Matouk Bassiouny

Matouk Bassiouny & Hennawy (“MBH”) is pleased to announce that we acted as the Egyptian legal counsel to CALC (China Aircraft Leasing Group Holdings Limited), a leading global aircraft lessor listed on the Hong Kong Stock Exchange, in connection with the completion of the delivery of two new Airbus A320neo aircraft to Air Cairo, under operating lease arrangements.

The two Airbus A320neo aircraft, powered by CFM International LEAP-1A engines, have been registered on the Egyptian civil aircraft registry as part of the transaction. Their delivery supports Air Cairo’s continued expansion of its domestic and international network and further strengthens CALC’s presence in the Egyptian aviation market.

With the completion of this transaction, CALC’s fleet of Airbus A320neo aircraft leased to Air Cairo has increased to four aircraft, further developing the leasing relationship between the two companies, which began in 2023.

The MBH team was led by Sherif El Hosseny, Partner and Head of Aviation, with the support of Associates, Malak Al Amiry, Farida Degheidy and Nayera Thabet.

Commenting on the transaction, Sherif El Hosseny said “We were pleased to once again support CALC on the continued expansion of its partnership with Air Cairo. This transaction reflects the growing activity in Egypt’s aviation sector and the continued confidence of international aircraft lessors in the Egyptian market.”

Matouk Bassiouny & Hennawy has extensive experience advising international aircraft lessors, airlines, financial institutions and other stakeholders on aviation transactions in Egypt, including aircraft acquisitions, operating and finance leases, registrations and related regulatory matters.

For more information about Matouk Bassiouny & Hennawy, please visit matoukbassiouny.com or contact [email protected]

Matouk Bassiouny & Hennawy has acted as Egyptian legal counsel to Vitabiotics Group Holdings Limited in connection with the sale of Vitabiotics, the U.K.’s No.1 vitamin company* with a presence across more than 70 markets, including its UK operations and the wider VB Group (including Meyer Organics in India, and its operations in Africa, including VB Egypt), to Bain Capital. The transaction represents a significant cross-border healthcare and pharmaceutical transaction.

The transaction was signed in July 2026, and its completion is subject to customary regulatory approvals. As Egyptian counsel, Matouk Bassiouny & Hennawy advised on all aspects relating to the Group's Egyptian operations in connection with the sale.

Matouk Bassiouny & Hennawy’s involvement was led by Omar S. Bassiouny, Founding Partner and Group Head of Corporate and M&A, and Shery Soliman, Senior Associate.

*Source: Nielsen GB ScanTrack Value and Unit Sales 52 w/e 4th October 2025

For more information, please contact [email protected].

Matouk Bassiouny & Hennawy has advised Turin Egypt and its investors (SPE Capital-managed fund SPE PEF III, the European Bank for Reconstruction and Development, Tanmiya Capital Ventures and British International Investment, the UK’s development finance institution) in connection with the sale of 100% of the share capital of Tamweely Financial Services S.A.E. to e-finance for Digital and Financial Investments S.A.E., an EGX-listed company, for an upfront consideration of approximately EGP 4.8 billion, comprising 146.1 million newly issued e-finance shares and EGP 956.4 million in cash.
The transaction represents one of the largest exits to date in Egypt’s non-banking financial services sector, bringing together one of Egypt’s largest digital financial infrastructure platforms and one of its fastest-growing MSME lenders.

Tamweely is an FRA-regulated microfinance lender that has expanded its offering to include SME lending, leasing and micro-insurance. Established in 2017, it operates a nationwide network of approximately 250 branches across 24 governorates and has disbursed approximately EGP 20 billion in financing to more than 600,000 clients. The acquisition provides e-finance with direct access to Tamweely’s established MSME lending platform and further strengthens its position in Egypt’s digital and financial services sector.

The transaction is structured as a combination of cash consideration and a share swap in e-finance, comprising 146.1 million newly issued e-finance shares at EGP 26.34 per share, representing approximately 4% of e-finance share capital, together with cash consideration of EGP 956.4 million and a deferred cash consideration linked to the achievement of agreed FY2026 and FY2027 net income targets.. The structure required the alignment of four institutional sellers, including two development finance institutions, as well as the coordination of private M&A protections with listed-company disclosure and valuation requirements.

Matouk Bassiouny & Hennawy advised on the transaction structure and led the negotiation of the share purchase agreement and the ancillary transaction documents. Completion remains subject to the approval of the Financial Regulatory Authority and the Egyptian Competition Authority and is expected to take place in the second half of 2026.

“We were pleased to support our client and its institutional investors on this complex transaction, which brought together multiple sellers and required careful coordination across M&A and capital markets considerations,” said Tamer El Hennawy, Partner and Co-Head of Capital Markets and Corporate and M&A.

The Matouk Bassiouny & Hennawy team was led by Tamer El Hennawy, Partner and Co-Head of Capital Markets and Corporate and M&A, and Hazem El Guindi, Partner, with Senior Associate, Shaimaa El Fahmy and Associate, Dior Assaf.

For more information, please contact [email protected].

