We are pleased to announce that Matouk Bassiouny & Hennawy acted as the legal counsel to a syndication of four Egyptian banks led by Commercial International Bank (“CIB”), and included, National Bank of Egypt (“NBE”), Abu Dhabi Commercial Bank (“ADCB “) and Al Baraka Bank in connection with a syndicated financing granted to Ora Developers Egypt for Real Estate Investment (“ORA”) of up to EGP 7 billion.

The financing aims to cover a portion of the investment costs for the “Zed East” project, a large-scale urban service development covering 334 feddans in New Cairo.

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

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