Heba Anwar Raslan
Partner
Fax
(+202) 2322 5401
Languages
Arabic, English
Heba has over fifteen years of experience and her practice includes Oil & Gas, Mining & Mineral resources, M&As, Competition, Insurance, Intellectual Property, and General Commercial law.
Prior to joining Sharkawy & Sarhan in 2012, Heba gained experience advising multinational clients in the USA and UAE in relation to their investments in Egypt.
Heba holds a Ph.D. from King’s College London, an LL.M. from The George Washington University Law School.
Heba leads the Firm’s oil and gas and mineral resources, insurance, and competition practices. She regularly advises high profile clients on M&A transactions, which often include cross-border complexities, with a focus on regulated sectors. Her clients include IOCs, independent oil & gas companies and NOCs, as well as international mining and mining services companies, both existing and new entrants to Egypt.
Throughout her career Heba assisted on and advised on big-ticket transactions including the sale of Société Générale’s Egyptian Unit to QNB estimated at USD 2 billion, Centamin (now an AngloGold Ashanti entity) Plc in drafting, negotiating and obtaining licenses for gold mining under EMRA’s 2020(1) bid round, Eni’s ieoc sale of contractor stakes in Shorouk Concession where the giant East Med Zohr field exists to BP, Rosneft and Mubadala respectively as well as the sale of its stake in various concessions to Apex, Dragon Oil in the acquisition of BP’s Egyptian oil assets, the sale of Neptune Energy to Eni’s Ieoc, as well as Barrick Gold and Centamin Plc on drafting and negotiating the model mining agreement under the rent, royalty, tax and NPI regime. She is also the legal advisor to several mining services, exploration and development companies including Aton, WRM & Geodrill.
Heba also regularly advises clients on antitrust and competition law issues. Some of her recent clients in this regard include Pepsi Cola Misr S.A.E., Chipsey for Food Industries S.A.E., Nestle SA, Total SA, GE, AmerisourceBergen Corporation. the Hero Group and Vodafone and CK Hutchison Groups USD 19 billion deal, for the merger of their mobile telephone business in the U.K.
Since 2023, She was recognized in the “Projects & Energy” practice by “Chambers & Partners” as an “Up and Coming Partner” and by “IFLR1000” as a “Rising star partner”. In addition to that, she was recognized by “Legal 500” as among the “Next Generation Partners” for her commercial, corporate, and M&A work in 2020.
Related Sectors
Related Practice Areas
Representative Experience
Centamin Plc (now an AngloGold Ashanti entity), an LSE and Toronto Stock Exchange listed company, in relation to Egyptian law matters pertaining to its activities in Egypt in relation to the Sukari gold concession granted to its subsidiary Pharaoh Gold Mines (PGM), which is the most prominent producing gold mine in Egypt and one of biggest producing mines in the World. Our work included conducting an extensive due diligence, advising on a high-profile case before the High Administrative Court and advising on Egyptian law aspects concerning a listing procedure.
Barrick Gold and Centamin Plc in relation to the draft new mining exploitation model under the royalty, rent and tax model. Our work included advising on the structure of the model as well as negotiations with EMRA, Ministry of Petroleum and Mineral Resources and other government entities and drafting
Allianz SE on all Egyptian law aspects relating to its landmark joint venture with Sanlam Limited, creating the largest pan-African non-banking financial services business in the continent. This landmark transaction is expected to reshape the African insurance landscape and create significant value for both companies and their customers.
TransGlobe Energy on Egyptian law aspects pertaining to the combination of TransGlobe Energy and Vaalco. Our role included advising on Egyptian law matters pertain to the Egyptian assets and the transaction documents, including the Arrangement Agreement. The transaction is significant as it marks the combination of the business of TransGloge Energy active for years within the Egyptian oil and gas upstream market and Vaalco to create World Class Africa focused A&P Company.
The Shareholders of Centamin Plc (now an AngloGold Ashanti entity), on the sale of their entire stake in London Stock Exchange listed Centamin Plc to New York listed AngloGold Ashanti. Our scope of work includes, advising on all Egyptian law matters pertaining to the transaction spanning from concession and licensing specific issues to FDI, regulatory and merger control approvals and procedures. Our work included advising on the impact of change of control on assignment under each of the Sukari Concession and the rent, royalty and tax-based licenses as well as advising on the recommended strategy to engage the relevant authorities in Egypt, in addition to advising on and handling with other international and local counsels the merger control filing before the Egyptian Competition Authority (ECA).
