MBH Advised EBank's EGP 2 Billion Deal for Port Expansion

MBH Advised EBank's EGP 2 Billion Deal for Port Expansion

Matouk Bassiouny & Hennawy (MBH) advised the Export Development Bank of Egypt (EBank) as lead arranger and issuing bank in a multi-bank consortium for a major financing agreement. The National Bank of Kuwait (NBK), the United Bank of Egypt, the Misr Iran Development Bank (MIDBANK), the Suez Canal Bank (SC Bank), and the Housing and Development Bank (HDB) joined EBank as co-lenders.

MBH's legal expertise played a central role in securing an EGP 2 billion medium-term facility for Abd El Salam El Feky & Partners, enabling the construction of the Grand Port of Alexandria's western breakwater and other projects crucial for bolstering Egyptian ports as global trade hubs.

The transaction advisory for this was overseen by Ashraf Hendi (Partner), with support from Iman Nassar (Senior Associate) and Habiba Gamaleldin (Junior Associate) within the MBH Team.