Nour El-Deen Al-Senawy
Nour focuses on transactional and advisory work in the energy sector, as well as financial services sector.
Nour’s experience varies from transactional work including mergers and acquisitions, to corporate advisory and regulatory advice.
In the energy sector, Nour has been involved in several high-level projects in the Egyptian market, notably advising the Egyptian Electricity Transmission Company (EETC) on the renewable energy Feed-in-Tariff (FIT) Program launched by the Egyptian government in 2014, with over USD 2.2 billion in investments. In 2017, Nour helped EETC close 30 projects forming the largest solar park in the word in a single site in Aswan, generating approximately 1.6 GW of electricity. He continues to advise EETC and the Egyptian Electricity Holding Company (EEHC) on high-profile renewable and conventional power projects. Recently he advised EETC (Off-taker) on a 500 MW BOO Wind Project in Ras Ghareb. He also advises EEHC and EETC on mega interconnection projects, to connect the Egyptian power grid across the Middle East, North and East Africa, and Europe.
Nour also advises local and international private investors as well as financial institutions on the development and financing of power projects in Egypt. He recently advised major financial institutions (including EBRD and DFC) on the refinancing of 6 renewable energy projects located in Egypt.
In the financial services sector, Nour regularly advises several local and regional banks on their operations in Egypt and the relevant corporate, commercial, and regulatory matters. In the last 8 years he advised clients in the financial sector on major and complex corporate transactions involving Egyptian banks which headlined the local and regional business press, notably advising:
- Citibank NA on the sale of its retail portfolio and card businesses in Egypt to the Commercial International Bank (Egypt) S.A.E.
- Barclays Bank Plc in the sale of Barclays (Egypt) S.A.E to Attijariwafa Bank.
- Al-Ahli Bank of Kuwait (ABK) in its acquisition of Piraeus Bank SAE.
- Bank Audi S.A.L (Lebanon) in the sale of Bank Audi S.A.E (Egypt) to First Abu Dhabi Bank (the largest Bank in UAE).
- EFG Herms and the Sovereign Fund of Egypt (SFE) on the acquisition of 76% of Arab Investment Bank S.A.E, which resulted in EFG Hermes becoming the first universal bank in Egypt.
- Bank ABC B.S.C (Bahrain) in its acquisition of Blom Bank Egypt S.A.E.
- Bank ABC B.S.C (Bahrain) on the merger of its two Egyptian bank subsidiaries, Bank ABC S.A.E (Egypt) and Blom Bank Egypt S.A.E.
Nour’s working languages are Arabic, English and French.