Helmy, Hamza & Partners, Baker McKenzie Cairo office, recently won the prestigious IFN Law Awards for the category of “Capital Markets.” Organized by renowned Islamic finance media company, Islamic Finance News (IFN), this year’s awards honored 11 legal firms for their outstanding achievements in Shari’ah finance.

The Capital Markets award recognized Helmy, Hamza & Partners’ role in advising Arab Company for Projects and Urban Developments, a subsidiary of Talaat Moustafa Group (TMG) Holding, on its inaugural first in Egypt sukuk program which is based on a Shari'ah-compliant ijara Sukuk technique with a value of EGP 2 billion (USD 126.53 million).

Commenting on this notable win, Mohammed Ghannam, Managing Partner and Head of Capital Markets at Helmy, Hamza & Partners, Baker McKenzie Cairo said: "This year, the team was able to work on several high-profile, complex and innovative transactions including advising on the first sukuk issuance transaction in Egypt. This landmark deal represented our technical sector expertise and knowledge as well as local market excellence.We are very fortunate to have an incredible Capital Markets team who consistently demonstrate their exceptional knowledge and collaboration efforts that enabled us to win such an award despite the existing challenges due to COVID-19.”

The counsel team that advised on this transaction under the supervision of Partner Mohamed Ghannam included Partner and Co-Head of Banking & Projects Lamyaa Gadelhak as well as Capital Markets Counsel Mostafa El Sakaa, Senior Associate Mohamed El Harmy, Associate Farah Abdel Rahman and Capital Markets Specialist Sameh Belal.

The IFN Law Awards are the most respected Islamic finance legal accolades that recognize the best legal firms with Islamic finance capabilities and services. The winners will be celebrated at the IFN Awards Ceremonies, which are scheduled to take place in Dubai on 27 March 2021 and in Kuala Lumpur on 7 April 2021.

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