Dreny And Partners Advised New Urban Communities Authority On Landmark EGP 20 Billion Securitization Transaction
Dreny and Partners advised New Urban Communities Authority on landmark EGP 20 billion securitization transaction
The leading law firm in Egypt, Dreny and Partners advised New Urban Communities Authority (NUCA) on the successful closure of a landmark EGP 20 billion securitization transaction, one of the largest securitizations in the Egyptian market to date. This marks the eighth securitization undertaken by NUCA, reflecting the long-standing professional relationship and continued trust between the parties.
Financial advisors and lead arrangers of the transaction included Al Ahly Pharos - الأهلي فاروس, CI Capital Holding, CIB Egypt, and Arab African International Bank. Underwriters included CIB Egypt, National Bank of Egypt (NBE), Arab African International Bank, Al Baraka Bank Egypt, and Suez Canal Bank. CIB Egypt acted as custodian, while Arab African International Bank acted as bookrunner. Baker Tilly Hilal & Abdel Ghaffar served as the official auditor.
The Dreny and Partners Capital Markets team on the transaction included Metwally Sweify (Senior Associate) and Farah Younes (Junior Associate). The Capital Market Procedures team included Nagy Mostafa Ebied (Senior Associate and Head), with support from Mohamed Youssef (Associate) and Ahmed Reda (Associate).
Dreny & Partners is a leading, full-service independent law firm in Egypt that specializes in business and commercial law, with a strong focus on capital markets, banking and finance, and M&A. The firm, founded in 2018, is known for advising multinational corporations, governmental institutions, and financial entities on complex, high-profile transactions both locally and internationally. They are highly regarded for their expertise in innovative financial solutions, particularly in securitization and Islamic finance (Sukuk).
If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.
