Barakat, Maher & Partners & Clyde & Co Advised Capital for Securitisation: A Landmark Deal for Egypt's Mortgage Market
Barakat, Maher & Partners & Clyde & Co Advised Capital for Securitisation: A Landmark Deal for Egypt's Mortgage Market
Barkat, Maher & Partners in association with Clyde & Co provided comprehensive legal counsel to Capital for Securitisation and Bedaya Mortgage on the inaugural EGP 843 million issuance of Bedaya's groundbreaking EGP 3 billion securitization program. The Financial Regulation Authority approved the transaction on December 28, 2023.
Bedaya Mortgage Finance Co. (Bedaya) is pioneering the Egyptian mortgage market as the first non-bank provider offering seamless digital solutions for residential and commercial property financing. Established in 2019 through a joint venture between EFG Hermes, GB Capital, and Talaat Moustafa Group, Bedaya empowers individuals and businesses with innovative financial tools to achieve their property ownership dreams.
Leading the Barakat, Maher & Partners in association with Clyde & Co team was partner Mostafa Elsakka, ably supported by senior associate Moataz El Sherbini and associates Walid Enany, Dalya Mahmoud, Rana Ghorab, Omar Mahmoud, and Mahmoud Toraya.
CI Capital acted as the financial advisor and the issuance manager.
“It’s been our pleasure to have acted as Bedaya’s legal advisors on this transaction. Mostafa and the team have done an incredible job in closing this transaction in an extremely short period of time, with the same quality and best practice which is becoming a hallmark in the Cairo legal market. This transaction adds to a list of series of transactions that our Cairo office closed during 2023 and is a testament to the steady growing trust of the market in our Cairo Office expertise and capabilities,” Mohamed Barakat, Managing Partner of Cairo, stated.
Over 30 years aloft in the Middle East and Africa (MEA), Clyde & Co is a legal powerhouse in the region. With 90+ partners and 540+ legal eagles across nine offices (Abu Dhabi, Cairo, Cape Town, Dar es Salaam, Doha, Dubai, Johannesburg, Nairobi, and Riyadh), their reach spans the region like a majestic bird of prey. Clyde & Co offers a full-service legal nest with local specialists across diverse business sectors.
