We are proud to have been awarded the “IFN Sovereign & Multilateral Deal of the Year” from Islamic Finance News (IFN), one of the most coveted honours in the global Islamic finance and banking industry. The award recognises our work as Egyptian counsel to the Ministry of Finance - Egypt (MOF) in advising on Egypt’s first-ever sovereign domestic sukuk program valued at EGP 3 billion.

The ADSERO team was led by Hossam Gramon, Partner and Head of Banking and Project Finance, and Ibrahim ElMessery, Counsel, with support from Karima Seyam, Senior Associate; Malak Zaki and Nour Osama, Associates; and Junior Associates, Marc Hany Georgy, Mostafa Khaled Serry, and Nour ElKholy.

We had the pleasure of working with our distinguished colleagues from the Embassy of the Arab Republic of Egypt, Abu Dhabi Islamic Bank - Egypt, ADIB - Abu Dhabi Islamic Bank, Al Baraka Group (ABG), Faisal Islamic Bank of Egypt, and Kuwait Finance House, in addition to local primary dealers.

Congratulations to the Ministry of Finance - Egypt and The Egyptian Financial Co. For Sovereign Taskeek on this landmark transaction, and our appreciation to the Central Bank of Egypt and the Egyptian Stock Exchange Index for their invaluable support.

Special thanks to the MOF and to all parties involved in this historical transaction!

We also extend our warmest congratulations to all other winners and nominees.

For more information on this award-winning project, please click here.