MBH with Tamweely on EGP 1.155 bn securitization
Matouk Bassiouny & Hennawy (MBH) advised Tamweely Financial Services throughout completion of an EGP 1.155 bn securitization transaction.
The securitized portfolio consisted of microfinance contracts and represented the second issuance of AlAhly’s fifth securitization program, which amounts for an aggregate value of EGP 5 bn.
In connection with the operation, Al Ahly Pharos served as the financial advisor, Baker Tilly as the auditor, Al Ahly for Securitization as the securitization company, and Middle East Rating & Investors Service (MERIS) as the rating agency.
The MBH team
Partner and head of capital markets Mohamed Abdel Fattah (pictured left) and partner Imane Raouf (pictured right) led the MBH team advising on the matter, working with senior associate Abdel Reheem Ashraf, as well as associates Mariam Goubran, and Ahmed Ayman.
