Zulficar & Partners leading a successful syndication with CIB

Zulficar & Partners leading a successful syndication with CIB

On June 2015, the Firm represented one of the leading Bank in Egypt “Commercial International Bank, S,A.E” in the Syndicated Long Term Facility Agreement in two tranches for EGP 1.840 Billion for financing 65% of the investment cost of National Port Said Steel Company, SAE Project, the Firm handles the drafting of the Facility Agreement and all the related security and guarantees documents and was leading the negotiations between the Borrower and the major financial institutions involved in the transaction, and despite of the difficulties which faces the Transaction, the Firm was able to fulfill a successful closing for the Transaction.