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/.

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