Ministry of Finance Issuance of First Sovereign Sukuk Program of USD 5 BN Awarded "Global Sovereign Sukuk Deal of the Year"

April 30, 2023

We are pleased to announce that our client, the Egyptian Ministry of Finance (MOF) been awarded the Global Sovereign Sukuk Deal of the Year for its establishment of the first Sovereign Sukuk program of USD 5 BN from the GFC Media Group Bonds, Loans and Sukuk Middle East Awards 2023.

Our team was led by Hossam Gramon, Partner and Malak Khalil, Counsel, assisted by Karima Seyam, Senior Associate, Associates; Aya BadrMohamed ElshenawySadeem Abdelsalam, and Junior Associates; Dina SharsharHana Raouf, and Yosr Allam, with the support of Ehab Fedaa, Partner.

We had the pleasure of working alongside our distinguished colleagues Clifford Chance, who acted as the international legal counsel to MOF. 

Zaki Hashem & Partners acted as the local counsel, and Linklaters acted as the international counsel to the arrangers.

Congratulations to all the talented teams on successfully executing this groundbreaking deal.

For more information, you can check GFC Media Group coverage here.


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