Matouk Bassiouny & Hennawy Advises Founders and Hyde Park on EGP 10 Billion Financing from Banque Misr

The financing, with a tenor of up to eight years, will support the acquisition and marketing of real estate assets owned by the New Urban Communities Authority (NUCA), as well as related operating costs.

The signing ceremony was witnessed by Prime Minister Mostafa Madbouly and attended by senior government officials and representatives of Banque Misr, Hyde Park Developments and Founders for Real Estate Marketing. The financing supports the development and marketing of integrated residential, commercial and administrative assets, in line with Egypt’s broader urban development objectives.

Commenting on the transaction, Mahmoud S. Bassiouny, Regional Managing Partner and Group Head of Finance & Projects at Matouk Bassiouny & Hennawy, said: “We are pleased to have advised Founders and Hyde Park on this significant financing transaction. The facility reflects the important role of long-term financing in supporting major real estate acquisitions and enabling the development and marketing of integrated urban communities in Egypt.”

The MBH team was led by Mahmoud S. Bassiouny, Regional Managing Partner and Group Head of Finance & Projects, with the support of Iman Nassar, Senior Associate, and Habiba Elnaggar, Associate.