We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Al Ahly Capital Holding – Tamkeen S.A.E. (“Al Ahly Tamkeen”) in connection with an EGP 760 million securitization transaction. This transaction represents the second issuance of Ahly for Securitization Company’s second securitization program amounting to an aggregate of EGP 2 billion

The MBH team advising on the securitization was led by Mohamed Abdel Fattah (Partner and Head of Capital Markets), Imane Raouf (Partner), and included Khaled Abdel Wahab (Senior Associate), Esraa Mohamed (Senior Associate), Abdelrheem Ashraf (Associate), and Habiba El Naggar (Associate).

Al Ahly Pharos was also involved in the transaction as the financial advisor, Baker Tilly as the auditor, Ahly for Securitization Company as the securitization company, and Middle East Rating & Investors Service (“MERIS”) as the rating agency.


 

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