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El Said Darwish & Partners in association with INP

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Banking & Finance

Our banking and finance team advises on drafting and negotiating different types of loans and facilities agreements. Our services also include advice on debt restructuring and rescheduling. Our Islamic finance team was part of the winning deals team for the IFN Awards 2017.

The following are a selection of our Banking and Finance transactions:

  • Acting for Al Marasem Real Estate Development Company on a syndicated long-term facility (Musharakah) led by Banque Misr in the amount of LE 6,527,000,000.00 for the purpose of financing the development of a residential, commercial and administrative complex to be constructed on 350 acres in New Cairo.

  • Acting for Al Marasem Real Estate Development Company on a syndicated long-term facility (Musharakah) led by Banque Misr in the amount of LE 1,124,292,329.00 for the purpose of financing the development of a residential, commercial and administrative complex to be constructed on 100 acres owned by Bu Khamseen Holdings in Sheikh Zayed.

  • Acting for Al Marasem Real Estate Development Company on a bridge facility (Musharakah) led by Banque Misr in the amount of LE 900,000,000.00 for the construction of a touristic and residential compound to be constructed on 403 acres in the north coast.

  • Acting for Al Marasem Real Estate Development Company on the syndicated Musharakah transaction for raising USD 200, 000,000.00 co-arranged by Banque Misr and ADIB-Egypt.

  • Acting for Al Marasem Real Estate Development Company on the first syndicated Musharakah transaction in the Egyptian market for raising USD 50,780,000.00 co-arranged by Banque Misr and ADIB-Egypt. The deal is the first Islamic finance transaction for an Egyptian real estate developer.

  • Acting for Al Marasem Real Estate Development Company on a Mudarabah transaction for raising USD 53,000,000.00 co-arranged by Banque Misr and ADIB-Egypt.

  • Part of a team advising Cheiron Finance Limited on an up to USD 350,000,000.00 senior secured borrowing base facility with HSBC Bank Egypt SAE, HSBC Bank Plc, and Natixis Bank, acting as structuring mandated lead arrangers.

  • Part of a team advising Amal Petroleum Corporation on an up to USD 100,000,000.00 reserve base lending facility with HSBC Egypt and HSBC France.

  • Acting for PICO Oceaneer Petroleum Suez Ltd on a USD 20,000,000.00 medium-term loan from the National Bank of Egypt to develop Zaafarana oil field in the Gulf of Suez.

  • Acting for PICO Gemsa Petroleum Company on a USD 26,000,000.00 medium-term loan from the National Bank of Egypt to develop Zaafarana oil field in the Gulf of Suez and LE 100,000,000.00 working capital facility to develop PICO oil assets in the Gulf of Suez.

  • Acting for PICO International Petroleum on USD 10,000,000.00 working capital facility from Bank Audi to finance PICO oil fields in the Gulf of Suez.

  • Acting for Torsina Suez Petroleum Limited, a subsidiary of Cheiron Holdings, as a borrower on USD 18,000,000.00 and LE 300,000,000.00 revolving loan facility agreements with the Arab African International Bank.

  • Acting for Prime South International on a USD 290,000,000.00 project finance for the rehabilitation of Al Doura Thermal Power Plant in Iraq.

  • Advising Primesouth LLC, a South Carolina entity, on a revolving and medium-term credit facility agreement for USD 30,000,000.00 granted by Fransabank SAL Lebanon.

  • Advising Arab African International Bank S.A.E on a revolving and medium-term credit facility agreement for LE 300,000,000.00 granted to Arab Company for Projects & Urban Development S.A.E.

  • Advising Arab African International Bank S.A.E on a long-term facility agreement for USD 25,000,000.00 granted to Arab Investment Company S.A.E.

  • Representing Burgan Bank on a number of conventional syndication loan agreements for Kharafi Contracting in the amount of USD 300,000,000.00.

  • Representing Burgan Bank on an Islamic syndication loan agreement in the form of Murabaha for Tasheelat Company (Retail leasing Company) in the amount USD 40, 000,000.00.

  • Representing Burgan Bank on a number of Islamic syndication loan agreements in the form of Istesna’ and Morabha for Alghanim Industries in the amount USD 330,000,000.00.

  • Representing Burgan Bank on a loan agreement for KCCEC in the amount USD 20,000,000.00.

  • Representing Burgan Bank on a syndication loan agreement for Wataniya Airways in the amount USD 150,000,000.00.

  • Representing Burgan Bank on an Islamic syndication loan agreement in the form of Murabaha agreements for Jazeera Airways in the amount USD 100, 000,000.00.

  • Representing Burgan Bank on a syndicated loan agreement for Zain Telecommunication in the amount USD 300, 000,000.00.

  • Representing Burgan Bank on a conventional syndicated loan agreement regarding a USD 550,000,000.00 facility to a leading UAE hospitality company.

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