Sharkawy & Sarhan worked as the EBRD’s legal representative on a $100M loan to Banque Misr

Sharkawy & Sarhan, a leading Egyptian legal advisory firm, is thrilled to announce its pivotal role as the Egyptian legal adviser in a significant financial venture. The European Bank for Reconstruction and Development (EBRD) has entrusted Sharkawy & Sarhan to provide expert legal counsel on a substantial loan of up to USD 100 million to Banque Misr. The aim of this financing is to bolster Banque Misr’s capacity to extend crucial sub-loans to its Small and Medium Enterprises (SME) clientele.

Transition Impact

Competitive: The project will support BM’s lending to private MSMEs in Egypt, where the gaps in access to finance are High, with a focus on regional outreach and attracting new MSME clients.
Resilient: The project aims to ensure prudent lending practices and adequate portfolio quality.

This latest collaboration marks another successful chapter in Sharkawy & Sarhan’s enduring partnership with the EBRD. For years, the firm has been instrumental in navigating the intricate Egyptian legal landscape for various financings undertaken by the EBRD within the country. The synergy between Sharkawy & Sarhan and the EBRD has consistently yielded favourable outcomes, with each transaction contributing to Egypt’s economic growth and development.

The legal expertise extended by Sharkawy & Sarhan led by Partner Ahmed Haggag (pictured), was further fortified by the collaborative efforts of Bird & Bird, led by Andrew Hallgarth, who acted as the English legal adviser to the EBRD in this particular transaction. This cross-border collaboration highlights the global reach and influence of both legal firms involved.