Matouk Bassiouny & Hennawy Advised National Bank Of Egypt On Landmark Syndicated Loan To Drive Finance
Matouk Bassiouny & Hennawy advised National Bank of Egypt on landmark syndicated loan to Drive Finance
The leading full-service MENA (Middle East and North Africa) law firm, Matouk Bassiouny & Hennawy (“MBH”) has acted as legal counsel to the National Bank of Egypt (NBE), together with a syndicate of leading banks, including Commercial International Bank (CIB Egypt), Arab African International Bank (AAIB), Banque du Caire, Emirates NBD Egypt, and بنك التعمير والإسكان HD Bank, on the first-ever syndicated loan to a Non-Banking Financial Institution (NBFI), Drive Finance, with a facility amount of up to EGP 5 billion.
This landmark transaction marks a significant milestone for Egypt’s financial sector, enabling Drive Finance to expand its consumer finance and factoring portfolios, while reinforcing its role in shaping the future of Egypt’s evolving financial services landscape.
The MBH team advising on the transaction was led by Mahmoud Bassiouny (Regional Managing Partner and Group Head of Finance & Projects), and included Iman Nassar (Senior Associate) and Myriam F. (Associate).
Matouk Bassiouny & Hennawy is a leading full-service MENA (Middle East and North Africa) law firm, not a global one. It has offices in Egypt, the UAE, Sudan, and Algeria, along with a New York satellite office and country desks for Libya and South Korea, and frequently collaborates with international firms to serve its multinational clients.
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