Banking & Finance
A wealth of experience & familiarity with the requirements of risks in banking & finance transactions
Banking & Finance
A wealth of experience & familiarity with the requirements of risks in banking & finance transactions
Our dedicated, proactive, and responsive banking team has a wealth of experience acting for financial institutions. We are particularly focused on big-ticket financings and bank to bank lending. Most of our clients are international development financial institutions “DFIs”, export credit agencies and international commercial and investment banks.
Our aim is to provide tailored legal advice of the highest quality in the most efficient way possible whilst remaining aware of the importance of offering good practical knowledge. Our experience has enabled us to gain deep knowledge of the specific requirements applicable to DFIs and to tailor our advice to their specific needs. As a result, Sharkawy & Sarhan has been the counsel of choice of DFIs on a number of significant transactions for years. We have advised EBRD and IFC on the financing of a range of projects spanning across the infrastructure, FMCGs and energy sectors. More recently we have had the privilege of advising the China Development Bank and the Industrial and Commercial Bank of China in respect of several transactions in Egypt in various sectors.
We are applicable to DFIs and to tailor our advice to their specific needs. As a result, Sharkawy & Sarhan has been the counsel of choice of DFIs on a number of significant transactions for years. We have advised EBRD and IFC on the financing of a range of projects spanning across the infrastructure, FMCGs and energy sectors. More recently we have had the privilege of advising the China Development Bank and the Industrial and Commercial Bank of China in respect of several transactions in Egypt in various sectors.
We are delighted to have been recently appointed to the panel of British International Investment (BII), previously known as CDC. This is a testament to our experience in the banking and project finance sectors and to our involvement in most key transactions in Egypt involving financing from DFIs.
Also, we are delighted to have been participated in the green bonds transaction, this transaction consists of a green bonds issuance by the Commercial International Bank (the largest privately owned bank in Egypt). The bonds were issued under the newly introduced green bonds regime in Egypt.
Our dedicated, proactive, and responsive banking team has a wealth of experience acting for financial institutions. We are particularly focused on big-ticket financings and bank to bank lending. Most of our clients are international development financial institutions “DFIs”, export credit agencies and international commercial and investment banks.
Our aim is to provide tailored legal advice of the highest quality in the most efficient way possible whilst remaining aware of the importance of offering good practical knowledge. Our experience has enabled us to gain deep knowledge of the specific requirements applicable to DFIs and to tailor our advice to their specific needs. As a result, Sharkawy & Sarhan has been the counsel of choice of DFIs on a number of significant transactions for years. We have advised EBRD and IFC on the financing of a range of projects spanning across the infrastructure, FMCGs and energy sectors. More recently we have had the privilege of advising the China Development Bank and the Industrial and Commercial Bank of China in respect of several transactions in Egypt in various sectors.
We are applicable to DFIs and to tailor our advice to their specific needs. As a result, Sharkawy & Sarhan has been the counsel of choice of DFIs on a number of significant transactions for years. We have advised EBRD and IFC on the financing of a range of projects spanning across the infrastructure, FMCGs and energy sectors. More recently we have had the privilege of advising the China Development Bank and the Industrial and Commercial Bank of China in respect of several transactions in Egypt in various sectors.
We are delighted to have been recently appointed to the panel of British International Investment (BII), previously known as CDC. This is a testament to our experience in the banking and project finance sectors and to our involvement in most key transactions in Egypt involving financing from DFIs.
Also, we are delighted to have been participated in the green bonds transaction, this transaction consists of a green bonds issuance by the Commercial International Bank (the largest privately owned bank in Egypt). The bonds were issued under the newly introduced green bonds regime in Egypt.
Featured Deals
Financial Institutions
The European Bank for Reconstruction and Development (EBRD) on the provision of a senior unsecured loan of up to EGP 80 million to Reefy Microfinance Enterprise Services (Reefy), Egypt’s first licensed microfinance institution. The loan will be provided under the EBRD’s Women in Business program. It will be used to support privately owned micro, small and medium-sized enterprises (MSMEs) that are owned by women, especially in governorates other than Greater Cairo and Alexandria.
