Ahmed El Sharkawy

Ahmed El Sharkawy

Partner
Cairo, Egypt+202 2269 0881Download VCard
Get to know Ahmed
  • Ahmed Sharkawy was always present, very experienced lawyer, knows the pragmatic side to matters. -Clients’ evaluations 2014

  • Ahmed Sharkawy was very impressive, very helpful, always takes initiatives which is always very helpful. -Clients’ evaluations 2014

  • El Sharkawy is a very bright and young dynamic lawyer. -One peer to IFLR, 2013 edition

  • We were impressed with Ahmed El Sharkawy. If it is something needed quickly we go to him -A client in IFLR1000, 2012 edition

About Ahmed

Ahmed has more than fourteen years of experience and his practice includes M&As, capital markets, finance, real estate and PPPs.  Ahmed was selected by the International Who’s Who of Public Procurement Lawyers 2009 as being one of the two leading Public Procurement lawyers in Egypt. He was also selected by the IFLR1000 (2012) as a leading lawyer.

Prior to co-founding Sharkawy & Sarhan, Ahmed worked as an in-house counsel first with a major industrial group and subsequently as the Country Legal Counsel for Citigroup in Egypt. During his time as an in-house counsel, Ahmed was involved in a wide variety of corporate law issues and financing transactions including anti-trust, corporate governance, employment, project finance, banking laws and regulations and investment banking.

After founding Sharkawy & Sarhan, Ahmed led a number of high profile transactions, in particular in the fields of M&A, finance and public procurement.

Ahmed’s Experience

Ahmed’s most recent work includes the following:

Capital Markets and M&A

  • Advising (with Allen & Overy) Société Générale on the sale of its Egyptian Subsidiary National Société Générale Bank (“NSGB”) to Qatar National Bank.The transaction is expected to be one of the largest transactions in Egypt this year.
  • Advising (with Allen & Overy) Standard Chartered Bank on all matters related to a potential acquisition of an Egyptian bank including undertaking a legal due diligence, advising on mandatory purchase offer requirements, preparing all documentation required for obtaining the approval of the Central Bank of Egypt and Egyptian Financial Supervisory Authority and liaising with various regulators.
  • Advising a syndicate of banks lead by UBS and Credit Suisse on the first ever rights issue of EDRs in Egyptian history.
  • Advising Tesco Corporation on the acquisition of Premiere Casing Services – Egypt S.A.E., a leading indigenous tubular services company in Egypt. The transaction marks the first major entry of Tesco Corporation into the Egyptian tubular services market.
  • Advising a major Italian pharmaceutical company on the potential acquisition of one of the most established and reputable local pharmaceutical companies.
  • Advising ILA Group, a major investment fund in Bahrain, in an acquisition on one of the leading telecom distributors in Egypt.
  • Advising EFG Hermes on numerous investment agreements.

Concessions, PPPs and Public Tenders

  • Advising (with the IFC) the PPP Unit in the Ministry of Finance on the New Cairo Water and Wastewater Treatment PPP Projects, the latter being the only PPP project in recent Egyptian history to reach financial close.
  • Advising (with Pinsent Masons) the European Investment Bank on an in-depth study of the legal, regulatory and institutional frameworks affecting the implementation of Public Private Partnerships (PPPs) in Egypt.
  • Advising (with the World Bank) the Egyptian Electricity Transmission Company on the first wind farm BOO in Egypt’s history.
  • Advising Suez Canal Container Terminal (a subsidiary of Maersk) on phase II of its container terminal BOT project in Port Said.

