EL LAITHY & ASSOCIATES SUCCESSFULLY REPRESENTED JUMEIRAH EGYPT FOR REAL ESTATE INVESTMENTS OF EGP 6 BILLION

EL LAITHY & ASSOCIATES SUCCESSFULLY REPRESENTED JUMEIRAH EGYPT FOR REAL ESTATE INVESTMENTS OF EGP 6 BILLION

by | Jan 24, 2022 | News Station

El Laithy & Associates successfully represented JUMEIRAH EGYPT for Real Estate investments in an agreement with Crystal Lagoons Business Group, Netherlands, which invented and owns the Crystal Lagoons System (as specified herein), is a forerunner and global leader in the technology development for the structure, construction, progression, operations, and maintenance of water bodies of any size and clear water transparency.
JUMEIRAH EGYPT was granted permission to secure and use the licenced Crystal Lagoons System under the terms of the agreement.
Overall, the system will be implemented in Ras El Hekma, North Coast, as part of the NAIA BAY Project.
A non-disclosure agreement (NDA), Intellectual Property Rights (IPR), and Technology License and Services Agreements (TLSA) were all part of the procedure.
Finally, the total investment for the project was estimated to be around EGP 6 billion.
HELMY, HAMZA & PARTNERS ACTED AS LEGAL COUNSEL FOR PIONEERS PROPERTIES FOR URBAN DEVELOPMENT ON AN EGP 3 BILLION TRANSACTION

HELMY, HAMZA & PARTNERS ACTED AS LEGAL COUNSEL FOR PIONEERS PROPERTIES FOR URBAN DEVELOPMENT ON AN EGP 3 BILLION TRANSACTION

by | Jan 24, 2022 | News Station

Baker McKenzie’s Cairo office, Helmy, Hamza & Partners, has successfully counseled Pioneers Properties for Urban Development on a real estate securitization transaction.
The securitization bond programme has a total value of EGP 3 billion, which is divided into six issuances.
The Financial Regulatory Authority recently approved the first issuance in the sum of EGP 627.5 million, divided into three tranches.
Capital Market Specialist Sameh Belal, Associates Walid Enany and Mohamed ElHossamy, and Paralegal Malak Abousenna led the team, which also included Managing Partner Mohamed Ghannam and Counsel Mostafa Elsakka. Senior Associate Milad Fayez of the Litigation team, as well as Associate Ahmed Shehata of the Banking & Projects team, were also members of the team that contributed to the deal’s success.
MATOUK BASSIOUNY & HENNAWY, HELMY HAMZA & PARTNERS, BAKER MCKENZIE AND AL KAMEL LAW FIRM ACTING AS LEGAL CONSLS FOR LAUNCHING “LIGHTHOUSE PLATFORM”

MATOUK BASSIOUNY & HENNAWY, HELMY HAMZA & PARTNERS, BAKER MCKENZIE AND AL KAMEL LAW FIRM ACTING AS LEGAL CONSLS FOR LAUNCHING “LIGHTHOUSE PLATFORM”

by | Jan 24, 2022 | News Station

Matouk Bassiouny & Hennawy (“MBH”) served as legal counsel to a new k-12 investment platform (“Lighthouse Platform”) promoting investment activities in private schools in Egypt with a target investment of EGP 1.75 billion

The Sovereign Fund of Egypt was represented by Helmy, Hamza & Partners – Baker McKenzie, while Banque Misr was represented by Al Kamel Law Firm.

Beltone Financial served as the platform’s financial advisor.

Lighthouse Platform has successfully attracted a diverse range of investors, including banks, insurance companies, financial institutions, and private investors.

Misr Insurance Holding Company ( MIHC ) and its subsidiaries (Misr Life Insurance Company and Misr Insurance Company), Sovereign Fund of Egypt, Banque Misr, Al Rajhi Investments, United Bank, Mr Hossam Kabbani, and Ironwood Investments are among the founding shareholders.

MBH managed the whole process of preparing and negotiating all transaction agreements in terms of structuring and execution, as well as representing all investors during the incorporation phase, which is essential for the Lighthouse Platform’s management.

Al-TAMEER REAL ESTATE FINANCE COMPANY “AL-OULA” INTENDS TO ISSUE SECURITIZATION BONDS WORTH 900 MILLION POUNDS.

Al-TAMEER REAL ESTATE FINANCE COMPANY “AL-OULA” INTENDS TO ISSUE SECURITIZATION BONDS WORTH 900 MILLION POUNDS.

by | Jan 24, 2022 | News Station

During the first half of this year, Al-Tameer Real Estate Finance Company plans to issue 900 million pounds in securitization bonds.
Vice Chairman of the Board of Directors and new managing director of “Al-Oula” Real Estate Finance Company, Ayman Abdel Hamid, stated that the company intends to focus less on clients in collecting revenues and instead diversify its funding sources by issuing securitized bonds in the near future.
He expected the issuing of securitization bonds to be completed in the first half of this year, with segments ranging from one to three years, and negotiations with many financial and legal institutions to take over the responsibility of managing it are currently underway.
He noted that the local market is currently experiencing an increase in the issuance of securitization bonds, which coincides with the interest of financial institutions and banks in purchasing this financing tool, reinforcing “Al- Oula’s” desire to issue it.