The value of the transaction is an estimated USD 2.5 billion in cash and stock, whereby on completion AngloGold shareholders will own app. 83.6% and Centamin shareholders app. 16.4% of AngloGold Ashanti’s enlarged issued share capital.
The transaction is a landmark in the gold mining field in Egypt. Its significance for the country as well as the gold mining industry is evident. It allows AngloGold Ashanti to add to its annual output, the Tier 1 Egypt’s largest and one the World’s top gold producing mines, the Sukari gold mine’s annual output of 450,00 ounces pushing AngloGold’s yearly production above 3 million ounces, making it the fourth largest gold producer in the world by volume. It also expands AngloGold’s portfolio to a new key gold producing region, adding Egypt to the other nine countries across Africa, the Americas and Australia, where AngloGold is currently active.
Kufpec Egypt Limited part of the Kuwait Foreign Petroleum Exploration Company (KUFPEC) group, in relation to the newly awarded North Ras Kanayes offshore concession agreement in the Mediterranean, with Total E&P Offshore Western Desert B.V. Company, BG Delta Limited Company, Tharwa Petroleum Company SAE and the Egyptian Natural Gas Holding Company (Egyptian Natural Gas Holding Co.). This concession was awarded by direct award, using Egyptian Natural Gas Holding Co. 2018 model concession agreement as its basis. Our scope of work includes, revising the draft and advising on high level basis KUFPEC on various matters including on the direct award route, as well as supporting in the negotiations of the final version with Egyptian Natural Gas Holding Co. and the other partners.
Centamin Plc on various legal matters pertaining its mining activities and interests in Egypt. Her most recent work included advising on participating in the gold and precious metals exploration bid round 2020(1).
Dragon Oil with the execution and post-completion of the acquisition of BP’s stake in 11 oil exploration and production concessions and the Gulf of Suez Oil Company (GUPCO), with an estimated value of USD600mn including supporting Dragon Oil with negotiations with the relevant regulators.
Energean Plc on the Egyptian law aspects of its acquisition of Edison E&P from Edison SpA, in a global deal that spanned across Italy, Egypt, UK, Croatia and Greece, with an estimated final net consideration of USD203mn.
Total SA on Egyptian law aspects pertaining the acquisition of Engie’s stakes in several Egyptian entities, which together own and operate the Idku LNG facility in Egypt, as part of a global transaction pertaining to purchasing Engie’s liquidation natural gas assets.
ENI’s Ieoc in relation to the farm-down of its participating interest in the Shorouk Offshore Concession, where the East-Med giant offshore Zohr field is located, BP, Rosneft and Mubadala, respectively.
Wintershall Dea, Kuwait Foreign Petroleum Exploration Company (KUFPEC), United Oil & Gas Plc (UoG), Neptune Energy Group Limited, in relation to Egyptian law matters concerning their assets and business in Egypt.
Alabbar Enterprises LLC on its acquisition of a 69% stake in Middle East fast-food operator Kuwait Food Co. (Americana) valued at app. USD1.8bn.
Sukari Gold Mines on various legal matters in relation to the Sukari Concession. The Sukari gold mine is Egypt’s prominent producing gold mine to date.
An international oil and gas company in relation to a decommissioning obligations relating to its upstream oil & gas assets in Egypt.
Société Générale on the sale of its entire stake in its listed Egyptian Subsidiary National Société Générale Bank “NSGB” to Qatar National Bank.
TransGlobe Energy Corporation, in connection with its application for admission and for listing its entire common share capital to the AIM market of the London Stock Exchange. Our scope of work includes, performing an extensive due diligence exercise over the Egyptian operations and producing several reports including a due diligence report and a title opinion for its concession assets in Egypt.
A leading independent multinational minerals and gold exploration company on Egyptian Law aspects for Egyptian assets in relation to a potential global acquisition. Her work included conducting a due diligence exercise and producing a report in relation to the Egyptian assets, as well as advising on the regulatory procedures for transferring title of the asset.
Qatar Petroleum, in relation to Egyptian law aspects pertaining to Qatar Energy’s acquisition of working stakes in several Egyptian upstream oil and gas concessions. Our scope of work includes, advising on the acquisition of a 40% stake in the offshore North Marakia block in the Mediterranean from ExxonMobil and 17% stake from Shell in Red Sea Blocks 3 and 4, respectively. We advised QP on all Egyptian law aspects pertaining to the acquisition, market entry issues as well as the regulatory approval process and transaction documents.
Six foreign exporters of polypropylene (PP) (with Allen & Overy) in the safeguard investigations on PP imports to Egypt after the Egyptian authority has imposed provisional safeguard duties until completing its investigations. This was the first time the investigating authority issues a detailed report recommending the termination of a trade remedy investigation without the imposition of any definitive measures.
