We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to syndication of prominent banks in connection with an EGP 4,350,000,000 syndicated medium-term financing granted by a collaboration of top financial institutions, including First Abu Dhabi Bank Misr (“FABMisr”), Emirates NBD Egypt, Abu Dhabi Commercial Bank – Egypt (“ADCB”), Arab Bank Egypt, Housing and Development Bank, Egyptian Gulf Bank (“EG Bank”), MIDBANK, and Al Baraka Bank Egypt to the Saudi Egyptian Developers (“SED”).

This financing will support SED’s ambitious real estate development projects across Egypt, reinforcing its position in the market. The successful closing of this financing underscores the continued confidence in Egypt’s real estate sector and the strength of collaborative efforts among major banking institutions.

The team advising on the matter was led by Mahmoud Bassiouny (Regional Managing Partner – Group Head of Projects and Finance) and Iman Nassar (Senior Associate).

For more about Matouk Bassiouny, please check out our website at https://matoukbassiouny.com/