Matouk Bassiouny & Hennawy Advised EBRD On EUR 25 Million Financing Package To Arabian Cement Company
MBH advised EBRD on a EUR 25m financing package to Arabian Cement Company supporting decarbonization.
Matouk Bassiouny & Hennawy advised EBRD on EUR 25 million financing package to Arabian Cement Company
The premier full-service MENA (Middle East and North Africa) law firm Matouk Bassiouny & Hennawy (MBH) acted as legal counsel to the European Bank for Reconstruction and Development (EBRD) on a financing package of up to EUR 25 million extended to Arabian Cement Company (ACC), a leading cement producer in Egypt.
The financing package is aimed at reducing carbon-intensive production and advancing ACC’s decarbonization initiatives. It targets annual CO₂ emission reductions of around 130,000 tonnes by expanding alternative fuel injection capacity, supporting automation and industrial upgrades, and introducing Egypt’s first energy-efficient hydrogen injection system to enhance combustion efficiency and reduce fossil fuel consumption.
The MBH team advising on the transaction was led by Sherif El Hosseny (Partner and Head of Aviation) and included Habiba Gamaleldin (Associate).
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