Matouk Bassiouny

We are pleased to announce that Matouk Bassiouny & Hennawy acted as the legal counsel to a syndication of four Egyptian banks led by CIB Egypt , and included, National Bank of Egypt (NBE) , Abu Dhabi Commercial Bank - Egypt and Al Baraka Bank Egypt in connection with a syndicated financing granted to Ora Developers Egypt of up to EGP 7 billion. The financing aims to cover a portion of the investment costs for the “Zed East” project, a large-scale urban service development covering 334 feddans in New Cairo. The MBH team advising on the matter was led by Mahmoud Bassiouny (Regional Managing Partner and Group Head of Projects and Finance) and included Iman Nassar (Senior Associate). For more about Matouk Bassiouny, please check out our website at https://lnkd.in/dFNRaKX

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as the lead legal counsel to AXA Egypt in connection with its strategic partnership agreement with Post For Investment to establish Egypt’s first microinsurance company in line with the new unified insurance law.   The partnership aims to offer more financial inclusivity and broader insurance models for different societal segments and assist the financially vulnerable. Within the first decade of operation, the company aims to reach 12 million customers, underlying their commitment to make a significant impact on the lives of Egyptians through tailored insurance solutions.   The MBH Team advising on the matter was led by May Elshaarawy (Partner) and included Abdelaziz Elshaarawy (Associate). To learn more, please visit www.matoukbassiouny.com

Together, legal mavens launch The Lawyers' Advocates MEA ("TLA"); a premier yearly convention that brings together legal professionals from various backgrounds to exchange ideas, improve procedures, and promote communication across jurisdictions. Last week, Omar Bassiouny our Founding Partner and Group Head of Corporate M&A and one of the founding members of TLA Steering Committee spoke on law firms' financial management, diverse legal systems, cultural differences, regulatory compliance, talent acquisition, and building global networks in the "Expanding Globally and Managing Growth: Strategies for Law Firms" panel.

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Palm for Urban Development and Palm Hills Developments on a syndicated long-term financing granted by Banque Misr, National Bank of Egypt (NBE), Banque du Caire, Emirates NBD, Al Ahli Bank of Kuwait - Egypt, Al Baraka Bank Egypt, and Industrial Development Bank for an amount of up to EGP 10,300,000,000 to accelerate the development of Badya City, Egypt’s first sustainable and smart city in Western Cairo. This transaction marks the largest financing granted to a private-sector real estate developer in the Egyptian market. The MBH team advising on the matter was led by Mahmoud Bassiouny (Regional Managing Partner and Group Head of Finance & Projects), and Iman Nassar (Senior Associate). For more about Matouk Bassiouny, please check out our website at https://lnkd.in/dFNRaKX

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Catalyst Partners in connection with the establishment of Egypt’s first Special Purpose Acquisition Company (“SPAC”) according to resolution No. 2323 of 2024. This significant milestone follows the issuance of the Financial Regulatory Authority FRA (“FRA”) board of directors’ resolutions No. 140 and 148 of 2024. Egypt’s first SPAC will be named Catalyst Partners Middle East (“CPME”), and has been established with an issued and paid-up capital of approximately EGP 10 million. CPME will focus on acquiring companies in the non-banking financial services and financial technology sectors, with a particular emphasis on companies engaged in finance, diverse financial services, and payment platforms. The MBH team advising on the transaction was led by Mohamed Abdel Fattah (Partner and Head of Capital Markets) and included Khaled Abdelwahab (Senior Associate). Head of Capital Markets, Mohamed Abdel Fattah, commented saying: “The FRA amendments contribute to removing all obstacles that stood in the way of establishing SPAC companies, and it is expected that the coming period will witness the establishment of more SPACs, which in turn will enhance the activity of acquisitions and mergers on the Egyptian Stock Exchange, and open the door to institutions, funds, and investors with strong financial solvency in pumping more investments into companies that have growth opportunities.” For more about Matouk Bassiouny, check out our website at https://lnkd.in/dFNRaKX. 

Matouk Bassiouny is co-sponsoring Business France’s second edition of Egypt Business Forum. The Forum will cover vital topics, including new collaborations, Egypt’s economic outlook, green opportunities, and strategic partnerships, and facilitate direct business interactions through B2B meetings in France, taking place on September 30th in Paris and October 1st in Marseille. Join our Partner, Nahla Djabi, as she discusses the challenges, opportunities, and best practices for doing business in Egypt alongside an esteemed panel featuring: ·Mr. Pascal Furth, Head of the Economic Department, Embassy of France in Egypt. ·Mr. Hossam Heiba, Chairman, General Authority for Investment and Free Zones (GAFI). ·Ms. Sally Zikri, Chief Financial Officer, Decathlon Egypt. ·Mr. Emad El Sonbaty, Chairman, CCIFE - French Chamber of Commerce and Industry in Egypt. For more information, please visit https://lnkd.in/dXzV2aUP. #EgyptBusinessForum #BusinessFrance

Matouk Bassiouny is co-sponsoring this year’s Airline Economics Growth Frontiers Dubai Conference (“Airline Economics”) with our Aviation team in attendance from September 30 to October 2. The conference gathers industry leaders to discuss emerging trends and challenges in the aviation industry. Our Delegation: • Sherif El Hosseny (Partner and Head of Aviation) • Nadia Abdallah (Counsel) • Nourhane Hamdy (Senior Associate) Nadia Abdallah will discuss the intricacies and recent developments in repossessions on the “Dealing with Asset Repossession.” panel on Tuesday, October 1, in the Main Ballroom of the Ritz Carlton Dubai Beach Hotel. We hope to see you there and invite you to reach out for a conversation during the event or to connect with any members of our delegation if you would like to schedule a meeting. #airlineeconomics #aviation #AEdubai24 #airline

In less than a week, the International Bar Association’s Annual Conference will be held in Mexico City, September 15th-20th. Meet our delegation: Omar Bassiouny (Founding Partner and Group Head of Corporate and M&A) F. John Matouk (Founding Partner and Group Head of Dispute Resolution) Matt Shannon (Head of Business Development North America) We look forward to seeing you in Mexico! #IBA2024

We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Connect Money, a leading Egyptian fintech startup, in connection with the regulatory aspect of the approval request with the Central Bank of Egypt (“CBE”), providing regulatory advisory services, drafting, negotiating, and reviewing the relevant contracts with Banque Misr (“BM”) and other stakeholders. The MBH team advising on the transaction was led by Mohamed Essam (Partner and Head of FinTech and ECVC) and included Dina Kamel (Associate). For more about Matouk Bassiouny, check out our website at https://lnkd.in/dFNRaKX. 

We are pleased to share Matouk Bassiouny & Hennawy’s (“MBH”) contribution to Chambers and Partners Oil, Gas, and the Transition to Renewables 2024 Global Practice Guide in Egypt. This guide focuses on Egypt's latest legal information on the oil and gas industry as well as the measures taken to transition to renewables. The guide covers the general structure of hydrocarbon ownership and regulation, private investment in hydrocarbons (upstream and downstream), foreign investment, environmental, health, and safety, impacts of energy transition, and other supplementary information and insights. Authored by Mahmoud Bassiouny (Regional Managing Partner and Group Head of Finance & Projects), Nadia Abdallah (Counsel), and Amgad Nagy (Senior Associate). Check out the guide here: https://lnkd.in/dgdE7KTU To learn more please visit our website: www.matoukbassiouny.com