Latest news with #AlAhlyPharos
Zawya
12-05-2025
- Business
- Zawya
Egypt: AAIB, Al Ahly Pharos to manage $394mln securitization bond programme for Tameer Misr
The Arab African International Bank (AAIB) and Al Ahly Pharos have been appointed as financial advisors and lead arrangers for a landmark EGP 20bn securitization bond programme for Tameer Misr, to be implemented over the next five years. This structured programme will consist of multiple issuances designed to provide liquidity that will support the acceleration of Tameer Misr's real estate development projects. It marks the first securitization bond issuance in Egypt's real estate sector in 2025. Securitization bonds are widely regarded as innovative, non-traditional financing instruments that help real estate companies manage cash flow, especially in a market where capital availability is often influenced by cyclical fluctuations. By converting future cash flows from assets into immediate capital, these instruments offer an efficient solution for funding long-term development. The appointment of AAIB and Al Ahly Pharos underscores the strategic importance of the programme. AAIB is one of Egypt's largest private-sector banks with a strong presence in both domestic and regional markets, offering a broad spectrum of financial services. Al Ahly Pharos, a prominent investment banking firm, brings specialized expertise in structured finance and capital markets. The securitization programme represents a significant step for Tameer Misr in strengthening its capital structure, enabling it to maintain momentum in its project timelines and support broader growth objectives. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. ( Daily News Egypt
Daily News Egypt
10-05-2025
- Business
- Daily News Egypt
AAIB, Al Ahly Pharos to manage EGP 20bn securitization bond programme for Tameer Misr
The Arab African International Bank (AAIB) and Al Ahly Pharos have been appointed as financial advisors and lead arrangers for a landmark EGP 20bn securitization bond programme for Tameer Misr, to be implemented over the next five years. This structured programme will consist of multiple issuances designed to provide liquidity that will support the acceleration of Tameer Misr's real estate development projects. It marks the first securitization bond issuance in Egypt's real estate sector in 2025. Securitization bonds are widely regarded as innovative, non-traditional financing instruments that help real estate companies manage cash flow, especially in a market where capital availability is often influenced by cyclical fluctuations. By converting future cash flows from assets into immediate capital, these instruments offer an efficient solution for funding long-term development. The appointment of AAIB and Al Ahly Pharos underscores the strategic importance of the programme. AAIB is one of Egypt's largest private-sector banks with a strong presence in both domestic and regional markets, offering a broad spectrum of financial services. Al Ahly Pharos, a prominent investment banking firm, brings specialized expertise in structured finance and capital markets. The securitization programme represents a significant step for Tameer Misr in strengthening its capital structure, enabling it to maintain momentum in its project timelines and support broader growth objectives.
Zawya
07-05-2025
- Business
- Zawya
Egypt: Al-Ahly Pharos concludes 1st Musharaka Sukuk issuance at $39mln
Arab Finance: Al-Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt (NBE), completed its first-ever Musharaka Sukuk issuance at a value of EGP 2.8 billion, according to an emailed press release. Al-Ahly Pharos acted as a financial advisor, lead manager, book-runner, and underwriter for the transaction, which will finance Bab Masr project, established by Hassan Allam Construction-owned Bab Masr Development. The offering received strong investor demand, achieving an oversubscription before closing the issuance. This issuance, which will be utilized to finance a greenfield mixed-use real estate project, marks a significant milestone in the evolution of Egypt's debt capital market. It also secures to access the debt capital market, expanding the landscape of financing opportunities and innovative debt instruments. Zulficar and Partners acted as the legal advisor for the transaction, while Baker Tilly served as the auditor. Middle East for Credit Rating and Investors Service (MERIS) acted as the credit rating agency for the issuance. Meanwhile, ECG was the transaction independent engineer, whereas RSM served as the independent financial advisor. Mohy-Eldin Abdin, Group CFO of Hassan Allam Holding, stated: 'This Sukuk issuance marks a significant milestone in Hassan Allam Holding's financing strategy.' He added: 'The strong participation of leading financial institutions, including National Bank of Egypt, and Suez Canal Bank as underwriters, with additional participation from ADCB, IDB, and SAIB, reflects strong investor confidence in both our vision and the broader potential of more diversified debt instruments.' Bab Misr is a mixed-use development project that spans 100,000 square meters and includes 17 buildings dedicated to commercial, administrative, residential, medical, and garage spaces. Located in Mohandiseen, the project is developed by Hassan Allam Holding. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
