Egypt

We are pleased to announce that Matouk Bassiouny (“MB”) acted as legal counsel to the shareholders of InfiniLink – a Delaware-Cairo-based silicon-photonics startup specializing in high-performance optical transceiver chiplets – in connection with the company’s full acquisition by GlobalFoundries (“GF”). Following the acquisition, InfiniLink’s design expertise and portfolio of optical transceiver chiplets (iOTC), silicon-photonics capabilities, and SerDes technologies will be integrated into GF’s silicon-photonics business. The MB team advising on the transaction was led by Mohamed Essam (Partner, Head of Corporate and M&A UAE and FinTech ECVC), and included Moustafa Rizk (Senior Associate), and Ahmed Hatem (Associate). For more about Matouk Bassiouny, visit matoukbassiouny.com.

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to the National Bank of Egypt (“NBE”), together with a syndication of leading banks, including Commercial International Bank (“CIB Egypt”), Arab African International Bank (“AAIB”), Banque du Caire, Emirates NBD Egypt, and HD Bank, in connection with the first-ever syndicated loan to a Non-Banking Financial Institution (“NBFI”), Drive Finance, with a facility amount of up to EGP 5 billion. This landmark transaction marks a significant milestone for the Egyptian financial sector, enabling Drive Finance to further expand its consumer finance and factoring portfolios while reinforcing its role in shaping the future of Egypt’s financial services landscape. The MBH team advising on the transaction was led by Mahmoud S. Bassiouny (Regional Managing Partner and Group Head of Finance & Projects), and included Iman Nassar (Senior Associate), and Myriam Fahmy (Associate). 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 a syndicate of leading Egyptian banks, led by Banque Misr and comprising Banque du Caire, National Bank of Egypt, Housing and Development Bank, and Suez Canal Bank, in a landmark EGP 5.2 billion Islamic Mudarabah financing facility granted to Inertia Developments, a leading Egyptian real estate developer. The syndicate has provided a financing package of up to six years to accelerate the development of Inertia's flagship “Jefaira - Ras El-Hekma” project. This complex transaction aligns with the state's direction to diversify financial instruments. The project itself is a major integrated urban development on a 2.7 million square meter site, set to transform the area into a premier investment and tourism destination. The MBH team was led by Mahmoud Bassiouny (Regional Managing Partner - Group Head of Projects and Finance), supported by Iman Nassar (Senior Associate) and Sherouk Haiba (Associate). Engineering Consulting Group S.A. (ECG) acted as the engineering advisor, and Baker Tilly (Wahid AbdelGhaffar & Co) acted as the auditor. For more about Matouk Bassiouny, visit https://matoukbassiouny.com/.

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to EFG Corp-Solutions in connection with an EGP 3,820,000,000 securitization transaction. The securitized portfolio consisted of financial leasing contracts originated by EFG Corp-Solutions, marking another milestone in the company’s efforts to enhance liquidity and strengthen its financial position in the Egyptian market. 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). EFG Hermes was also involved in the transaction as the financial advisors, KPMG as the auditor, EFG Hermes Securitization as the securitization company, Middle East Rating & Investors Service (“MERIS”) as the rating agency. For more about Matouk Bassiouny, check out our website at https://matoukbassiouny.com/.