ADSERO – Ragy Soliman & Partners Advised Nile Sugar On IFC Senior Loan Agreement For Sugar Beet Cultivation Project In Egypt
The full-service law firm headquartered in Cairo, Egypt, ADSERO – Ragy Soliman & Partners advised Nile Sugar on its senior loan agreement with International Finance Corporation (IFC). The financing will fund the cultivation of 13,711 feddans of sugar beet in Minya. The project advances Egypt’s 2030 agricultural targets and supports domestic sugar production to mitigate global price volatility.
The transaction was led by Hossam Gramon (Partner and Head of Banking and Project Finance) and Dr. Mohamed Fathy (Partner and Head of Real Estate, Tourism, and Hospitality), assisted by Hadil Helmy (Senior Associate), Hussien Moustafa (Managing Associate), Nour Osama (Associate), and Karim Madian (Junior Associate).
The firm also extends its congratulations to Emad Farid (Chief Executive Officer) and Rafik Joseph (Chief Financial Officer) at Nile Sugar on this achievement.
ADSERO – Ragy Soliman & Partners was pleased to work alongside International Finance Corporation (IFC) and Baker McKenzie Cairo – Helmy, Hamza & Partners on this transaction.
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