Barakat, Maher & Partners, in association with Clyde & Co, advises Erada Finance on Securitization

In a strong close to 2025 for our Capital Market Team in Cairo, Barakat, Maher & Partners, in association with Clyde & Co, is proud to have advised Capital for Securitization on the second issuance of the tenth programme at EGP 478,000,000, structured across three tranches against a securitization portfolio assigned by Erada Microfinance Co.

The team was led by Mostafa Elsakaa, partner and head of capital market in Cairo, with the support of senior associate Walid Enany, and associates Omar Mahmoud and Mahmoud Toraya. 

The issuance was approved by the Financial Regulatory Authority (FRA) on 30 December 2025, and the transaction brought together leading institutions across the market, with CI Capital Securities Brokerage acting as the financial advisor and lead arranger; and Arab African International Bank (AAIB) serving as the custodian, while Suez Canal Bank acted as the subscription receiver and underwriter.

Mostafa Elsakaa commented,

Mohamed Barakat added, 

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.