Barakat, Maher & Partners in association with Clyde & Co advises AUR for Securitization

Barakat, Maher & Partners in association with Clyde & Co has successfully advised AUR for Securitization on a landmark EGP 1.06 Billion (EGP 1,060,700,000) securitization bond issuance.

This transaction is the third issuance under the first programme, structured across three tranches for the benefit of AUR for Securitization, against a securitized portfolio assigned by AUR Leasing and Factoring Company reinforcing AUR’s strong and consistent presence in the market and strengthening its key role in supporting business growth and contributing to Egypt’s financial ecosystem.

The issuance was approved by the Financial Regulatory Authority (FRA) on 29 December 2025. CI Capital, which served as the financial advisor and lead arranger in collaboration with AUR Capital for financial consultations, and Banque du Caire, as the custodian, the subscription receiver, and one of the underwriters, as well as Al Baraka Bank, were the primary contributors to the successful transaction.

Our team was led by Mostafa Elsakaa, Partner and Head of the Capital Market in our Cairo Office with the support of Walid Enany, Senior Associate, and Associates Omar Mahmoud and Mahmoud Toraya.

On this transaction, Mostafa Elsakaa comments,

Two years since opening our Cairo office, our team has established itself as a transactional powerhouse, advising local and international businesses across a wide range of sectors. We have successfully handled complex M&A transactions, including advising on the first merger in Egypt’s private sector insurance industry, as well as handling private equity, anti-trust, competition, regulatory and corporate matters. Our teams expertise also extends to joint ventures (JVs), restructurings, separations and carve-outs, together with initial public offerings (IPOs) and securitization deals including four closings for Capital for Securitization on the mortgage portfolio of Bedaya, the fourth issuance valued at EGP 1,637,000,000 on 26 March 2025, the third issuance valued at  EGP 1,780,500,000 on 25 December 2024 and the first two issuances, valued at EGP 843 million on 29 December 2023 and EGP 1,415,500,000 on 10 October 2024. As well as closing the successful securitization deal, Capital for Securitization on the microfinance portfolio of Erada Microfinance valued at EGP 718 million in January 2025.