The Meridian Transaction Tracker

Egypt’s first sovereign sukuk (US$1.5bn)

Egypt’s maiden sovereign sukuk (US$1.5bn, February 2023) diversified funding through Islamic structures; the CBE’s external-position report confirms a further US$1bn of USD sovereign notes issued in FY2024/25 alongside the January 2025…


Egypt’s maiden sovereign sukuk (US$1.5bn, February 2023) diversified funding through Islamic structures; the CBE’s external-position report confirms a further US$1bn of USD sovereign notes issued in FY2024/25 alongside the January 2025 eurobond (#6). Egypt’s outstanding foreign-currency bonds/notes/sukuk held by non-residents stood at about US$28.7bn at the latest CBE disclosure.

Value: US$1.5bn (verified against public announcements).

Advisers: (not disclosed) for the sukuk syndicate in the sources reviewed.

Recorded by The Meridian research desk from public announcements, regulatory filings and financial press coverage. Dates and values are as publicly reported.