Sarie Eldin & Partners Legal Advisors, in collaboration with ADI Capital, has successfully facilitated Sharia-compliant Islamic Mudarbah Syndicated Facilities totalling EGP 2.8 billion for Giza Systems and VAS Integrated Solutions, subsidiaries of Arabian Internet and Communication Services Company (solutions by STC). The consortium includes prominent banks such as Bank ABC-Egypt, Credit Agricole Egypt, Emirates NBD, Arab Bank-Egypt, Abu Dhabi Commercial Bank-Egypt, Ahli United Bank Egypt, and Al Baraka Bank Egypt.
In addition, Sarie Eldin & Partners acted as Local Legal Counsel for Abu Dhabi Islamic Bank – ADIB – Egypt and participating banks, overseeing the structuring and granting of USD 84 million Sharia-compliant Islamic Murabaha Syndicated Facilities for the same subsidiaries. Noteworthy for supporting Egypt’s strategy to encourage foreign investments, these transactions mark a significant step in the expansion and development of Arabian Internet and Communication Services Company in Egypt.
Amira Sherif, Senior Partner at Sarie Eldin & Partners, emphasized the deals’ alignment with Egypt’s economic objectives and the firm’s commitment to delivering impactful financial solutions for regional clients.