Back to the complete issue
Thursday, 17 August 2017

Al Ahly Capital, Zulficar & Partners submit offer for financial, legal advisor on FiT

Al Ahly Capital and Zulficar & Partners have formed a partnership to act as legal and financial advisors to the Electricity Ministry on agreements and contracts for the second phase of the feed-in tariff (FiT) program, Al Mal reports. While the ministry had not issued a tender or requested advisors for signing FiT contracts, the consortium presented the offer after spotting a the ministry’s need for it as it moves to sign power purchase agreements, Al Ahly Capital Managing Director Khaled Badawi says. Separately, Al Ahly Capital submitted an offer to Al-Wadi for Phosphate Industries and Fertilizers Company to act as financial advisor on a facility to finance its USD 900 mn phosphoric acid and fertilizers manufacturing project, Badawi adds.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.