MBH with Al Ahly Tamkeen on securitization transaction

Matouk Bassiouny & Hennawy (MBH) advised Al Ahly Tamkeen in connection with an EGP 881.5 million securitization transaction.

The context

For Al Ahly Tamkeen – the microfinance arm of the National Bank of Egypt – the transaction represents the third overall issuance and the first issuance under its multiissuance securitization program, with an aggregate value of EGP 6 billion.

The MBH team

Partner and head of capital markets Mohamed Abdel Fattah (pictured left) led the MBH team on the securitization alongside partner Imane Raouf (pictured right). The team further included senior associate Abdelrheem Ashraf and associate Mariam Goubran.

Morever, Al Ahly Pharos acted as the financial advisor in the transaction, with further contribution from Baker Tilly as the Auditor,  Ahly for Securitization Company as the Securitization Company, and Middle East Rating & Investors Service (MERIS) as the rating agency.