D&P with Tamweel on EGP 1,7 billion securitization

Dreny & Partners (D&P) advised Tamweel Mortgage securitization transaction for their mortgage finance portfolio amounting to EGP 1,7 billion, which comes as part of a wider 3-year multi-issuance program with a total value of EGP 5 billion.

CIB Egypt, Al Ahly Pharos, and CI Capital Holding acted as the financial advisors and lead arrangers. Arab African International Bank, Banque du Caire, CIB Egypt, and National Bank of Egypt (NBE) were the underwriters. Banque du Caire acted as bookrunner, CIB Egypt as custodian, while Baker Tilly Hilal & Abdel Ghaffar as the official auditor for the transaction.

Dreny & Partners’ team

D&P advised Tamweel Mortgage on structuring the securitization in compliance with the FRA regulations. The law firm acted with a team including senior associate Sherine El Menyawy (pictured right), managing associate Metwally Sweify (pictured left), associate Aya Khaled, and junior associate Farah Younes, head of capital market procedures department Nagy Mostafa Ebied and associate Mohamed Youssef (both capital market).