Banking and Finance

  • Advising (with Clifford Chance) Deutsche Bank as the lead arranger on the USD 1.2 billion financing to Abraaj Capital for the acquisition of Egyptian Fertilizers Company and advising on the USD 400 million sharia’a compliant partial refinance of this deal using novel and complex finance structures.
  • Advising (with Clifford Chance) a syndicate of Egyptian and international banks led by Societé Generale on the USD 1 billion financing of EAgrium; and subsequently advising the banks on the recovery strategy of the disbursed funds following the nationalization of the project – believed to be the largest project financing in Egyptian history.
  • Advising (with White & Case) Etisalat Misr on its EGP 1.5 billion bridge financing from a syndicate of Egyptian banks and subsequent long term refinancing from a syndicate of international and Egyptian banks.
  • Advising (with Allen & Overy) a syndicate of Egyptian and international banks on a USD 2.5 billion refinancing for Orascom Telecom Holding.
  • Advising the Egyptian Drilling Company S.A.E. (a subsidiary of Maersk) on its USD 250 million financing from a syndicate of Egyptian banks.
  • Advising Suez Canal Container Terminal S.A.E (a subsidiary of Maersk) on its USD multi-million bridge and medium-term financing facility from a syndicate of Egyptian banks.
  • Advising EFG-Hermes on the loan granted by the IFC to support EFG’s efforts to expand regional operations and establish new business lines in Egypt.
  • Advising IFC in relation to the project finance to Galaxy Chemicals (a subsidiary of Galaxy Surfactants Ltd., India) for the construction and equipping of a 60,000 mpta surfactant production plant located in the Suez Public Free Zone in Egypt.
  • Advising (with Clifford Chance) Citibank N.A and Citibank PLC in relation to a USD 225 million term loan facility agreement with a major Egyptian steel company.
  • Advising Natixis on purchasing USD 230 million secured equity-linked bonds issued by an offshore subsidiary and guaranteed by a major Egyptian telecom company.
  • Advising UBS on the enforceability of USD 300 million credit linked notes to Egyptian counterparty.

Areas of Practice

  • Capital Market and M&A
  • Concession, PPP and Public Tender
  • Banking and Finance

Publications & Speaking Engagements

  • Benchmarking Public Procurement 2016”: a World Bank Publication, it focuses on measuring transaction costs imposed by procurement regulations and practices worldwide. It is modeled after the World Bank Group’s Doing Business initiative, which measures the ease of doing business in 189 countries and has fostered over 2000 business   regulatory   reforms   worldwide   to   date. (World   Bank   Group,   2015).
  • Egypt’s Feed-In Tariff Program: Ready, Set…”: Co-authoring with Chadbourne and Parke a report on Egypt’s Feed-In-Tariffs for renewable energy projects. (Chadbourne & Parke, 2015).
  • Egypt Chapter in the “Global Litigation Survey 2015”: a production of the Allen & Overy Global Law intelligence Unit, carried out by Allen & Overy’s Litigation Department and the global relationship firms in 161 jurisdictions. (Allen & Overy 2015) .
  • Employment Law at a glance”: Authoring the Egypt Chapter in Clyde & Co and L&E Global’s publication. (Clyde & Co. and L&E Global, 2014).
  • Legal Risk Management for Japanese Investors”: authored a report on risk management under Egyptian Law, the publication was intended for Japanese investors interested in the Egyptian Market. (Nishimura & Asahi, 2014).
  • Egypt Chapter in the “Global Litigation Survey”: a production of the Allen & Overy Global Law intelligence Unit, carried out by Allen & Overy’s Litigation Department and the global relationship firms in 137 jurisdictions (Allen & Overy 2014).
  • Presentation on “Egypt’s Legal Environment”, European Bank for Reconstruction and Development, (London 2011).
  • “Doing business in Egypt? Corruption risks before & after the Bribery Act”, thebriberyact.com, (May, 2011) (coauthor).
  • Chapter on IPO in Egypt, in ECM Guide to the Middle East, (Norton Rose, 2010).

Education

  • LLM, International Banking and Financial Law, Faculty of Law, Boston University, USA.
  • LLB, Cairo University, Faculty of Law, English Section, and qualified in 1999.

Languages

  • Arabic
  • English

Our Team

Ahmed El Sharkawy

Ahmed El Sharkawy

Partner

GET TO KNOW Ahmed

Ahmed is a quiet and reflective person. He is deeply interested in human psychology. He is passionate about organizational behavior, quality management and strategy. Peter Drucker is his favorite author in management. He is a father of three daughters and plays tennis everyday.