Of Counsel in charge of Finance (and International Debt Capital Markets)


(+20-2) 2399 9999

Highly regarded

Bar admissions:




Practice areas:

Project finance

IFLR1000 2020

"Ragia has extensive experience and knowledge in respect of debt issuances by the Egyptian sovereign. Her advice is both technically accurate and sensitive to the commercial needs of clients."

IFLR1000 2018

“Ragia was very valuable in meetings and negotiations. A strong negotiator and highly personable. Well connected in Egypt and that is invaluable. Understands the political landscape. We enjoyed working with Ragia and would do so again.  An excellent choice to accompany foreign investors in Egypt”.  

Ragia has 22 years of experience in advising on banking and finance, commercial and corporate law, BOOT/BOT projects, syndicated loan agreements, project finance, joint venture agreements, share purchase agreements, share subscription agreements, shareholders agreements, commercial and real estate mortgage, M&A, tender offers, due diligence, share transfer, restructuring, incorporation and administration of companies, and aviation compensation claims.

  • Advising the Dealers and Joint Lead Managers in the Establishment, two Updates, and eight Issuances of the Arab Republic of Egypt’s USD 20 Billion Global Medium Term Note Programme. The Dealers and Joint Lead Managers consisted of: Banca IMI S.p.A. UK, BNP Paribas UK, Citigroup Global Markets Limited UK, Deutsche Bank AG UK, First Bank of Abu Dhabi PJSC, Goldman Sachs International UK, HSBC Bank plc UK, J.P. Morgan Securities Plc UK, Morgan Stanley & Co. International plc UK, the National Bank of Egypt, Natixis, and Standard Chartered Bank UAE.  (2015 - 2019).
  • Advising HSBC Bank plc on the GBP 12,500,000 Term and Revolving Facility Agreement and Egyptian Security Documents granted to Aquaterra Energy Group Limited. (2018)
  • Advising Deutsche Bank AG and HSBC (the Lenders) on the Euro 171,014,404.88 BPIAE Facility Agreement (and its Amendment) towards financing EETC’s Beni Suef, Ismailia, Mostasmereen and Tamyelamdeed Electricity Substations. (2017 & 2018)
  • Advising SFIL (a French société anonyme) in the €171,014,404.88 Facility Agreement between the Egyptian Electricity Transmission Company and Deutsche Bank and other banks. (2017)
  • In cooperation with Allen & Overy (as international counsel), advising BNP PARIBAS FORTIS and SOCIETE GENERALE (lead arrangers and lenders) on the Euro 201 Million facility agreement with the Egyptian Electricity Transmission Company towards financing of the installation of EETC’s six electricity transmission substations of El Baroud, West Maghagha, Kafr El Zayat Extension, Wadi El Natroun, East Assuit and East Banha. (2016)
  • In cooperation with Allen & Overy (as international counsel), advising HSBC Bank plc on the Euro 186 Million facility agreement with the EEHC towards the conversion of the 6th of October 600 MW Electricity Generation Plant into combined cycle. (2016)
  • Advising HSBC Bank PLC (UK) (as SACE facility agent) HSBC Bank plc and HSBC Bank Middle East Limited (as mandated lead arranger and structuring bank) in the Euro 179,114,962 Facility Agreement towards financing EEHC’s 4,400MW Beni Suef Combined Cycle Power Plant. (2016)
  • Advising El Sewedy Power System Projects S.A.E. (the borrower) on the USD 496,268,000 Syndication Facility Agreement with the National Bank of Egypt (as facility agent), Banque Misr, Arab African International Bank, QNB, and Abu Dhabi National Bank (as lenders). (2016)
  • Advising the Arab Bank for Economic Development in Africa (BADEA) on the USD 50,000,000 Line of Credit Agreement providing the African Export and Import Bank (Afreximbank) with a fund for financing trade operations between Arab exports and African imports from African countries eligible to BADEA funding. (2016)
  • In cooperation with Allen & Overy (as international counsel), advising the lenders (HSBC Bank plc and SACE S.P.A., the Italian export credit agency) in the Euro 210 Million financing and foreign sovereign guarantees of EEHC’s 600 MW simple cycle power generation unit. (2015)

  • Banking
  • Capital markets: Debt
  • Covered bonds
  • Project finance
  • Structured finance/securitisation

  • Aviation
  • Banking
  • Energy
  • Insurance
  • Investment management

  • Egyptian Courts of Appeal

  • Egyptian Bar Association

  • LL.B., Cairo University, (2001) 
  • Master’s degree in Law Banking and Finance, Queen Mary College of the University of London, (2003)
  • BA Political Science and History, Bryn Mawr College, Pennsylvania, USA, (1994)