We are proud to have advised The Ministry of Finance (MOF) on Egypt’s USD 1.5 BN dual-tranche sovereign sukuk issuance, comprising tenors of three and seven years.
This milestone marks Egypt’s third-ever sovereign sukuk and first international issuance of the fiscal year.
The transaction was led by Hossam Gramon, Partner and Head of Banking and Finance, assisted by Karima Seyam, Senior Associate, and Junior Associates Nour Ossama, Malak Zaki, Mostafa Serry, and Nour El Khouly.
Congratulations to HSBC, Citibank, Dubai Islamic Bank, First Abu Dhabi Bank, and Abu Dhabi Islamic Bank for leading the issuance.
We were pleased to work alongside our colleagues at Linklaters, acting as International Counsel to the banks, as well as Ragya Omran, Partner at Zaki Hashem, together with Iten Osama, Khalid El Melligy, and Youssef Hendy, Associates at Zaki Hashem, serving as Local Counsel to the banks.
For more information, check out MOF’s coverage here.