Mahmoud Bassiouny

Practice Areas

Mahmoud is the Regional Managing Partner of Matouk Bassiouny and heads the Finance & Projects practice group and heads the firm’s energy & water and public procurement sectors. He has over 20 years of experience in trade and project finance and the energy and infrastructure sectors. Earning him the trust of international commercial banks, export credit agencies, and major players in the energy industry. He has excellent working relationships with conventional and Islamic financiers working in the MENA region.

Career

Mahmoud’s practice focuses on engaging and catering to clients that are primarily project/finance-centric. He also advises on the strengths and weaknesses of local security available to lenders in the Egyptian market. This advice may serve any client in any field such as those pertaining to but not limited to oil & gas, energy, lenders, consultancy firms, public and private parties.

Professional Memberships

• Egyptian Bar Association

• Egyptian Business Lawyers Association

• Association of International Petroleum Negotiators

• American Chamber of Commerce

• Canadian Chamber of Commerce

Publications

• International Comparative Legal Guides: Project Finance 2022.

• Getting the Deal Through: Islamic Finance & Markets 2014.

• Bloomberg BNA VAT Navigator 2015.

• Getting the Deal Through: Loans & Secured Financing 2016.

• Organizer and Speaker at: AIPN Europe-Africa and Middle East Chapters host

• “Egyptian Concessions - Overview of Major Legal Issues”- 2016.

• Organizer and Speaker at: Norton Rose Fulbright Energy Academy 2015.

• Organizer and Speaker at the Egyptian Banking Institute (together with Clifford Chance) on “Islamic Finance and Infrastructure Finance”- 2012.

Work Highlights

- Representation of Export Import Bank of the United States on the financing of EgyptAir’s acquisition of 5 Boeing 737-800 aircraft through a finance leasing structure.

- Representation of a syndicate of banks and financial institutions in connection with two financings in the defense sector backed by SACE SpA. Transaction value: confidential.

- Representation of inter alia, HSBC Bank Middle East Limited as Structuring Bank, Commerzbank AG and AKA Ausfuhrkredit-Gesellschaft mbH as Arrangers and AKA Ausfuhrkredit-Gesellschaft mbH as CIRR Agent and Facility Agent in connection with a EUR 250,000,000 facility extended to the Central Bank of Egypt covered by an export credit guarantee issued by the Federal Republic of Germany represented by Hermes.

- Representation of the Export-Import Bank of China, Bank of China Ltd. Beijing branch and China Development Bank in relation to a USD 690 million extended to the Egyptian Electricity Transmission Company.

- Representation of Infinity 50 for Renewable Energy S.A.E in connection with a USD 95 million and EGP equivalent of USD 35.18 million financing of a 50MW solar power plant extended by Bayerische Landesbank and Arab African International Bank, backed by Euler Hermes and PwC Deutsche Revision.

- Advised the Egyptian Ministry of Investment and the Egyptian Ministry of Planning on the creation of the Egyptian Sovereign Wealth Fund and assisting the relevant judiciary departments in the drafting of the Egyptian Sovereign Wealth Fund Law.

- Advised the Egyptian Ministry of Trade and Industry on the drafting of the Franchise Law.

- Advised the Egyptian Ministry of Environment on the creation of an entity for solid waste management.

- Advisedthe Egyptian Ministry of Electricity and Renewable Energy’s Nuclear Power Plants Authority (NPPA) on the construction of Al Dabaa nuclear power plant.

- Advised Lekela Egypt Wind Power BOO S.A.E on a 250MW wind farm project under a Build, Own, operate (BOO) scheme located in Ras Ghareb

- Representation of Aqualia Infrastructuras, as a member of the winning consortium Orasqualia for the New Cairo Wastewater project, the first PPP to reach financial close in Egypt.

- Representation of Access Building Energy Solar One S.A.E. – part of the fast-growing developer and operator of power assets, Access Power - in connection with the financing of circa USD 55 million to facilitate the design, development, financing, construction, testing, commissioning, operation, and maintenance of a 50MW solar photovoltaic power plant under the Feed-in Tariff scheme.

- Representation of Shapoorji Pallonji Energy Egypt S.A.E. – subsidiary of the Indian engineering and infrastructure company SP Group – in connection with the design, construction, operation, and maintenance of a turnkey solar PV project with a nominal capacity of 50 MW, located in Benban, Egypt.

- Representation of Credit Suisse AG, London Branch and HSBC Bank Middle East Limited in connection with the facility of an amount up to USD 616 million and EUR 240 million extended to the Egyptian Electricity Holding Company.

- Representation of Booz & Co, in their capacity as advisors to the Egyptian Government with legal advice relating to all laws, regulations and decrees regulating Nile transportation in Cairo. Advising on the creation of a company operating Nile transportation based on a public private partnership model.

- Representation of International Finance Corporation (the lenders) on the major BOOT financing of EDF’s Port Said and Suez Gulf Projects.

- Representation of J.P. Morgan PLC and Morgan Stanley & Co International PLC and a bank syndicate in granting Petroleum Export Limited V a USD 1 billion Facility.

- Representation of Abu Dhabi Islamic Bank, Egypt, Banque Audi, Banque Misr, and the Islamic Corporation for the Development of the Private Sector (ICD). Together with Clifford Chance with Mezzanine as senior mandated lead arrangers and mandated lead arranger respectively, in connection with granting a EGP 2.5 billion Senior and Mezzanine Istisn’a Ijara/Istisn’a Facilities to Al-Sharkeya Sugar Manufacturing Company S.A.E.

Languages Spoken

Arabic

English

French