07-05-2025
- Business
- Zawya
Egypt: Al Ahly Pharos closes landmark $55mln Musharaka Sukuk for Bab Masr Development
Egypt - Al Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt (NBE), has announced the successful closure of Al Ahly Sukuk Company's inaugural Musharaka Sukuk issuance, valued at EGP 2.8bn. Acting as financial advisor, lead manager, bookrunner, and underwriter, Al Ahly Pharos played a central role in this landmark transaction, which attracted strong investor demand and was oversubscribed prior to closing. The proceeds will fund the Bab Masr project, a greenfield mixed-use real estate development by Bab Masr Development S.A.E., a fully owned subsidiary of Hassan Allam Construction S.A.E. The project is part of a strategic development surrounding the new Upper Egypt railway station in Mohandiseen, Egypt's largest rail hub, which integrates with Cairo Metro Line 3, the monorail, and the BRT system. Spanning 100,000 square meters, Bab Masr will include 17 buildings comprising commercial, administrative, residential, medical, and parking facilities. Mohy-Eldin Abdin, Group CFO of Hassan Allam Holding This transaction marks a series of 'firsts': it is Al Ahly Sukuk's debut in the Sukuk market, the first Musharaka Sukuk of its kind for the issuer, and a milestone in Hassan Allam Holding's financing strategy. It also represents a significant step forward in diversifying Egypt's debt capital markets and demonstrates the rising interest in Sharia-compliant financing tools. Ahmed Heidar, CEO and Managing Director of Al Ahly Pharos Investment Banking Group, stated: 'This transaction is a strong testament to the depth and strength of Al Ahly Pharos' advisory platform. It reinforces our strategic vision to drive innovation and broaden accessibility within Egypt's capital markets across DCM, ECM, and M&A. As more corporates turn to alternative financing tools, we remain committed to leading the evolution of capital market instruments in alignment with NBE Group's vision for an integrated financial services platform.' Heidar also extended his gratitude to all involved: 'I would like to sincerely thank our exceptional team for their tireless efforts and our client, Hassan Allam Holding, for their trust and ongoing partnership. This transaction reflects the strength of our relationship and shared commitment to growth. We're also deeply grateful to the Sharia Supervisory Committee for their innovative input, and to the Financial Regulatory Authority (FRA) for their continued support and forward-looking stance, which are critical in expanding Egypt's capital market landscape.' Amir Sherif, Managing Director and Head of Debt Capital Markets at Al Ahly Pharos Mohy-Eldin Abdin, Group CFO of Hassan Allam Holding, commented: 'This Sukuk issuance marks a significant milestone in Hassan Allam Holding's financing strategy. The strong participation of leading financial institutions—including National Bank of Egypt and Suez Canal Bank as underwriters, and further support from ADCB, IDB, and SAIB—reflects investor confidence in our vision and the broader potential of diversified debt instruments. We are proud to have partnered with Al Ahly Pharos and a strong syndicate of advisors on this pioneering transaction.' Amir Sherif, Managing Director and Head of Debt Capital Markets at Al Ahly Pharos, added: 'This transaction represents a critical milestone—not only as our first Musharaka Sukuk issuance, but as a tangible step toward realizing our vision for Egypt's debt capital markets. At Al Ahly Pharos, we're committed to delivering tailored financial solutions, both conventional and non-conventional, that address our clients' evolving needs. Sukuk is just one component of a much broader aspiration to develop a dynamic, resilient, and diversified financial ecosystem.' He continued: 'I am incredibly proud of our Debt Capital Markets team. In just three years, they have successfully closed nearly EGP 100bn in structured and diversified transactions—an achievement made possible by their dedication, expertise, and client-centric approach.' Sherif concluded with appreciation for the collective effort: 'I extend sincere thanks to all transaction parties for their dedication and close collaboration. Most importantly, we are deeply grateful to Hassan Allam Holding for their strategic partnership and efforts in bringing this Sukuk to market. We also thank the FRA for their indispensable role in facilitating such progress and shaping the future of Egypt's capital markets.' Key advisory and transaction support was provided by Zulficar & Partners as legal counsel, Baker Tilly as transaction auditor, MERIS (Middle East for Credit Rating and Investors Service) as the credit rating agency, ECG as the independent engineer, and RSM as the independent financial advisor.
