Adsero advised Sylndr Egypt, an Egyptian used-car online marketplace, on securing an EGP 370 million working capital facility from a group of lenders. The lenders comprised EFG Corp-Solutions, the leasing and factoring arm of EFG Holding,
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Adsero acted as local counsel regarding Egyptian law for the European Bank for Reconstruction and Development (EBRD) on signing an extension loan agreement of EGP 341 million with Abou Ghaly Motors (AGM). This loan will support
Adsero – Ragy Soliman & Partners acted as Egyptian local counsel to Telecom Egypt, the country’s full-service telecom operator, on a USD 200 million loan granted by Banque Misr UAE as lender, mandated lead arranger, and
ADSERO – Ragy Soliman & Partners served as the Egyptian Local Counsel to the Egyptian Ministry of Finance (MOF) in the issuance of RMB-denominated bonds, commonly known as “Panda Bonds,” in the Chinese market. The issuance,
The National Telecom Regulatory Authority (NTRA) has accepted Telecom Egypt’s financial and technical offer to obtain an additional 5MHz of spectrum in the 1800MHz band using FDD technology. The 10-year spectrum allocation was competitively
The Sovereign Fund of Egypt (“TSFE”) has established a Joint Venture with Etisalat Egypt by e& to launch the new company Erada Microfinance with the goal
Abou Ghaly Motors (“AGM”), specialists in the automotive industry in Egypt, has successfully secured a finance extension from The European Bank for Reconstruction and Development (“EBRD”) to finance AGM’s fleet of range-extended electric vehicle
Valu, a buy-now-pay-later (“BNPL”) lifestyle enabling fintech platform and a subsidiary of EFG Hermes Holding, has successfully acquired Paynas, a FinTech and digital HR platform. The transaction falls in line with Valu’s
