We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Banque Misr in connection with extending a medium-term financing of up to EGP 2.6 billion to Hyde Park Real Estate Development S.A.E. (“Hyde Park Developments”).

The financing is intended to cover part of the estimated investment cost for the establishment and development of the Hyde Park North Coast project, located along Egypt’s western North Coast.

Envisioned as a mixed-use development, the project will feature residential, commercial, and hospitality units, along with leisure facilities and touristic elements, across an expansive area of 240 acres.

The MBH team advising on the matter was led by Mahmoud S. Bassiouny (Regional Managing Partner and Group Head of Finance & Projects) and included Iman Nassar (Senior Associate) and Habiba El Naggar (Associate).