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.
EGYPT IS A MAJOR SUPPORTER OF YOUNG PEOPLE ALL AROUND THE WORLD

EGYPT IS A MAJOR SUPPORTER OF YOUNG PEOPLE ALL AROUND THE WORLD

by | Jan 10, 2022 | News Station

The world’s attention will be attracted to Sharm El-Sheikh on January 10th, when the fourth edition of the World Youth Forum will be held under the auspices of President Abdel Fattah El-Sisi from January 10 to 13.
The forum focuses on three main themes: peace, development, and creativity, and it discusses a wide range of important issues that reflect the new reality after the Corona pandemic.
The forum aims to bring together the youth of the world in order to promote dialogue, discuss development issues and send a message of peace and development from Egypt to the world, as well as exchanging visions and recommendations in a realistic manner with the aim of formulating a complete and comprehensive vision that the state and Egyptian youth share together through dialogue, presenting their issues and identifying their needs and future aspirations It also proposes advanced solutions and strategies according to the thinking of young people of different cultures and scientific backgrounds.