18th of July 2023
Sharkawy & Sarhan acted as Egyptian legal adviser to the International Finance Corporation (IFC) in relation to an Islamic Tier II financing of up to USD 50 million to a financial institution in Egypt.
Keywords: Financial Institution and Banking & Finance
We are delighted to announce that we acted as Egyptian legal adviser to the International Finance Corporation (IFC) in relation to an Islamic Tier II financing of up to USD 50 million to a financial institution in Egypt.
This Tier II capital instrument is intended to add diversity to the Bank’s capital base and long-term growth prospects. This project shall support the bank in growing its operations in Egypt, including increasing access to financing for underserved MSMEs. IFC anticipates that the Project will foster increased inclusiveness in the Egyptian microfinance sector and enhance broader market participation of MSMEs via the competition, demonstration, and replication channels, by demonstrating the viability of Islamic MSME finance and creating competitive pressures on other players to replicate the bank’s approach.
Our team was led by Banking & Finance Partner Ahmed Haggag, and assisted by Associate Raghda ElQabbage.
Press release: https://disclosures.ifc.org/project-detail/SII/37076/adib—egypt-sub–debt
We are delighted to announce that we acted as Egyptian legal adviser to the International Finance Corporation (IFC) in relation to an Islamic Tier II financing of up to USD 50 million to a financial institution in Egypt.
This Tier II capital instrument is intended to add diversity to the Bank’s capital base and long-term growth prospects. This project shall support the bank in growing its operations in Egypt, including increasing access to financing for underserved MSMEs. IFC anticipates that the Project will foster increased inclusiveness in the Egyptian microfinance sector and enhance broader market participation of MSMEs via the competition, demonstration, and replication channels, by demonstrating the viability of Islamic MSME finance and creating competitive pressures on other players to replicate the bank’s approach.
Our team was led by Banking & Finance Partner Ahmed Haggag, and assisted by Associate Raghda ElQabbage.
Press release: https://disclosures.ifc.org/project-detail/SII/37076/adib—egypt-sub–debt
Sharkawy & Sarhan acted as Egyptian legal adviser to The International Finance Corporation (IFC) in relation to an Islamic Tier II financing of up to USD 50 million to a financial institution in Egypt.
18th of July 2023
Keywords: Financial Institution and Banking & Finance
We are delighted to announce that we acted as Egyptian legal adviser to the International Finance Corporation (IFC) in relation to an Islamic Tier II financing of up to USD 50 million to a financial institution in Egypt.
This Tier II capital instrument is intended to add diversity to the Bank’s capital base and long-term growth prospects. This project shall support the bank in growing its operations in Egypt, including increasing access to financing for underserved MSMEs. IFC anticipates that the Project will foster increased inclusiveness in the Egyptian microfinance sector and enhance broader market participation of MSMEs via the competition, demonstration, and replication channels, by demonstrating the viability of Islamic MSME finance and creating competitive pressures on other players to replicate the bank’s approach.
Our team was led by Banking & Finance Partner Ahmed Haggag, and assisted by Associate Raghda ElQabbage.
Press release: https://disclosures.ifc.org/project-detail/SII/37076/adib—egypt-sub–debt
We are delighted to announce that we acted as Egyptian legal adviser to the International Finance Corporation (IFC) in relation to an Islamic Tier II financing of up to USD 50 million to a financial institution in Egypt.
This Tier II capital instrument is intended to add diversity to the Bank’s capital base and long-term growth prospects. This project shall support the bank in growing its operations in Egypt, including increasing access to financing for underserved MSMEs. IFC anticipates that the Project will foster increased inclusiveness in the Egyptian microfinance sector and enhance broader market participation of MSMEs via the competition, demonstration, and replication channels, by demonstrating the viability of Islamic MSME finance and creating competitive pressures on other players to replicate the bank’s approach.
Our team was led by Banking & Finance Partner Ahmed Haggag, and assisted by Associate Raghda ElQabbage.
Press release: https://disclosures.ifc.org/project-detail/SII/37076/adib—egypt-sub–debt
