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AI + Innovation (MENA) 
Infrastructure 
Azimut partners with MNT-Halan to launch a EGP 250 mn real estate investment fund
The company aims to grow the fund’s size to EGP 2 bn within two years
Tasaheel completes EGP 7 bn social sukuk issuance, Africa’s largest
PLUS- Attijariwafa Bank Egypt secured USD 20 mn from the IFC
Budget supermarket chain Kazyon is set to fully acquire Minya’s Upper Egypt for Concentrates. PLUS: Tanmiya Capital Ventures + Vital Pharma, Bel Egypt, Pickalbatros, Bolt, Akh Gold, Erada Microfinance
The acquisition will be financed via a capital increase of an unspecified size
Suez Canal extension trial run opens the door for up to eight additional vessels per day. PLUS: Aman + Jarir Bookstore + Al Manea, Eni, Telecom Egypt
The extension increases the length of the canal’s two-way section to 82 km — up from 72 km
MNT-Halan enters the UAE market with Halan Advance launch. PLUS: Hassan Allam Utilities + ACWA Power, Somabay + Taqa Arabia, AMEA Power, Monoprix + TMT
MNT-Halan has a target of building its customer base in the country to 250k by the end of next year
Tamweely raises EGP 782 mn in first securitized bond issuance
The issuance is the first in a EGP 5 bn three-year securitization program
CI Capital’s micro-financing arm raises EGP 884 mn in second securitization issuance
The three-tranche issuance had tenors ranging from 6-18 months
Tasaheel raises EGP 3.92 bn from third securitized social sustainability bond issuance
The transaction marks Tasaheel’s third bond issuance as part of the program, which kicked off in January
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