{"id":44910,"date":"2024-10-28T10:52:58","date_gmt":"2024-10-28T10:52:58","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=44910"},"modified":"2024-10-28T10:53:38","modified_gmt":"2024-10-28T10:53:38","slug":"mbh-advises-cib-nbe-and-other-banks-on-an-egp-7-billion-syndicated-financing-granted-to-ora-developers","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/mbh-advises-cib-nbe-and-other-banks-on-an-egp-7-billion-syndicated-financing-granted-to-ora-developers\/","title":{"rendered":"MBH advises CIB, NBE and Other Banks on an EGP 7 billion syndicated financing granted to Ora Developers"},"content":{"rendered":"<p><strong>We are pleased to announce that Matouk Bassiouny &amp; Hennawy acted as the legal counsel to a syndication of four Egyptian banks led by Commercial International Bank (\u201cCIB\u201d),<\/strong><!--more--><span style=\"font-size: 1rem\">and included, National Bank of Egypt (\u201c<\/span><strong style=\"font-size: 1rem\">NBE<\/strong><span style=\"font-size: 1rem\">\u201d), Abu Dhabi Commercial Bank (\u201c<\/span><strong style=\"font-size: 1rem\">ADCB<\/strong><span style=\"font-size: 1rem\"> \u201c) and Al Baraka Bank in connection with a syndicated financing granted to Ora Developers Egypt for Real Estate Investment (\u201c<\/span><strong style=\"font-size: 1rem\">ORA<\/strong><span style=\"font-size: 1rem\">\u201d) of up to EGP 7 billion.<\/span><\/p>\n<p>The financing aims to cover a portion of the investment costs for the \u201cZed East\u201d project, a large-scale urban service development covering 334 feddans in New Cairo.<\/p>\n<p>The MBH team advising on the matter was led by Mahmoud Bassiouny (Regional Managing Partner and Group Head of Projects and Finance) and included Iman Nassar (Senior Associate).<\/p>\n<p>For more about Matouk Bassiouny, please check out our website at <a href=\"https:\/\/matoukbassiouny.com\/\">https:\/\/matoukbassiouny.com\/<\/a><\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-44910","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/44910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=44910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}