We are proud to announce that we represented the Egyptian Ministry of Finance (MOF) as local legal counsel on the establishment of the first Sovereign Sukuk program of USD 5 BN. The first issuance of USD 1.5 BN attracted an over-subscription of 4X.
Our team was led by Hossam Gramon, Partner and Malak Khalil, Counsel, assisted by Karima Seyam, Senior Associate, Associates; Aya Badr, Mohamed Elshenawy, Sadeem Abdelsalam, and Junior Associates; Dina Sharshar, Hana Raouf, Yosr Allam, with the support of Osman Mowafy, Senior Partner and Ehab Fedaa, Partner.
We are delighted to have worked alongside our esteemed colleagues from Clifford Chance LLP who acted as the international counsel to the MOF, as well as Zaki Hashem & Partners, Attorneys At Law and Linklaters, who represented the joint lead managers.
We had the pleasure to work with our distinguished colleagues from Abu Dhabi Islamic Bank - مصرف أبوظبي الإسلامي, Citi, Crédit Agricole, Emirates NBD بنك الإمارات دبي الوطني, FAB and HSBC, the joint lead managers.
Congratulations to the Ministry of Finance and to all parties involved on this historical transaction!