH team advising on the securitization was led by Mohamed Abdel Fattah (Partner and Head of Capital Markets) and Imane Raouf (Partner), and included Abdel Reheem Ashraf (Senior Associate), Mariam Goubran (Associate), and Ahmed Ayman (Associate). Ci Capital and CIB acted as financial advisors, Baker Tilly as auditor, Capital Securitization Company as the securitization company, and Middle East Rating & Investors Service (“MERIS”) as the rating agency. This landmark transaction underscores MBH’s continued commitment to fostering innovation in Egypt’s financial sector and supporting access to finance across the market. For more about Matouk Bassiouny, visit matoukbassiouny.com.

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Tasaheel for Financing (“Tasaheel”) in connection with an EGP 3,748,500,000 securitization transaction, representing the third issuance under Capital’s Twelfth securitization program, with a total aggregate value of EGP 20 billion. The MBH team advising on the securitization was led by Mohamed Abdel Fattah (Partner and Head of Capital Markets), Imane Raouf (Partner), and included Abdel Reheem Ashraf (Senior Associate), Mariam Goubran (Associate) and Ahmed Ayman (Associate). Ci Capital and Al Ahly Pharos were also involved in the transaction as the financial advisors, Baker Tilly as the Auditor, Capital Securitization Company as the Securitization Company, Middle East Rating & Investors Service (“MERIS”) as the rating agency. We extend our appreciation to all stakeholders for their collaboration and trust, and to our dedicated team whose efforts were instrumental in bringing this transaction to a successful close. For more about Matouk Bassiouny, check out our website at https://matoukbassiouny.com/.