ZH advises Reefy on its EGP 1.064 billion securitization issuance

We are pleased to share the successful completion of the securitization issuance for Reefy Micro Finance Enterprise Services SAE (Reefy), with a total value of EGP 1.064 billion, representing the third issuance under its second securitization program.

Our team of lawyers advising Reefy was overseen by Helal El Hossary, Partner and Head of Capital Markets & Corporate Procedures, whose guidance ensured the smooth execution of the transaction from inception to completion. The transaction was led by Omar Fouda, Senior Associate, alongside Ahmed Adel Ammar, Associate, who coordinated closely with the Financial Regulatory Authority (FRA) to obtain all required approvals and was responsible for the drafting and finalization of the full transaction documentation package.

In parallel, Ahmed Abdel Meguid, Partner, led the due diligence process for the comprehensive review of the entire securitized portfolio and the legal support to the credit rating agency, supported by a dedicated team of lawyers that included Omar El Tahlawy, Senior Associate, and Associates Mohamed Megahed, Malak Shehata, Mohamed Aboueida, and Nayera Rezk.

This milestone reflects Reefy’s solid financial position and its continued commitment to expanding financial inclusion in Egypt. We extend our sincere congratulations to Reefy's team on this significant achievement, we are honored to have supported them throughout the process.

We also wish to express our appreciation to CI Capital Holding, as sole lead arranger, for its instrumental role in bringing this transaction to a successful close, as well as to all advisors involved in the transaction.