Egypt

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as Egyptian legal counsel to IFC – International Finance Corporation on its first investment in a securitization transaction in Egypt. The transaction involved a securitization programme launched by GlobalCorp, structured into three tranches with distinct maturities and credit ratings. This transaction contributes to the continued development of Egypt’s securitization framework and supports the diversification of local capital markets. The MBH team advising on the transaction was led by Imane Raouf (Partner), with the support of Laila Zaki (Associate) and Mariam Goubran (Associate). We were pleased to work alongside Ashurst as international counsel on this transaction, and we extend our appreciation to all parties involved for their collaboration and efforts in bringing this milestone transaction to completion. This transaction reflects our continued commitment to supporting the growth of Egypt’s capital markets and advising on innovative and first-of-their-kind financings. For more about Matouk Bassiouny, visit https://matoukbassiouny.com/.

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal advisor to Jackson Square Aviation (Ireland) Limited (“JSA”), a global leader in aircraft leasing, in connection with its first-ever commercial aircraft lease transaction in Egypt to flyplus (formerly known as Nesma Airlines). MBH advised JSA on the delivery of an Airbus A321-200 aircraft (MSN 5922) to Egyptian carrier flyplus. The aircraft strengthens flyplus’s narrowbody fleet, providing increased capacity and efficiency for its regional and international operations, supporting Egypt's growing tourism and travel sector. This transaction was led by Sherif El Hosseny (Partner and Head of Aviation) and included Malak El Amiry (Associate), to mark a significant milestone as the inaugural entry of JSA’s leasing portfolio into the Egyptian market, expanding its footprint in the Middle East and North Africa region. #MBH #MBHAviation #AviationLaw #AircraftLeasing #Egypt #JacksonSquareAviation #JSA #NesmaAirlines # flyplus #AirbusA321 #DealAnnouncement #LegalAdvisor #MiddleEastAviation #NorthAfrica #FirstTransaction 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 Btech Trade and Btech Finance (“Btech”) in connection with an EGP 1,759,000,000 (one billion seven hundred fifty-nine million Egyptian Pounds) securitization transaction. This transaction represents the first issuance of Capital’s fourteenth securitization program amounting to an aggregate of EGP 10,000,000,000 (ten billion Egyptian Pounds). 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). CIB was also involved in the transaction as the financial advisor, Baker Tilly as the Auditor, Capital Securitization Company as the Securitization Company, Middle East Rating & Investors Service (“MERIS”) as the rating agency. We would like to extend our gratitude to all the stakeholders involved and our dedicated team whose hard work and commitment made this transaction possible. This landmark deal is a testament to our commitment to fostering innovation in the financial sector and advancing economic development. As we move forward, we remain committed to supporting the growth of consumer finance in Egypt and contributing to the empowerment of communities through access to much-needed financial resources.   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 Catalyst Partners in connection with the commencement of trading of Egypt’s first Special Purpose Acquisition Company (“SPAC”), Catalyst Partners Middle East (“CPME”), on the Egyptian Stock Exchange. The launch of CPME follows the completion of a series of strategic acquisitions, resulting in a combined issued capital of approximately EGP 3 billion. CPME commenced trading at levels above its nominal value, marking a significant milestone for the Egyptian capital markets and reinforcing the role of SPACs as an alternative vehicle for growth and acquisitions, particularly in the non-banking financial services and financial technology sectors. MBH advised on the transaction through its final stages, supporting Catalyst Partners in achieving this landmark listing within Egypt’s evolving regulatory framework. The MBH team advising on the transaction was led by Mohamed Abdel Fattah (Partner and Head of Capital Markets) and also included Mohamed Galal (Counsel) and Khaled Abdelwahab (Senior Associate). MBH is proud to have supported Catalyst Partners through this milestone and to have been part of the journey leading to the successful launch of Egypt’s first SPAC. For more about Matouk Bassiouny, visit https://matoukbassiouny.com/.