MBH Advises on EBank EGP 2 Bil Agreement for Port Development

Matouk Bassiouny & Hennawy (MBH) advises EBank on their EGP 2 billion medium-term facility agreement with Abd El Salam El Feky & Partners  

Matouk Bassiouny & Hennawy (MBH) provided legal counsel to the Export Development Bank of Egypt (EBank) in its role as the lead arranger and issuing bank, collaborating with the National Bank of Kuwait (NBK), the United Bank of Egypt, Misr Iran Development Bank (MIDBANK), the Suez Canal Bank (SC Bank), and the Housing and Development Bank (HDB).  

This legal guidance was integral to the successful structuring of an EGP 2 billion medium-term facility agreement extended to Abd El Salam El Feky & Partners. The financing is directed towards initiatives such as the construction of the western breakwater of the Grand Port of Alexandria and other projects aimed at enhancing Egyptian Ports’ role as a key hub in global trade. 

The MBH Team advising on the transaction was led by Ashraf Hendi (Partner, pictured), Iman Nassar (Senior Associate), and Habiba Gamaleldin (Junior Associate).