Baker McKenzie Advised Banque Misr S.A.E. On EGP 3 Billion Financing To SODIC
Baker McKenzie Advised Banque Misr S.A.E. on EGP 3 Billion Financing to SODIC
The global law firm, Baker McKenzie Cairo acted as legal counsel to Banque Misr S.A.E. in connection with the EGP 3 billion bilateral medium-term revolving loan facility extended to Sixth of October for Development and Investment Company SAE (“SODIC”).
The facility will support SODIC’s construction schedules, enhance operational agility, and enable the company to pursue strategic growth initiatives in Egypt’s real estate sector.
Mostafa Lotayef commented,
"We are proud to have advised Banque Misr on this landmark financing. This deal reflects the resilience and dynamism of Egypt’s real estate market and underscores our commitment to supporting clients in structuring complex transactions that drive growth and innovation."
This marks the fourth syndicated facility recently handled by Baker McKenzie Cairo for Banque Misr, following its advisory role on the EGP 6.2 billion syndicated loan to Mountain View for Development and Real Estate Investment.
The Baker McKenzie Cairo team advising on the transaction was led by Mostafa Lotayef (Partner, Banking and Projects), with support from Noureldin Elhayatmy (Associate).
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