Matouk Bassiouny & Hennawy Advised Incolease On EGP 2 Billion Securitization Issuance

Matouk Bassiouny & Hennawy advised Incolease on EGP 2 billion securitization issuance

The leading full-service MENA (Middle East and North Africa) law firm, Matouk Bassiouny & Hennawy (“MBH”) advised International Company for Leasing S.A.E. (Incolease) in connection with its inaugural securitization issuance, with a total value of EGP 2 billion under its EGP 10 billion program.

The transaction marks a significant milestone for Incolease, representing its entry into the securitization market and supporting its strategy to enhance liquidity and diversify funding sources. It also reflects strong market confidence in the quality of the underlying assets and the company’s financial standing.

Al Ahly Pharos acted as investment bank, Baker Tilly as auditor, and Middle East Rating and Investors Service S.A.E. (MERIS) as rating agency. Participating banks included Arab African International Bank, National Bank of Egypt, Banque Misr, Al Baraka Bank Egypt, saib, and Attijariwafa bank.

The MBH team was led by Mohamed Abdel Fattah (Partner and Head of Capital Markets) and Imane Raouf (Partner), with support from Abdelrheem Ashraf (Senior Associate), Laila Zaki (Associate), Mariam G. (Associate), and Ahmed Ayman (Associate).

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