Egypt partners with Google to promote 'unmatched diversity' tourism campaign    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Taiwan GDP surges on tech demand    World Bank: Global commodity prices to fall 17% by '26    Germany among EU's priciest labour markets – official data    UNFPA Egypt, Bayer sign agreement to promote reproductive health    Egypt to boost marine protection with new tech partnership    France's harmonised inflation eases slightly in April    Eygpt's El-Sherbiny directs new cities to brace for adverse weather    CBE governor meets Beijing delegation to discuss economic, financial cooperation    Egypt's investment authority GAFI hosts forum with China to link business, innovation leaders    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's Gypto Pharma, US Dawa Pharmaceuticals sign strategic alliance    Egypt's Foreign Minister calls new Somali counterpart, reaffirms support    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Egypt's Al-Sisi, Angola's Lourenço discuss ties, African security in Cairo talks    Egypt's Al-Mashat urges lower borrowing costs, more debt swaps at UN forum    Two new recycling projects launched in Egypt with EGP 1.7bn investment    Egypt's ambassador to Palestine congratulates Al-Sheikh on new senior state role    Egypt pleads before ICJ over Israel's obligations in occupied Palestine    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's Ministry of Health launches trachoma elimination campaign in 7 governorates    EHA explores strategic partnership with Türkiye's Modest Group    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egypt hosts World Aquatics Open Water Swimming World Cup in Somabay for 3rd consecutive year    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Baker McKenzie wins four deal awards in Egypt, Saudi Arabia
Islam salah Published in Amwal Al Ghad on 04 - 02 - 2021

Global law firm Baker McKenzie started the new year winning four deal awards at the Islamic Finance News (IFN) Awards 2020.
The IFN Awards are the most respected Islamic finance legal accolades that recognize the best legal firms with Islamic finance capabilities and services globally.
Awards won include:
* "Deal of the Year – Egypt" for advising Arab Company for Projects and Urban Developments, a subsidiary of Talaat Moustafa Group (TMG) Holding, on the first sukuk issuance in Egypt, which is based on a Shari'ah-compliant ijara structure with a value of EGP 2 billion (USD 126.53 million). The Helmy, Hamza & Partners (Baker McKenzie, Cairo) team was led by partners Mohamed Ghannam and Lamyaa Gadelhak, counsel Mostafa El Sakaa and Senior Associate Mohamed Elharmy. We were also recently recognized as "Best Capital Markets Law Firm" by IFN for our work on this landmark deal.
* "Commodity Murabahah/Tawarruq Deal of the Year" for advising the Egyptian Government, acting through the Ministry of Finance, on the signing of a USD 2 billion syndicated financing transaction, which was the first sovereign debt that Egypt has raised from commercial lenders. Baker McKenzie's cross-border team was led by partners Mohamed Ghannam and Lamyaa Gadelhak, counsel Victoria Long and Senior Associate Mohamed Elharmy (all from Cairo) and partner Sandeep Puri (Dubai).
* "Deal of the Year – Saudi Arabia" for acting as legal counsel to the Ministry of Finance of The Kingdom of Saudi Arabia on a landmark agreement signed with Saudi Electricity Company (SEC) in relation to a SAR 167.92 billion (USD 44.78 billion) mudaraba based perpetual subordinated instrument. This transaction is the world's largest ever Islamic finance transaction. The deal was also a finalist for the "Overall IFN Deal of the Year" award.
* "Corporate Finance Deal of the Year" for the same transaction between Saudi Arabia's Ministry of Finance and the SEC and involving a SAR 167.92 billion (USD 44.78 billion) mudaraba based perpetual subordinated instrument. The team at Legal Advisors Abdulaziz Alajlan & Partners in association with Baker & McKenzie Limited was led by partners Ian Siddell and Nick Church and senior associate Delwar Hossain.

Clic here to read the story from its source.