Matouk Bassiouny & Hennawy | View firm profile
We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Tamweely Financial Services in connection with an EGP 1,155,000,000 securitization transaction.
The securitized portfolio consisted of microfinance contracts, representing the second issuance of AlAhly’s fifth securitization program, which has an aggregate value of EGP 5,000,000,000. This transaction marks another milestone in Tamweely Financial Services’ efforts to enhance liquidity and support the growth of the microfinance sector in Egypt.
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).
Al Ahly Pharos acted as the financial advisor, Baker Tilly as the auditor, Al Ahly for Securitization as the securitization company, and Middle East Rating & Investors Service (“MERIS”) as the rating agency.
We would like to extend our gratitude to all stakeholders involved and our dedicated team, whose hard work and commitment made this transaction possible. This landmark deal highlights our commitment to fostering innovation in the financial sector and supporting the growth of the microfinance sector in Egypt.
For more about Matouk Bassiouny, visit https://matoukbassiouny.com/.