Education and Memberships
- PHD in Philosophy of Law, King’s College London, University of London.
- LLM, the George Washington University Law School.
- Masters in Private law and Intellectual Property Law, Faculty of Law, Cairo University.
- LLB, Faculty of Law, English Section, Cairo University (with distinguished honours as the highest-ranking LLB candidate in the English Section), and qualified in 2001.
Heba Anwar Raslan
Partner
Email:
Phone: (+202) 2322 5400 Ext. (108)
Fax: (+202) 2322 5401
Languages: English, Arabic
Related Practice Areas: Corporate & Commercial, Data Privacy & Cyber-security
Heba has over fifteen years of experience and her practice includes oil & gas, mineral resources, M&As, competition, insurance, intellectual property, and general commercial law.
Prior to joining Sharkawy & Sarhan in 2012, Heba gained experience advising multinational clients in the USA and UAE in relation to their investments in Egypt.
Heba holds a Ph.D. from King’s College London, an LL.M. from The George Washington University Law School.
Heba leads the Firm’s oil and gas and mineral resources, insurance, and competition practices. She regularly advises high profile clients on M&A transactions, which often include cross-border complexities, with a focus on regulated sectors. Her clients include IOCs, independent oil & gas companies and NOCs, as well as international mining and mining services companies, both existing and new entrants to Egypt.
Throughout her career Heba assisted on and advised on big-ticket transactions including the sale of Société Générale’s Egyptian Unit to QNB estimated at USD 2 billion, Centamin (now an AngloGold Ashanti entity) Plc in drafting, negotiating and obtaining licenses for gold mining under EMRA’s 2020(1) bid round, Eni’s ieoc sale of contractor stakes in Shorouk Concession where the giant East Med Zohr field exists to BP, Rosneft and Mubadala respectively as well as the sale of its stake in various concessions to Apex, Dragon Oil in the acquisition of BP’s Egyptian oil assets, the sale of Neptune Energy to Eni’s Ieoc, as well as Barrick Gold and Centamin Plc on drafting and negotiating the model mining agreement under the rent, royalty, tax and NPI regime. She is also the legal advisor to several mining services, exploration and development companies including Aton, WRM & Geodrill.
Heba also regularly advises clients on antitrust and competition law issues. Some of her recent clients in this regard include Pepsi Cola Misr S.A.E., Chipsey for Food Industries S.A.E., Nestle SA, Total SA, GE, AmerisourceBergen Corporation. the Hero Group and Vodafone and CK Hutchison Groups USD 19 billion deal, for the merger of their mobile telephone business in the U.K.
Since 2023, She was recognized in the “Projects & Energy” practice by “Chambers & Partners” as an “Up and Coming Partner” and by “IFLR1000” as a “Rising star partner”. In addition to that, she was recognized by “Legal 500” as among the “Next Generation Partners” for her commercial, corporate, and M&A work in 2020.
Representative Experience
TransGlobe Energy on Egyptian law aspects pertaining to the combination of TransGlobe Energy and Vaalco. Her role included advising on Egyptian law matters pertain to the Egyptian assets and the transaction documents, including the Arrangement Agreement. The transaction is significant as it marks the combination of the business of TransGloge Energy active for years within the Egyptian oil and gas upstream market and Vaalco to create World Class Africa focused A&P Company.
The Shareholders of Centamin Plc (now an AngloGold Ashanti entity), on the sale of their entire stake in London Stock Exchange listed Centamin Plc to New York listed AngloGold Ashanti. Our scope of work includes, advising on all Egyptian law matters pertaining to the transaction spanning from concession and licensing specific issues to FDI, regulatory and merger control approvals and procedures. Our work included advising on the impact of change of control on assignment under each of the Sukari Concession and the rent, royalty and tax-based licenses as well as advising on the recommended strategy to engage the relevant authorities in Egypt, in addition to advising on and handling with other international and local counsels the merger control filing before the Egyptian Competition Authority (ECA).
The value of the transaction is an estimated USD 2.5 billion in cash and stock, whereby on completion AngloGold shareholders will own app. 83.6% and Centamin shareholders app. 16.4% of AngloGold Ashanti’s enlarged issued share capital.
The transaction is a landmark in the gold mining field in Egypt. Its significance for the country as well as the gold mining industry is evident. It allows AngloGold Ashanti to add to its annual output, the Tier 1 Egypt’s largest and one the World’s top gold producing mines, the Sukari gold mine’s annual output of 450,00 ounces pushing AngloGold’s yearly production above 3 million ounces, making it the fourth largest gold producer in the world by volume. It also expands AngloGold’s portfolio to a new key gold producing region, adding Egypt to the other nine countries across Africa, the Americas and Australia, where AngloGold is currently active.