Financial Institutions
The European Bank for Reconstruction and Development (EBRD) and the British International Investment PLC (BII) in relation to all the Egyptian law aspects in relation to the Tier II financing (including any repayment/subordination features which are required under Egyptian law for the loan to qualify as Tier II loan) granted to Banque Du Caire.
Financial Institutions
The International Finance Corporation (IFC) on the financing of Edita including conducting a limited due diligence on Edita and its subsidiaries in Egypt, reviewing a draft of the loan agreement and the guarantee agreements prepared by IFC, advising on local issues, and issuing an opinion confirming that the transaction documents are valid and enforceable in Egypt.
Infrastructure
The European Bank for Reconstruction and Development (EBRD), Islamic Development Bank (IsDB) and Islamic Corporation for the Development of the Private Sector (ICD) as the original lenders on this innovative refinancing.
This is the first private investment-grade project green bond in Egypt that aims at diversifying funding sources for the renewable energy sector and will pave the way for future green bond issuances in the country.
Financial Institutions
The European Investment Bank (EIB) on matters of Egyptian law in relation to the EUR15mn Investment Grant Agreement and the EUR16,876mn Grant Agreement (the “Grant Agreements”) granted to the Arab Republic of Egypt, the Ministry of Housing Utilities and Urban Communities, the Holding Company for Water and Kafr El-Sheikh Water Supply and Sanitation Company for technical assistance and investment in infrastructure through the wastewater treatment project in Kafr El-Sheikh governorate.
Financial Institutions
NBK’s counsel in reviewing and advising on an amendment agreement of two loan agreements between NBK and EETC with an aggregate amount of EGP one billion with a view to extending a new loan in an amount of EGP 500 million to EETC. This new loan to be covered by the MoF guarantee issued in respect of financing from NBK to EETC and reviewing and advising on the new loan agreement between NBK and EETC. We also issued a legal opinion on the validity of the MoF guarantee.
Financial Institutions
Advising the European Investment Bank (EIB) on matters of Egyptian law in relation to the EUR 126,000,000 Finance Contract granted to the Arab Republic of Egypt, the Ministry of Housing Utilities and Urban Communities, the Holding Company for Water and Wastewater and Fayoum Company for Water and Wastewater to improve wastewater infrastructure and access to sanitation services in the Fayoum Governorate in Egypt.
Financial Institutions
The European Bank for Reconstruction & Development (EBRD) on a loan of up to USD 80,000,000 to Egypt Green Hydrogen S.A.E, guaranteed by, amongst others, one of the sovereign fund of Egypt’s sub funds to develop the country’s first green hydrogen facility in the Suez Canal Economic Zone and the first integrated green hydrogen plant in Africa.
The International Finance Corporation (IFC) in relation to the Egyptian law aspects of the Murabaha facility granted to be provided under the Real Sector Crisis Envelope of the IFC Fast Track COVID-19 Facility to Egyptian Saudi Healthcare Company (the Company) to fund the Company’s capex as well as the growing long-term working capital needs during COVID-19 outbreak (the Project).
The European Bank for Reconstruction and Development (EBRD) on USD40 million -trade facilities to QNB AlAhli Bank. Under this facility EBRD will issue guarantees in favour of QNB AlAhli, covering political and commercial payment risks for transactions made by QNB AlAhli and provide cash loans to fund trade-related advances to local companies exclusively for pre-export, post-import and local distribution of imported goods.
Featured Deals
Financial Institutions
The European Bank for Reconstruction and Development (EBRD)
on the provision of a senior unsecured loan of up to EGP 80 million to Reefy Microfinance Enterprise Services (Reefy), Egypt’s first licensed microfinance institution. The loan will be provided under the EBRD’s Women in Business program. It will be used to support privately owned micro, small and medium-sized enterprises (MSMEs) that are owned by women, especially in governorates other than Greater Cairo and Alexandria.
Infrastructure
The European Bank for Reconstruction & Development (EBRD)
on a loan of up to USD 80,000,000 to Egypt Green Hydrogen S.A.E, guaranteed by, amongst others, one of the sovereign fund of Egypt’s sub funds to develop the country’s first green hydrogen facility in the Suez Canal Economic Zone and the first integrated green hydrogen plant in Africa.
