Acting as the legal advisor, Dreny & Partners successfully advised on a syndicated finance deal of 12.3 billion EGP, between 11 of the top banks in Egypt (including: National Bank of Egypt, Banque Misr, Commercial International Bank, Banque Du Caire, Credit Agricol Egypt, EBE Bank, Alex Bank, United Bank, Arab Investment Bank, Suez Canal Bank, and National Bank of Kuwait), and borrower Gharably Integrated Engineering Company (GIECO); where the contract grants GIECO a medium term loan to finance the expansion of the northern and southern sides of the Abu Qir port as well as the development of the new city of Abu Qir.
Dreny & Partners is honored to be part of the largest syndication of 2021 and the largest financing for a contracting operation in recent years, for such an important national project that would advance the national economy and maximize the utilization of the state-owned assets.
Dreny & Partners team was led by Partner Imane Raouf and Associate Laila Zaki