Zulficar & Partners Advised Badr University On Bond Issuance

Zulficar & Partners Advised Badr University On Bond Issuance

Zulficar & Partners has advised Badr University in Assiut (BUA) on the issuance of Egypt's first standalone future securitization bonds for a private university. The issuance, valued at EGP 500 million, aims to finance BUA’s ambitious capital expansion plans.

EFG Hermes played a pivotal role in the transaction, serving as the Sole Financial Advisor, Transaction Manager, Book-Runner, Issue Promoter, Underwriter, and Arranger. Key financial institutions involved include Suez Canal Bank as the Subscription Bank and Underwriter, alongside Al Baraka Bank Egypt, which also acted as an Underwriter. Abu Dhabi Commercial Bank participated in the Subscription Process, while Ahli United Bank served as the Custodian. PricewaterhouseCoopers (PwC) provided Auditing Services for the transaction.

The Legal Advisory Team from Zulficar & Partners was led by Partners Ashraf Ihab and Anwar Zeidan, Head of the Capital Market and Procedures Group. The team also included Senior Associates Alyaa Rabea (formerly with the firm) and Ahmed Fares, along with Associate Mohamed Ramadan from the Procedures Group.