Sharkawy & Sarhan acted as Egyptian local counsel to HSBC in connection with the proposed sale of HSBC Egypt's retail banking business to Emirates NBD, a landmark transaction in Egypt's banking sector that follows a competitive bidding process and remains subject to regulatory approvals.
The firm advised HSBC on all Egyptian law aspects of the transaction from inception through signing. The transaction marks another significant development in Egypt's financial services sector, with Sharkawy & Sarhan working alongside HSBC and its international advisers to bring the deal to a successful signing.
The matter was led by Partners Lamiaa Youssef and Dalia Abdel Ghany, with support from Senior Associate Menna Abouzekry and Counsel Nouran Gamal.