Matouk Bassiouny & Hennawy | View firm profile
We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Tasaheel for Financing S.A.E. (“Tasaheel”) in connection with an EGP 5.050 billion securitization transaction. This transaction represents the first issuance of Capital’s twelfth securitization program amounting to an aggregate of EGP 20 billion, marking it as the largest of its kind in the region. It also demonstrates increasing confidence in the microfinance industry and Tasaheel as a pivotal player.
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, Russel Bedford as the auditor, Capital Securitization Company as the securitization company, and Middle East Rating & Investors Service (“MERIS”) as the rating agency.