Helmy, Hamza & Partners, Baker McKenzie Cairo advises Banque Misr and Arab African International Bank on a financing to Al Alamia for Real Estate Investment (a Hassan Allam Group company)

Helmy, Hamza & Partners, Baker McKenzie Cairo office, assisted Banque Misr and Arab African International Bank (AAIB) as lenders on a real estate financing to Al Alamia for Real Estate Investment, a fully owned subsidiary of Hassan Allam Properties. The two banks signed the loan documentation of EGP 4.16 billion on 29 June 2021 specifically for the development of Swan Lake Residences project which is one of Al Alamia integrated residential projects in New Cairo.

Commenting on the transaction, Lamyaa Gadelhak, Partner and Co-head of Banking & Projects at Helmy, Hamza & Partners, Baker McKenzie Cairo said: "We are pleased to consistently working with big financial institutions like Banque Misr and Arab African International Bank (AAIB). This deal provides a great example of the firm’s ability to seamlessly and timely deliver top tier service to its clients.”

Helmy, Hamza & Partners, Baker McKenzie Cairo, team was supervised by Partner and Co-head of Banking & Projects Lamyaa Gadelhak and led by Senior Associate Mohamed Elharmy supported by Associate Khadija Eino.