ALC– Alieldean Weshahi & Partners has acted as a legal advisor to AUR Capital Private Equity House of Egypt, a private equity firm, for obtaining of a license from Egypt’s Financial Regulatory Authority FRA to engage in financial securitization activities. Drawing on its expertise in capital markets, the counselling team was led by ALC’s senior partner Bahaa Sholkamy (pictured) […]
The 2023 Egyptian National Rounds of the Jessup Moot Court Competition was successfully held at Shalakany Law Office’s Zamalek premises on the 17th and 18th of February 2023, with LegalcommunityMENA acting as sole Media partners. The
Matouk Bassiouny & Hennawy (“MBH”) has successfully represented a sovereign state (the “State”) in setting aside a CRCICA arbitral award worth nearly USD 1.5 billion before the Cairo Court of Appeal. This arbitral award was rendered
Capital Markets
Egypt
Real Estate, Construction & Infrastructure
MNHD closes Securitization transaction amounting to EGP 805.5m
Dreny & Partners has played a key role in the successful completion of Madinet Nasr for Housing & Development’s (MNHD) second securitized transaction, which amounted to EGP 805.5 million. This is part of a larger
Deal & transactions
Egypt
Energy & Trading
Mazghouny & Co: Scatec signs agreement with Echem and Mopco
Mazghouny & Co has assisted Scatec with signing the joint development agreement concluded with the Egyptian Petrochemicals Holding Company (Echem) and Misr Fertilizers Production Company (Mopco) for cooperation in the field of implementing green projects
Egypt has made history by issuing its first-ever sovereign Islamic sukuk, and it has proven to be a resounding success. The issuance was oversubscribed by more than 4 times, with subscriptions amounting to USD6.1 billion for
Novo Nordisk has recently appointed Mohamed Ezz Elden (pictured) as the Director of Legal, Ethics, Compliance & Quality. This appointment comes after Ezz Elden’s successful stint as the Head of Legal & Compliance and
Abu Dhabi National Oil Company for Distribution (“ADNOC Distribution”), the UAE’s largest fuel and retail distributor, has officially entered the Egyptian market after completing the acquisition of a 50% stake in TotalEnergies Marketing Egypt&
Deal & transactions
Egypt
Real Estate, Construction & Infrastructure
ALC: Palm Hills Developments closes EGP 638 mn securitization
Palm Hills Developments a real estate developer in Egypt and EFG Hermes, an investment bank franchise in Frontier and Emerging Markets (FEM), jointly successfully closed an EGP 638 million (approx. USD 20.9 million) securitized bond. The issuance’
Sue Ellen Hassouna (pictured) has recently appointed by Lafarge Cement as its Chief Legal Officer. Hassouna brings with her more than 15 years of experience in the legal profession in Egypt. Prior to her appointment, she
