We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as the legal advisor to the Export Development Bank of Egypt (“EBank”) acting as the initial lead arranger and issuing bank in syndication with the National Bank of Kuwait (“NBK”), the United Bank of Egypt (“the United Bank”), Misr Iran Development Bank (“MIDBANK”), the Suez Canal Bank (“SC Bank”), and the Housing and Development Bank (“HDB”) in connection with an EGP 2 billion facility agreement granted to Abd El Salam El Feky & Partners.

The financing aims to establish the western breakwater of the Grand Port of Alexandria and other projects to develop Egyptian Ports to become a focal point for global trade.

The MBH Team advising on the transaction was led by Ashraf Hendi (Partner), Iman Nassar (Senior Associate), and Habiba Gamaleldin (Junior Associate).