Daily News Egypt
06-05-2025
- Business
- Daily News Egypt
Al Ahly Pharos closes landmark EGP 2.8bn Musharaka Sukuk for Bab Masr Development
Al Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt (NBE), has announced the successful closure of Al Ahly Sukuk Company's inaugural Musharaka Sukuk issuance, valued at EGP 2.8bn. Acting as financial advisor, lead manager, bookrunner, and underwriter, Al Ahly Pharos played a central role in this landmark transaction, which attracted strong investor demand and was oversubscribed prior to closing. The proceeds will fund the Bab Masr project, a greenfield mixed-use real estate development by Bab Masr Development S.A.E., a fully owned subsidiary of Hassan Allam Construction S.A.E. The project is part of a strategic development surrounding the new Upper Egypt railway station in Mohandiseen, Egypt's largest rail hub, which integrates with Cairo Metro Line 3, the monorail, and the BRT system. Spanning 100,000 square meters, Bab Masr will include 17 buildings comprising commercial, administrative, residential, medical, and parking facilities. This transaction marks a series of 'firsts': it is Al Ahly Sukuk's debut in the Sukuk market, the first Musharaka Sukuk of its kind for the issuer, and a milestone in Hassan Allam Holding's financing strategy. It also represents a significant step forward in diversifying Egypt's debt capital markets and demonstrates the rising interest in Sharia-compliant financing tools. Ahmed Heidar, CEO and Managing Director of Al Ahly Pharos Investment Banking Group, stated: 'This transaction is a strong testament to the depth and strength of Al Ahly Pharos' advisory platform. It reinforces our strategic vision to drive innovation and broaden accessibility within Egypt's capital markets across DCM, ECM, and M&A. As more corporates turn to alternative financing tools, we remain committed to leading the evolution of capital market instruments in alignment with NBE Group's vision for an integrated financial services platform.' Heidar also extended his gratitude to all involved: 'I would like to sincerely thank our exceptional team for their tireless efforts and our client, Hassan Allam Holding, for their trust and ongoing partnership. This transaction reflects the strength of our relationship and shared commitment to growth. We're also deeply grateful to the Sharia Supervisory Committee for their innovative input, and to the Financial Regulatory Authority (FRA) for their continued support and forward-looking stance, which are critical in expanding Egypt's capital market landscape.' Mohy-Eldin Abdin, Group CFO of Hassan Allam Holding, commented: 'This Sukuk issuance marks a significant milestone in Hassan Allam Holding's financing strategy. The strong participation of leading financial institutions—including National Bank of Egypt and Suez Canal Bank as underwriters, and further support from ADCB, IDB, and SAIB—reflects investor confidence in our vision and the broader potential of diversified debt instruments. We are proud to have partnered with Al Ahly Pharos and a strong syndicate of advisors on this pioneering transaction.' Amir Sherif, Managing Director and Head of Debt Capital Markets at Al Ahly Pharos, added: 'This transaction represents a critical milestone—not only as our first Musharaka Sukuk issuance, but as a tangible step toward realizing our vision for Egypt's debt capital markets. At Al Ahly Pharos, we're committed to delivering tailored financial solutions, both conventional and non-conventional, that address our clients' evolving needs. Sukuk is just one component of a much broader aspiration to develop a dynamic, resilient, and diversified financial ecosystem.' He continued: 'I am incredibly proud of our Debt Capital Markets team. In just three years, they have successfully closed nearly EGP 100bn in structured and diversified transactions—an achievement made possible by their dedication, expertise, and client-centric approach.' Sherif concluded with appreciation for the collective effort: 'I extend sincere thanks to all transaction parties for their dedication and close collaboration. Most importantly, we are deeply grateful to Hassan Allam Holding for their strategic partnership and efforts in bringing this Sukuk to market. We also thank the FRA for their indispensable role in facilitating such progress and shaping the future of Egypt's capital markets.' Key advisory and transaction support was provided by Zulficar & Partners as legal counsel, Baker Tilly as transaction auditor, MERIS (Middle East for Credit Rating and Investors Service) as the credit rating agency, ECG as the independent engineer, and RSM as the independent financial advisor.
