We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to B.Tech for Trade and Distribution S.A.E. (“B.Tech”) in connection with an EGP 1,560,500,000 securitization transaction. This transaction is the second issuance of Capital’s Eighth securitization program amounting to an aggregate of EGP 5 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 Esraa Mohamed (Senior Associate) and Abdelreheem Ashraf (Associate).

Commercial International Bank, Egypt S.A.E. (“CIB”) was also involved in the transaction as the financial advisor, Egyptian Gulf Bank (“EG Bank”) as the custodian, Russel Bedford as the auditor, Capital Securitization Company as the securitization company and Middle East Rating & Investors Service (“MERIS”) as the rating agency.


 

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