MBH on syndicated EGP 4.35 billion loan to developer
Matouk Bassiouny & Hennawy (MBH) acted as legal counsel to a syndication of banks in connection to an EGP 4,35 billion syndicated loan. The institutions involved include First Abu Dhabi Bank Misr, Emirates NBD Egypt, Abu Dhabi Commercial Bank-Egypt, Arab Bank Egypt, Housing and Development Bank, Egyptian Gulf Bank, Midbank, and Al Baraka Bank Egypt. Saudi Egyptian Developers (SED) are the recipients of the funds.
This financing will support SED’s real estate development projects across Egypt, reinforcing its position in the market. The successful closing of this loan underscores the continued confidence in Egypt’s real estate sector and the strength of collaborative efforts among major banking institutions.
MBH’s Team
MBH advising team was led by regional managing partner Mahmoud Bassiouny (group head of Projects and Finance, pictured-left) and senior associate Iman Nassar (pictured-right).
