Dreny & Partners Successfully Closes EGP 984.5 Million Securitization Transaction for B.TECH

Dreny & Partners proudly concludes B.TECH for Trade & Distribution’s second securitization endeavor, totaling EGP 984.5 million. This transaction forms part of a comprehensive 2-year, EGP 5 billion multi-issuance program.

CIB Egypt assumed the pivotal role of financial advisor and lead arranger, accompanied by AlBaraka Capital for Islamic Financial Investments Company and Ahli United Bank as underwriters. EGBANK undertook the custodian role, with Baker Tilly Hilal & Abdel Ghaffar serving as the official auditor for the transaction.

In this endeavour, CIB Egypt’s Legal Head was pivotal as the financial advisor and lead arranger.

The accomplished team behind this milestone includes:

  • Imane Raouf (Partner, Head of Capital Markets and Financial Services Department)
  • Capital Markets Team:
    • Abdelrheem Ashraf
    • Aya Khaled
  • Capital Markets Procedures Team:
    • Nagy Mostafa Ebeid
    • Ahmed Ayman