The International Finance Corporation (IFC)
on the financing of Edita including conducting a limited due diligence on Edita and its subsidiaries in Egypt, reviewing a draft of the loan agreement and the guarantee agreements prepared by IFC, advising on local issues, and issuing an opinion confirming that the transaction documents are valid and enforceable in Egypt.
Financial Institutions
The European Bank for Reconstruction and Development (EBRD), Islamic Development Bank (IsDB) and Islamic Corporation for the Development of the Private Sector (ICD)
as the original lenders on this innovative refinancing.
This is the first private investment-grade project green bond in Egypt that aims at diversifying funding sources for the renewable energy sector and will pave the way for future green bond issuances in the country.
Financial Institutions
The European Investment Bank (EIB)
on matters of Egyptian law in relation to the EUR15mn Investment Grant Agreement and the EUR16,876mn Grant Agreement (the “Grant Agreements”) granted to the Arab Republic of Egypt, the Ministry of Housing Utilities and Urban Communities, the Holding Company for Water and Kafr El-Sheikh Water Supply and Sanitation Company for technical assistance and investment in infrastructure through the wastewater treatment project in Kafr El-Sheikh governorate.
Financial Institutions
NBK’s counsel
in reviewing and advising on an amendment agreement of two loan agreements between NBK and EETC with an aggregate amount of EGP one billion with a view to extending a new loan in an amount of EGP 500 million to EETC. This new loan to be covered by the MoF guarantee issued in respect of financing from NBK to EETC and reviewing and advising on the new loan agreement between NBK and EETC. We also issued a legal opinion on the validity of the MoF guarantee.
Infrastructure . Financial Institutions
The European Bank for Reconstruction and Development (EBRD)
on matters of Egyptian law in relation to a session secured loan of up GBP 2.3 Million granted to El Roda Company for Agricultural Development S.A.E
Financial Institutions
The European Bank for Reconstruction and Development (EBRD)
on a loan of up to USD 100 million to Banque Misr. The loan is provided for the purpose of assisting in green economy investments and financing sub-loans to Banque Misr’s clients, primarily targeting investments in climate change mitigation and adaptation technologies across the industrial, commercial, transport and agriculture sectors by local private sector Small and Medium Enterprises.
Financial Institutions
China Development Bank (CDB)
on matters of Egyptian law in relation to the USD 500,000,000 term facility granted to AFRICAN EXPORT-IMPORT BANK.
Financial Institutions
The European Bank for Reconstruction and Development (EBRD) and the British International Investment PLC (BII)
in relation to all the Egyptian law aspects in relation to the Tier II financing (including any repayment/subordination features which are required under Egyptian law for the loan to qualify as Tier II loan) granted to Banque Du Caire.
Financial Institutions
The International Finance Corporation (IFC)
in relation to the Egyptian law aspects of the Murabaha facility granted to be provided under the Real Sector Crisis Envelope of the IFC Fast Track COVID-19 Facility to Egyptian Saudi Healthcare Company (the Company) to fund the Company’s capex as well as the growing long-term working capital needs during COVID-19 outbreak (the Project).
Financial Institutions
The European Bank for Reconstruction and Development (EBRD)
on USD40 million -trade facilities to QNB AlAhli Bank. Under this facility EBRD will issue guarantees in favour of QNB AlAhli, covering political and commercial payment risks for transactions made by QNB AlAhli and provide cash loans to fund trade-related advances to local companies exclusively for pre-export, post-import and local distribution of imported goods.
Insights
Insights
Sharkawy & Sarhan 2024 Promotions!
Green Hydrogen Pipeline in Egypt
Sharkawy & Sarhan is shortlisted by Chambers & Partners for two Awards
Sharkawy & Sarhan Rankings in IFLR1000 2023 Edition
They have in-depth knowledge of the sector, provide a detailed legal analysis with practical solutions, and have the ability to liaise effectively with all parties involved and particularly governmental entities.
A great firm – very responsive, with vast experience and well connected.
A firm with a long track record and precedents they can draw from. Well connected to the business and governmental authorities.
S&S are technically competent, professional, commercially minded and always available and cooperative.
One of the strongest client-facing law firms in the Egyptian market that provides accurate and to-the-point advice.
Prompt, commercially aware and detailed advice. Good knowledge of the practice of Egyptian authorities and regulations.
Very efficient and proactive, commercial and reasonably priced. Great value for money.