EGYPT / PROFESSIONAL BIOGRAPHIES
Ashraf Ihab Founding partner
Zulficar & Partners Cairo
Tel: +20 2 24612161 Email:
ami@zulficarpartners.com Web:
www.zulficarpartners.com
Mona Zulficar Founding partner and chairperson
Zulficar & Partners Cairo
Tel: +202 246 12 161 Email:
msz@zulficarpartners.com;
msz@zp.com.eg Web:
www.zulficarpartners.com
Biography: Ashraf Ihab is a founding partner, head of the banking department and deputy to the chair of executive committee at Zulficar&Partners. A practicing attorney formore than 29 years, Ashraf specialises in finance and bankingmatters and has advised lending banks and borrowers in various large syndication agreements. In 2002, he was appointed as a boardmember of the Egyptian IndustrialDevelopment Bank, as part of the government reformof the banking sector.He headed the legal department ofMashreq BankDubai in 2005 to 2006.
Recent transactional highlights: • Advising African International Bank and others as lenders on: • Second addendum agreement to the facility agreement in two tranches for an amount not exceeding E£1064 million ($153 million) and $280 million to Suez Steel Company (November 2013).
• Addendum to a syndicated medium term facility agreement in two tranches for an amount not exceeding E£1082 million as a medium term loan and E£20 million as a revolving term facility to Arab National Cement Company (June 2013).
• Advising HSBC, Egypt and others as lenders on a syndicated revolving facility for the amount of E£670 million to Beni Suef Cement Company (February 2013)
• Advising National Bank of Egypt and others as lenders on: • Addendum to a syndicated facility agreement in three tranches in the amount of E£2.27 billion to Al Ezz RollingMills Company (June 2013).
• Syndicated medium term facility agreement for E£2.9 billion to MobiNil (September 2012).
• Advising on several significant capital market transactions including bond issuances byMobiNil for £1.5 billion (January 2010) and by Orascom Constriction Industries for E£1.65 billion (September 2010).
Practice areas: Corporate Sector specialisations: Banking and financial services Languages: Arabic and English Bar admissions: Egypt
Association memberships: International Bar Association American Chamber of Commerce
Academic qualifications: LLB, Cairo University
Related articles by this lawyer: Please visit
www.zulficarpartners.com
Biography:Mona Zulficar is a founding partner and chairperson of the Firm’s executive committee. Being the leading banking and finance lawyer in Egypt,Ms Zulficar oversees the operations of the firm’s Banking, Finance and CapitalMarkets groups.
A practicing attorney for more than 30 years, she is a specialist in major financial, industrial, and commercial transactions and has negotiated, drafted, and concluded all the major contracts in Egypt.
Ms Zulficar is particularly recognized for handling ground breaking or precedent transactions, such as the first Egyptian BOOT Power Plant in Sidi Krir, the first GSMTelecom Concession toMobiNil, the first leverage buyout of Helwan Cement Company, and the first successful PPP in Egypt in relation to the New CairoWastewater Treatment Plant. She has also handled the largest bond issues, such as the bond issue in excess of L.E. one billion by Egyptian Cement Company and byMobiNil for L.E.1500 million. She regularly handles other major investment banking transactions, IPO’s, securitization and GDR/ADR issues. In 2010, she acted as Counsel to Vimpelcom in the Share Sale and Exchange Agreement between Vimpelcom andWeather for approximately USD6.6 Billion. In 2011, she led the negotiations for the Sale and Purchase Agreement between Electrolux and Paradise Capital SAE, with a total transactional value exceeding USD 450 million.
Practice areas: Investment banking Credit
Project finance Mergers and acquisitions
International commercial transactions Sector specialisations: Finance and banking Languages: Arabic, English and French Bar admissions: Egypt
Association memberships: Egyptian Bar Association International Bar Association BoardMember, Central Bank of Egypt (2004-2011) Advisory Committee, UN Human Rights Council (2008-2013) VP Constitutional Committee of 50 (Egypt 2013)
Academic qualifications: BSc, Economics and Political Science, Cairo University, 1969 LLB,Mansoura University, 1980
IFLR1000 / LEADING LAWYERS 2014 29
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