MBH with CIB and NBE on a 7 bln syndacated financing
Matouk Bassiouny & Hennawy (“MBH”) advises Commercial International Bank (CIB), National Bank of
Egypt (NBE) and Abu Dhabi Commercial Bank (“ADCB “) and Al Baraka Bank in connection with a
syndicated financing granted to Ora Developers Egypt for Real Estate Investment (“ORA”) of up to EGP
7 billion.
The financing aims to cover a portion of the investment costs for the “Zed East” project, a large-scale urban service development covering 334 feddans in New Cairo.
MBH team
The MBH team advising on the matter was led by regional managing partner and Group Head of Projects and Finance Mahmoud Bassiouny (pictured) and included Iman Nassar (senior associate).
