Financing Law in Egypt — Mazghouny & Co

We provide expert advice to borrowers and lenders on project financing for ventures spanning infrastructure, energy, water, and transport. Our financing practice is a niche practice with cross-border expertise, offering commercially astute legal advice across asset finance, corporate lending, and real estate finance.

We are fluent in the language of development finance institutions — EBRD, AfDB, BII, FMO, DEG, DFC, Abu Dhabi Fund for Development — and have advised on financing structures involving most of the major multilateral and bilateral lenders active in Egypt. We understand their documentation requirements, their conditions precedent frameworks, and their environmental and social governance standards.

Our financing mandate experience spans green bonds, non-recourse project finance, equity bridge loans, re-lending facilities, credit guarantee schemes, and asset finance — across sectors including renewable energy, transport, healthcare, and MSME lending.

What We Do

Financing Advisory Services

Project Finance

Non-recourse and limited-recourse financing structures, facility agreements, security packages, intercreditor arrangements, and common terms documentation.

Green & Climate Finance

Green bond issuance and documentation, Climate Bond certification, ESG compliance, and climate finance instrument structuring for renewable energy and infrastructure.

DFI Lending

Development finance institution lending documentation — both lender-side and borrower-side — for EBRD, AfDB, BII, DFC, FMO, DEG, and bilateral development banks.

Asset & Corporate Finance

Asset finance structures for equipment and rolling stock, corporate lending, investment-grade facilities, and syndicated loan documentation.

Equity Bridge Financing

Equity bridge loan structuring, draw conditions, repayment structures, and integration with project finance documentation stacks.

MSME & Guarantee Schemes

Credit guarantee facility structuring, MSME lending advisory, and on-lending arrangement documentation for development-oriented financial products.

Common Questions

Financing in Egypt

What is a green bond and how does it work for Egyptian energy projects?

A green bond is a debt instrument whose proceeds are earmarked exclusively for projects with environmental benefits — renewable energy, clean transport, green buildings, and similar. We advised on Africa's first green project bond issuance: USD 334.5 million to refinance six Benban solar plants, arranged by Mitsubishi UFJ Financial Group with EBRD credit enhancement. The bonds were Climate Bond certified, meaning they met the international standard for green labelling. For Egyptian energy projects, green bonds offer access to a growing pool of ESG-mandated institutional capital at competitive terms.

Do DFIs like EBRD and AfDB require Egyptian law local counsel?

Yes. Development finance institutions universally require local counsel to opine on the enforceability of their security documents, the validity of governing law choices, regulatory approvals, and the legal capacity of borrower entities under Egyptian law. We have provided these opinions on multiple DFI-financed transactions. We work seamlessly alongside international counsel appointed by the DFI or the borrower, and are familiar with the documentation standards of EBRD, AfDB, BII, DFC, and FMO.

Can you advise on the lender side and the borrower side of the same project type?

Yes, on different transactions. We have advised lenders (including acting as lenders' counsel on the Egyptian National Railways financing) and borrowers across various project finance transactions. We do not act for both sides in the same transaction, but our experience on both sides of the financing table makes us more commercially effective for whichever party we represent.

Financing

Financing Advisory Services

Financing Mandates

Financing in Egypt

Discuss your financing mandate