For more information about the deal: https://enterpriseam.com/egypt/2026/08/12/e-finance-to-acquire-tamweely-for-as-much-as-egp-5-bn/

Matouk Bassiouny & Hennawy has advised RMBV in connection with a USD 60 million convertible loan to HENA Holdings Ltd to finance its acquisition of a strategic stake in Integrated Diagnostics Holdings plc (IDH), a Jersey-incorporated company listed on the London Stock Exchange.

The transaction represents a significant cross-border financing involving multiple jurisdictions, including Egypt, Jersey, the British Virgin Islands, the Cayman Islands, the Netherlands and the United Kingdom. The financing is secured by a Jersey law share security package over the financed shares and contemplates the parties entering into a Shareholders’ Agreement following conversion and the de-listing of IDH.

The transaction required coordination across multiple legal and regulatory frameworks and involved the structuring and documentation of a complex financing and security package spanning several jurisdictions.

“We are pleased to support RMBV on this cross-border financing, which involved multiple jurisdictions and required close coordination across legal and regulatory frameworks.”, said Omar S. Bassiouny, Founding Partner and Group Head of Corporate and M&A.

The Matouk Bassiouny & Hennawy team was led by Omar S. Bassiouny, Founding Partner and Group Head of Corporate and M&A, along with Senior Associates Omar Al Fadaly and Omar El Shabassy, and Associate Nourhan Sayed.

For more information, please contact [email protected]
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Matouk Bassiouny & Hennawy (MBH), acting as local Egyptian legal counsel to Emirates NBD P.J.S.C., advised on the acquisition, by its wholly owned Egyptian subsidiary, Emirates NBD Egypt S.A.E., of the retail banking business of HSBC Bank Egypt S.A.E.

The transaction follows a competitive sale process conducted by HSBC, following which Emirates NBD was selected as the successful bidder. Completion of the transaction remains subject to the satisfaction of regulatory approvals and closing conditions.

Upon completion, Emirates NBD Egypt will acquire HSBC Egypt’s retail banking portfolio, together with the associated branches, ATM network, customer base, relevant employees and related business operations. The transaction is expected to further strengthen Emirates NBD Egypt’s position in the Egyptian banking sector while enhancing connectivity across the UAE–Egypt corridor. The acquisition represents one of the most significant banking M&A transactions in Egypt in recent years.

Acting as local Egyptian legal counsel, MBH advised Emirates NBD on all aspects of Egyptian law, including legal due diligence, negotiation of the transaction documentation and the Egyptian banking regulatory aspects of the transaction. Clifford Chance acted as international legal counsel to Emirates NBD, and the firms worked closely together to deliver an integrated cross-border legal advisory team.

The matter was handled by MBH’s Corporate and Mergers & Acquisitions Department, headed by Omar Bassiouny, Founding Partner and Group Head of Corporate and M&A, with the transaction team led by May Elshaarawy, Partner, and Toaa Alaa, Senior Associate.

This transaction further demonstrates MBH’s extensive experience advising on complex mergers and acquisitions in the banking sector, including share and asset transactions, as well as some of Egypt’s most significant banking sector consolidation transactions.

What an incredible journey it's been. From the virtual preliminary rounds on 17–18 July to the electric atmosphere at our Cairo premises on 31 July – 1 August, the FDI Moot North Africa Regional Rounds was a celebration of legal excellence.

Matouk Bassiouny & Hennawy is immensely proud to have hosted teams from various countries and witnessed the remarkable talent and dedication of the next generation of international arbitration practitioners.

A special thank you to:

Our partners and organizing committee – Dr. Amr Abbas, Hesham El Wakeel, Mohamed Magdy, Ingy Ihab, Adham Ahmed, Mirna Ghobashy, Alia Moussa, Ahmed Abdelgaid, and Samir Alashqar for their tireless work
All participating teams – your preparation and advocacy were world-class
Our arbitrators – for their valuable expertise and guidance
Our volunteer bailiffs - Youssef Mohamed and Arghad Aboghader
The Law – for their professional media coverage

Congratulations once again to Team ElErian, the champions of the 2026 FDI Moot North Africa Regional Rounds – we look forward to seeing you represent North Africa at the Global Rounds.

Matouk Bassiouny remains committed to fostering legal excellence and supporting the arbitrators and advocates of tomorrow.

For more information: https://fdimoot.org/regionals.php
Contact us: [email protected]
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We are delighted to share the successful conclusion of the Preliminary Rounds of the 2026 FDI North Africa Regional Rounds, hosted virtually by Matouk Bassiouny & Hennawy Law Firm ("MBH") on 17 and 18 July 2026.

We congratulate and thank all participating teams for their exceptional preparation, dedication, and advocacy throughout the competition. Your commitment has been instrumental in making this year's Regional Rounds a great success.

Congratulations to the teams advancing to the Quarter-finals:

ElErian
Morozov
Rao
Elaraby
Vereshchetin
Momtaz
Elkosheri
Sebutinde

The Quarter-finals will take place in-person on 31 July 2026 at MBH Cairo premises. Advancing teams will receive further details regarding the schedule and logistics.

