Partner

Cairo

+202 2322 5400 Ext.: 113

Highly regarded

Arabic
English


Bar admissions:

Egypt

Jurisdictions:

Egypt

Practice areas:

M&A
Project finance


“Ahmed Haggag is Excellent; he has done an amazing job with us for the past 2.5 years. Absolutely amazing, very responsive, his advice always makes sense, to the point, no long memos. The advice is always on point. The thing I like most is the consistency in keeping the same standard of work; I dealt more with Ahmed Haggag but I think that it is the same kind of way of working of both Jim Wright and Ahmed Sharkawy. They passed it on to the people under them which is amazing”.

“Local counsels usually tend to hide some information from their clients; however I never found that with Ahmed Haggag, he is also always taking initiative.”.

Ahmed Haggag started his career as a junior associate with Sharkawy & Sarhan in 2007 and became a partner on 1 January 2015. He was seconded to Clifford Chance Dubai for a period of six months during 2011. Ahmed's Practice focuses on project finance, M&A and oil & gas. Ahmed was also selected by Chambers Global 2018 for his experience in Banking & Finance and by the IFLR1000 2014, 2015, 2016, 2017 and 2018 as a leading/highly regarded lawyer.

Ahmed Haggag Co-authored the Egypt chapter of the 2nd edition of “The Oil and Gas Law Review” published by The Law Review. This volume is intended to serve as a practical reference for attorneys working in the oil and gas field, whether they are in private practice, in-house at energy companies, in government service or in academia.

Banking & Finance

  • Advising development financial institutions, including EBRD, IFC, Proparco, CDC, AfDB and Islamic Development Bank on financing the Egyptian Feed-in Tariffs program for solar projects. Our work included preparing extensive legal study on the FiT regulatory framework and implementation and advising the DFIs on the security package and negotiating the project agreements with EETC, NREA and the Ministry of Electricity. 
  • Advising the European Investment Bank (“EIB”) on matters of Egyptian law in relation to the EUR 214,000,000 Finance Contract granted to the Arab Republic of Egypt, the Ministry of Housing Utilities and Urban Communities, the Holding Company for Water and Wastewater, Dakahlia Water and Sanitation Company, Gharbia Company for Water and Wastewater and Kafr El-Sheikh Water Supply and Sanitation Company for the finance of the Kitchener Drain depollution project.
  • Advising the European Investment Bank (“EIB”) on matters of Egyptian law in relation to the EUR 126,000,000 Finance Contract granted to the Arab Republic of Egypt, the Ministry of Housing Utilities and Urban Communities, the Holding Company for Water and Wastewater and Fayoum Company for Water and Wastewater to improve wastewater infrastructure and access to sanitation services in the Fayoum Governorate in Egypt.
  • Advising the International Finance Corporation (“IFC”) on matters of Egyptian law in relation to the USD 15,000,000 facility granted to Vinavil Egypt for Chemicals S.A.E., a subsidiary of Vinavil SPA. 
  • Advised European Bank for Reconstruction and Development and IFC on the regulatory regime pertaining subordinated facility agreements for the purpose of increasing tier 2 capital of Egyptian banks.
  • Advised a syndicate of Indian and Egyptian banks in relation a project financing to TCI Sanmar Chemicals in excess of 1 billion US dollars to finance the construction of a new petrochemicals processing plant in Port Said, Egypt. This transaction is considered as one of the largest project financings to take place in Egypt.

Oil & Gas

  • Advising (with Herbert Smith) HSBC Bank plc and HSBC Bank Egypt (as Mandated Lead Arrangers) in connection with an up to USD 50,000,000 Senior Secured Borrowing Base Facility to IPR group of companies which holds various oil & gas concessions in Egypt. His work included conducting a full due diligence on the concessions and preparing the Egyptian law security package.
  • Advised DEA AG on the concession agreements for the North Alexandria and West Mediterranean deep-water gas fields (North Alex & West Med Concessions), as well as assisting with the negotiations with EGPC. These are the only two gas concessions in Egypt which are not based on a production sharing arrangement. At the time, North Alex & West Med Concessions were considered one of the largest finds in the oil and gas industry, with a daily production capacity of approximately between 1 to 1.2 billion cubic feet per day, which is 25 percent of the current production of natural gas in Egypt. The total investments of DEA and BP (the other concessionaire) are around 12 billion US Dollars.
  • Advised a major Oil & Gas company having concessions in Egypt on the Egyptian aspects of borrowing approximately USD 2.75 billion from a number of international banks.

Capital Markets and M&A

  • Advised Nestlé in relation to Nestlé acquisition of Caravan Marketing Company SAE (“CMC”) and Caravan Global Industries (“CGI”), a leading Egyptian instant coffee company owner of the Bonjorno brand. 
  • Advising BNP Paribas S.A. on the legal due diligence related to the sale of all its shares in its Egyptian subsidiary, Bank BNP Paribas S.A.E., to Emirates NBD PJSC and advising BNP Paribas on selling its stake in another non-bank subsidiary in Egypt.
  • Advising IFC in relation to its equity investment in Sphinx Glass Ltd, a BVI entity that fully owns Egypt-based float glass manufacturer Sphinx Glass S.A.E. Ahmed’s role included Conducting a full due diligence exercise on Sphinx Glass S.A.E. and advising IFC on the various Egyptian legal issues pertaining their investment. Hogan Lovells acted as international counsel to IFC, Advising IFC on all Egyptian law aspects.

  • Banking
  • Project finance
  • Trade finance

  • Banking
  • Energy
  • Mining
  • Natural resources
  • Oil and gas

  • Member of Egyptian Bar Association

  • LLB, Faculty of Law, English Section – Ain Shams university