Asafo & Co. worked alongside the pan-African banking group, Coris Group, in signing an agreement for the acquisition of the subsidiaries Societe Generale Mauritania and Societe Generale Chad, currently majority-owned by the Societe Generale Group.. The transaction was part of a move by Société Générale to sell its businesses in four African countries. These acquisitions […]
Banking & Finance
Egypt
Transport
Afreximbank Grants $44M Aircraft financing facility to CIAF Leasing
Afreximbank, the African Export-Import Bank, has granted a US$44 million aircraft financing facility to CIAF Leasing, a company based in Egypt. The facility aims to strengthen CIAF Leasing’s leasing operations by enabling the acquisition
Banking & Finance
Capital Markets
Egypt
Dreny & Partners on Enmaa Finance’s EGP759m inaugural securitization
Dreny & Partners acted as legal counsel in the successful completion of Enmaa Finance’s inaugural securitization transaction. The transaction involved the securitization of Enmaa Finance’s financial leasing portfolio, amounting to EGP 759 million, as
Banking & Finance
United Arab Emirates
Clifford Chance: Majid Al Futtaim issues $500 million green sukuk
Clifford Chance, an international law firm, provided legal advice to Majid Al Futtaim (MAF), a prominent conglomerate in the Middle East, Africa, and Asia, on the issuance of a US$500 million green sukuk. Majid Al
Banking & Finance
Services
United Arab Emirates
Dentons on US$500M Trust Certificates Issuance by MAF Sukuk
Dentons provided legal counsel to the managers in a successful issuance of US$500 million Trust Certificates by MAF Sukuk, an SPV incorporated in the Cayman Islands. The transaction was completed on June 1, 2023, with Citigroup, HSBC,
Banking & Finance
Capital Markets
Egypt
AUR Leasing & Factoring closes EGP1.124B securitized transaction
Dreny & Partners has acted as legal counsel on the successful closure of AUR Leasing & Factoring securitized transaction, valued at EGP 1.124 billion. This transaction is part of a comprehensive 3-year multi-issuance program with
Ashraf Abdelhamid (pictured) has been promoted to CEO, Group Legal at the esteemed National Bank of Egypt (NBE). With his new role, Abdelhamid assumes leadership of the legal function within NBE in Egypt and on
Banking & Finance
Deal & transactions
United Arab Emirates
Standard Bank and DP World to boost trade finance in
Under the legal guidance of Olivier Schwartz, Chief Legal Officer & General Counsel at DP World, and Karim El Tantawi, Head of Legal at DP World Trade Finance, supply chain solutions tycoon, DP World has
Banking & Finance
Energy & Trading
Saudi Arabia
Allen & Overy on NEOM’s USD8.4B Green Hydrogen Project financing
Allen & Overy has advised the credit providers on the financing of the groundbreaking NEOM Green Hydrogen Project in the Kingdom of Saudi Arabia, the world’s largest commercial-scale green hydrogen production facility to reach
Global law firm White & Case and The Law Office of Megren M. Al-Shaalan (LOMAS), has provided legal counsel to Banque Saudi Fransi and Bank Albilad, two leading Saudi banks, on their SAR1.8 billion Islamic
