Banking & Finance
Global Guide 2024 : Egypt
Band 1
Contact number
+202 2796 2042About
Provided by Matouk Bassiouny
Overview
Our Finance & Projects Group’s primary goal is to provide our clients with legal advice on the banking and finance sector in the MENA region as well as on the strengths and weaknesses of security available to lenders in the MENA region market.
Headed by Mahmoud S. Bassiouny – Regional Managing Partner and group head of Finance and Projects – the Finance & Projects Group maintains close relationships with Egyptian financial institutions, which enable them to have first-hand knowledge of what constitutes commercially acceptable solutions for the major institutions involved in large-scale deals.
The team currently advises on projects across major industry sectors in Egypt and in the MENA region, including:
- Energy – oil & gas, power (including renewable), gas pipelines, and transmission and distribution assets.
- Financing – project financing, conventional and Islamic.
- Property development – commercial, residential, industrial and large-scale mixed-used developments. Resources – mining and process plant infrastructure.
- Transport infrastructure – roads, rails, airports and ports.
- Utilities infrastructure – water, wastewater, sewage, gas, and electricity.
Chambers Review
Matouk Bassiouny is highly regarded for its work in the banking and finance sphere, overseeing a diverse range of high-profile transactions. It frequently advises on significant cross-border loan facilities and high-profile project finance mandates. The team often represents export credit agencies as well as several of the world's leading investment banks. It has further experience acting for borrowers hailing from fields such as oil and gas, construction, real estate and shipping.
Work Highlights
- Matouk Bassiouny acted as counsel to Maridive on the restructuring of Islamic and conventional facilities totalling more than USD219 million, which were provided to it by EBRD and a syndicate of regional banks.
Strengths
Provided by Chambers
"We trust Matouk Bassiouny's work and advice. We get the best service and commitment from them."
"Matouk Bassiouny are the backbone of our business in banking issues. They are very adept at understanding the law in Egypt and its impacts on the business. They are practical lawyers, too."
"We trust Matouk Bassiouny's work and advice. We get the best service and commitment from them."
"Matouk Bassiouny are the backbone of our business in banking issues. They are very adept at understanding the law in Egypt and its impacts on the business. They are practical lawyers, too."
Notable Practitioners
Managing partner Mahmoud Bassiouny heads the firm's finance and projects team. He has many years' experience advising on high-value loan transactions, with a client list that features many notable names from the financial services sector. In addition to general bank lending, he is also well versed in project finance and matters with cross-border elements.
"Mahmoud Bassiouny is exceptional."
Sherif El Hosseny is renowned for his expertise in aviation financing, being widely regarded as one of the leading names within this field in Egypt. He is also well versed in real estate and project finance. In June 2023 he joined Matouk Bassiouny after leaving Rizkana & Partners.
"Sherif El Hosseny has good commercial awareness and is solution-focused."