Furthermore, we are pleased to announce the Individual Advocate Awards for best performance in the preliminary rounds:

Best Oralist: Hazim Azab (Morozov)
Runner-up Best Oralist: Samah Tarek (ElErian)
Honorable Mentions:
Hana Alansary (Rao)
Mariam Hossam (ElErian)
Mahmoud Khaled (Elaraby)

We congratulate all award recipients and advancing teams, and thank every participant for your sportsmanship and valuable contribution to the 2026 FDI Moot. We wish you the very best in your future endeavors!

For more information: https://fdimoot.org/regionals.php

Contact us: [email protected]

Follow us: https://www.linkedin.com/showcase/fdi-moot-north-africa/about/

We are pleased to announce that Matouk Bassiouny has obtained judgment before the Dubai International Financial Centre (DIFC) Court of First Instance recovering more than AED 11 million for its client on an AED 5 million loan advanced in December 2014. Most notably, the DIFC Court confirmed two significant principles for lenders and litigants: it confirmed that a debtor cannot rely on the passage of time to avoid repayment where he has concealed his own wrongdoing, and that the DIFC Courts will make good the true cost of delay by awarding compound interest.

The Defendant denied ever receiving the funds and contended that the claim was time-barred. Following a two-day trial, H.E. Justice Sir Jeremy Cooke found that the AED 5 million had been advanced, that the Defendant’s evidence was “not credible”, and that his intentions were “fraudulent”. Applying section 32 of the English Limitation Act 1980, the Court confirmed that where a claim is based upon the defendant’s fraud, or where facts relevant to the claim have been deliberately concealed, time does not begin to run until the claimant discovers the fraud or concealment, or could with reasonable diligence have discovered it. On the facts, the fraud could not reasonably have been discovered more than six years before the claim was filed.

On the award of interest, the Court held that interest “should run at a rate which is genuinely compensatory for being kept out of the use of the money, which means a compounded rate”, and awarded 9% per annum, compounded, from the date repayment fell due. Unlike onshore UAE law, where Article 88 of the Commercial Transactions Law prohibits compound interest, the DIFC Courts may award compound interest where the facts justify it.

The team advising on this case was led by Ahmed Tony, PhD (Partner), supported by Youssef Nassar (Senior Associate) and Alia Elraey (Associate), together with Counsel Sajid Suleman of Outer Temple Chambers.

Commenting on the judgment, Ahmed Tony said: “The main challenge in this case was limitation. This judgment demonstrates that a limitation defense should not be accepted at face value without properly examining the facts behind the delay. We are pleased to have supported our client and secured a favorable outcome.”

Led by Founding Partner and Group Head of Dispute Resolution, F. John Matouk, our International Dispute Resolution (IDR) team advises on complex cross-border disputes across the region. With common law-qualified lawyers admitted in England & Wales and New York, the team has extensive experience representing clients before the ADGM and DIFC Courts and collaborates with specialist barristers to deliver seamless, high-quality representation.



Full judgment: https://www.difccourts.ae/rules-decisions/judgments-orders/court-first-instance/karthi-keyan-venkat…

Case Reference: Venkataramana v Ali, DIFC CFI-110-2025, Judgment of H.E. Justice Sir Jeremy Cooke dated 15 July 2026.

Matouk Bassiouny & Hennawy (“MBH”) has secured a landmark judgment dismissing, in its entirety, a medical liability claim exceeding EGP 200 million, brought against one of the leading medical institutions in the Kingdom of Saudi Arabia.

The claim, brought before the Egyptian courts against the hospital and the treating physician, alleged that surgical procedures performed in 2021 had resulted in permanent quadriplegia, and sought damages exceeding EGP 200 million against the defendants jointly.

MBH’s Litigation team advanced a comprehensive strategy challenging both the factual and medical foundations of the claim. Through compelling documentary evidence, expert submissions, and strategic advocacy, the team demonstrated that the Claimant’s assertions were inconsistent with the objective medical evidence.

Given the technical nature of the dispute, the Court referred the matter to the Egyptian Forensic Medicine Authority for expert examination.

In a notable procedural achievement, MBH obtained an exceptional interlocutory judgment permitting the defendants and their representatives to attend the medical examination sessions — ensuring full transparency throughout the process.

The Authority ultimately concluded that the treatment provided by the hospital was fully consistent with accepted medical standards and that no malpractice had occurred.

Relying on these findings, the Court dismissed the claim in its entirety — a complete victory for MBH’s client.

The outcome reflects MBH’s ability to manage sophisticated, high-value litigation involving complex medical and technical issues, and reinforces the firm’s track record of protecting clients against substantial and unsubstantiated claims.

The MBH team that handled this matter was led by Dr. Mohamed Shehata (Partner and Head of Litigation & TMT), Reda Morsy (Legal Director), Eslam Abdeldayem (Counsel), Ayman Seddik (Legal Director for Criminal Enforcement & Intelligence), Mohamed Hanafy (Associate) and Abdelrahman Agha (Associate).