Matouk Bassiouny & Hennawy | View firm profile
We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to the European Bank for Reconstruction and Development (EBRD) on a financing package of up to EUR 25 million extended to Arabian Cement Company (ACC), a leading cement producer in Egypt.
The financing package aims to reduce carbon-intensive production and advance ACC’s decarbonization initiatives, targeting annual CO₂ emission reductions of around 130,000 tonnes by expanding alternative fuel injection capacity, supporting automation and industrial upgrades, and introducing Egypt’s first energy-efficient hydrogen injection system to enhance combustion efficiency and cut fossil fuel consumption.
The MBH team advising on the transaction was led by Sherif El Hosseny (Partner and Head of Aviation) and included Habiba Gamaleldin (Associate).
For more about Matouk Bassiouny, check out our website at https://matoukbassiouny.com/.