Sarie-Eldin & Partners closes largest syndicated facility in Egypt
Sarie-Eldin & Partners was appointed to act as lenders' legal counsel in connection with the largest multicurrency syndicated facility ever arranged in Egypt. The "Egyptian Nitrogen Products Company" has mandated National Bank of Egypt, Banque Misr, Arab African International Bank and Banque du Caire to arrange for the syndicated facility package amounting to USD 1.05 Billion. The Firm, represented by Dr. Ramy El Borai - Partner and Mr. Motaz El Dreny - Associate - has represented 21 banks in connection with this complex and high profile transaction. In a much awaited signing ceremony held at the ECHEM premises in New Cairo, all parties executed the final syndicated facility agreement.
