2nd of November 2026
Keywords: Banking & Finance, Financial Institutions
Sharkawy & Sarhan is proud to have acted as Egyptian local counsel for the European Bank for Reconstruction and Development (EBRD), IFC – International Finance Corporation, Emirates NBD Egypt, and National Bank of Egypt (NBE) in connection with a landmark US$265 million syndicated financing extended to ADD Properties, a member of Sami Saad Holding, in support of the expansion and modernization of its hospitality portfolio in Egypt. The financing will support, among other strategic developments, the construction of a new Grand Hyatt hotel overlooking the Grand Egyptian Museum and the Pyramids of Giza.
This transaction reflects the confidence of leading international, regional, and local financial institutions in Egypt’s tourism sector and long-term investment potential. The financing is expected to support the growth of Egypt’s hospitality industry, strengthen the country’s tourism infrastructure, and contribute to broader economic development in line with Egypt’s strategic growth objectives.
Congratulations to EBRD, IFC – International Finance Corporation, Emirates NBD Egypt, National Bank of Egypt (NBE), and ADD Properties on reaching this significant milestone. We are honored to have supported a transaction that not only delivers substantial financing but also contributes to the continued development of one of Egypt’s most important growth sectors.
The Sharkawy & Sarhan team was led by Partner Ahmed Haggag, closely supported by Associate, Raghda ElQabbage with the valuable contribution of the firm’s Banking & Finance team, including Junior Associate, Ali Mostafa.
It was a privilege to work alongside K&L Gates, acting as international counsel to the lenders, Baker McKenzie London, acting as International Counsel to the borrowers and Baker McKenzie Cairo – Helmy, Hamza & Partners acting as local counsel to the borrowers and all parties involved in bringing this important transaction to a successful closing.
Sharkawy & Sarhan is proud to have acted as Egyptian local counsel for the European Bank for Reconstruction and Development (EBRD), IFC – International Finance Corporation, Emirates NBD Egypt, and National Bank of Egypt (NBE) in connection with a landmark US$265 million syndicated financing extended to ADD Properties, a member of Sami Saad Holding, in support of the expansion and modernization of its hospitality portfolio in Egypt. The financing will support, among other strategic developments, the construction of a new Grand Hyatt hotel overlooking the Grand Egyptian Museum and the Pyramids of Giza.
This transaction reflects the confidence of leading international, regional, and local financial institutions in Egypt’s tourism sector and long-term investment potential. The financing is expected to support the growth of Egypt’s hospitality industry, strengthen the country’s tourism infrastructure, and contribute to broader economic development in line with Egypt’s strategic growth objectives.
Congratulations to EBRD, IFC – International Finance Corporation, Emirates NBD Egypt, National Bank of Egypt (NBE), and ADD Properties on reaching this significant milestone. We are honored to have supported a transaction that not only delivers substantial financing but also contributes to the continued development of one of Egypt’s most important growth sectors.
The Sharkawy & Sarhan team was led by Partner Ahmed Haggag, closely supported by Associate, Raghda ElQabbage with the valuable contribution of the firm’s Banking & Finance team, including Junior Associate, Ali Mostafa.
It was a privilege to work alongside K&L Gates, acting as international counsel to the lenders, Baker McKenzie London, acting as International Counsel to the borrowers and Baker McKenzie Cairo – Helmy, Hamza & Partners acting as local counsel to the borrowers and all parties involved in bringing this important transaction to a successful closing.
2nd of November 2026
Keywords: Banking & Finance, Financial Institutions
Sharkawy & Sarhan is proud to have acted as Egyptian local counsel for the European Bank for Reconstruction and Development (EBRD), IFC – International Finance Corporation, Emirates NBD Egypt, and National Bank of Egypt (NBE) in connection with a landmark US$265 million syndicated financing extended to ADD Properties, a member of Sami Saad Holding, in support of the expansion and modernization of its hospitality portfolio in Egypt. The financing will support, among other strategic developments, the construction of a new Grand Hyatt hotel overlooking the Grand Egyptian Museum and the Pyramids of Giza.
This transaction reflects the confidence of leading international, regional, and local financial institutions in Egypt’s tourism sector and long-term investment potential. The financing is expected to support the growth of Egypt’s hospitality industry, strengthen the country’s tourism infrastructure, and contribute to broader economic development in line with Egypt’s strategic growth objectives.
Congratulations to EBRD, IFC – International Finance Corporation, Emirates NBD Egypt, National Bank of Egypt (NBE), and ADD Properties on reaching this significant milestone. We are honored to have supported a transaction that not only delivers substantial financing but also contributes to the continued development of one of Egypt’s most important growth sectors.
The Sharkawy & Sarhan team was led by Partner Ahmed Haggag, closely supported by Associate, Raghda ElQabbage with the valuable contribution of the firm’s Banking & Finance team, including Junior Associate, Ali Mostafa.
It was a privilege to work alongside K&L Gates, acting as international counsel to the lenders, Baker McKenzie London, acting as International Counsel to the borrowers and Baker McKenzie Cairo – Helmy, Hamza & Partners acting as local counsel to the borrowers and all parties involved in bringing this important transaction to a successful closing.
Sharkawy & Sarhan is proud to have acted as Egyptian local counsel for the European Bank for Reconstruction and Development (EBRD), IFC – International Finance Corporation, Emirates NBD Egypt, and National Bank of Egypt (NBE) in connection with a landmark US$265 million syndicated financing extended to ADD Properties, a member of Sami Saad Holding, in support of the expansion and modernization of its hospitality portfolio in Egypt. The financing will support, among other strategic developments, the construction of a new Grand Hyatt hotel overlooking the Grand Egyptian Museum and the Pyramids of Giza.
This transaction reflects the confidence of leading international, regional, and local financial institutions in Egypt’s tourism sector and long-term investment potential. The financing is expected to support the growth of Egypt’s hospitality industry, strengthen the country’s tourism infrastructure, and contribute to broader economic development in line with Egypt’s strategic growth objectives.
Congratulations to EBRD, IFC – International Finance Corporation, Emirates NBD Egypt, National Bank of Egypt (NBE), and ADD Properties on reaching this significant milestone. We are honored to have supported a transaction that not only delivers substantial financing but also contributes to the continued development of one of Egypt’s most important growth sectors.
The Sharkawy & Sarhan team was led by Partner Ahmed Haggag, closely supported by Associate, Raghda ElQabbage with the valuable contribution of the firm’s Banking & Finance team, including Junior Associate, Ali Mostafa.
It was a privilege to work alongside K&L Gates, acting as international counsel to the lenders, Baker McKenzie London, acting as International Counsel to the borrowers and Baker McKenzie Cairo – Helmy, Hamza & Partners acting as local counsel to the borrowers and all parties involved in bringing this important transaction to a successful closing.