Allianz SE on all Egyptian law aspects relating to its landmark joint venture with Sanlam Limited, creating the largest pan-African non-banking financial services business in the continent. This landmark transaction is expected to reshape the African insurance landscape and create significant value for both companies and their customers.
Barrick Gold and Centamin Plc in relation to the draft new mining exploitation model under the royalty, rent and tax model. Our work included advising on the structure of the model as well as negotiations with EMRA, Ministry of Petroleum and Mineral Resources and other government entities and drafting
Centamin Plc (now an AngloGold Ashanti entity), an LSE and Toronto Stock Exchange listed company, in relation to Egyptian law matters pertaining to its activities in Egypt in relation to the Sukari gold concession granted to its subsidiary Pharaoh Gold Mines (PGM), which is the most prominent producing gold mine in Egypt and one of biggest producing mines in the World. Our work included conducting an extensive due diligence, advising on a high-profile case before the High Administrative Court and advising on Egyptian law aspects concerning a listing procedure.
Centamin Plc on various legal matters pertaining its mining activities and interests in Egypt. Her most recent work included advising on participating in the gold and precious metals exploration bid round 2020(1).
Energean Plc on the Egyptian law aspects of its acquisition of Edison E&P from Edison SpA, in a global deal that spanned across Italy, Egypt, UK, Croatia and Greece, with an estimated final net consideration of USD203mn.
Sukari Gold Mines on various legal matters in relation to the Sukari Concession. The Sukari gold mine is Egypt’s prominent producing gold mine to date.
ENI’s Ieoc in relation to the farm-down of its participating interest in the Shorouk Offshore Concession, where the East-Med giant offshore Zohr field is located, BP, Rosneft and Mubadala, respectively.
Dragon Oil with the execution and post-completion of the acquisition of BP’s stake in 11 oil exploration and production concessions and the Gulf of Suez Oil Company (GUPCO), with an estimated value of USD600mn. Heba supported Dragon Oil with negotiations with the relevant regulators.
Total SA on Egyptian law aspects pertaining the acquisition of Engie’s stakes in several Egyptian entities, which together own and operate the Idku LNG facility in Egypt, as part of a global transaction pertaining to purchasing Engie’s liquidation natural gas assets.
Wintershall Dea, Kuwait Foreign Petroleum Exploration Company (KUFPEC), United Oil & Gas Plc (UoG), Neptune Energy Group Limited, in relation to Egyptian law matters concerning their assets and business in Egypt.
Alabbar Enterprises LLC on its acquisition of a 69% stake in Middle East fast-food operator Kuwait Food Co. (Americana) valued at app. USD1.8bn.
An International Oil and Gas company in relation to a decommissioning obligations relating to its upstream oil & gas assets in Egypt.
A leading independent multinational minerals and gold exploration company on Egyptian Law aspects for Egyptian assets in relation to a potential global acquisition. Her work included conducting a due diligence exercise and producing a report in relation to the Egyptian assets, as well as advising on the regulatory procedures for transferring title of the asset.
Six Foreign Exporters of Polypropylene (“PP”) (with Allen & Overy) in the safeguard investigations on PP imports to Egypt after the Egyptian authority has imposed provisional safeguard duties until completing its investigations. This was the first time the investigating authority issues a detailed report recommending the termination of a trade remedy investigation without the imposition of any definitive measures.
Education and Memberships
- PHD in Philosophy of Law, King’s College London, University of
- LLM, the George Washington University Law School.
- Masters in Private law and Intellectual Property Law, Faculty of Law, Cairo
Insights
Insights
“She was the main transaction lawyer on the Transglobe deal and was very responsive and technically sound.”
“Heba is excellent at her respective level. She diligently follow-up on matters, provide clear advice and are very responsive”.
“Heba is very responsive to our requirements and helps with problem solving when issues arise. We found her very commercial and steered us through tricky issues”.
“Rising Star for commercial, corporate and M&A in Egypt”.
“Very responsive and extremely quick.”
“She was the main transaction lawyer on the Transglobe deal and was very responsive and technically sound.”
“Heba is excellent at her respective level. She diligently follow-up on matters, provide clear advice and are very responsive”.
“Heba is very responsive to our requirements and helps with problem solving when issues arise. We found her very commercial and steered us through tricky issues”.
“Very responsive and extremely quick.”
“The Legal 500 2018 Rising Star for commercial, corporate and M&A in Egypt”.