{"id":55942,"date":"2026-05-11T15:39:01","date_gmt":"2026-05-11T15:39:01","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=55942"},"modified":"2026-05-11T15:39:28","modified_gmt":"2026-05-11T15:39:28","slug":"mbh-advises-national-bank-of-egypt-on-equity-partnership-agreement-with-scatec-for-obelisk-hybrid-project-in-egypt","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/mbh-advises-national-bank-of-egypt-on-equity-partnership-agreement-with-scatec-for-obelisk-hybrid-project-in-egypt\/","title":{"rendered":"MBH advises National Bank of Egypt on equity partnership agreement with Scatec for Obelisk hybrid project in Egypt"},"content":{"rendered":"<p><strong>We are pleased to announce that Matouk Bassiouny &amp; Hennawy (&#8220;MBH&#8221;) acted as legal counsel to National Bank of Egypt (&#8220;NBE&#8221;), the largest commercial bank in Egypt, in connection with a shareholder agreement with Scatec ASA for an equity partnership in Scatec&#8217;s 1.1GW solar and 100MW\/200MWh battery storage hybrid project, Obelisk in Egypt.<\/strong><\/p>\n<p><!--more--><\/p>\n<p>Following the transaction, NBE holds a 20% economic interest in the project. Scatec retains a 40% economic interest while maintaining majority control through a layered ownership structure, with the remaining stakes held by EDF power solutions (20%) and Norfund (20%).<\/p>\n<p>The transaction reflects growing local institutional participation in Egypt&#8217;s renewable energy sector and supports Scatec&#8217;s strategy of bringing in high-quality partners to optimize capital structure while retaining control of core assets.<\/p>\n<p>The MBH team advising on the transaction was led by Hazem El Guindi (<em>Partner<\/em>) on the corporate section, and Mahmoud Bassiouny (<em>Regional Managing Partner Group Head of Finance &amp; Projects)<\/em> and Iman Nassar (<em>Senior Associate<\/em>) on the financing section.<\/p>\n<p>For more about Matouk Bassiouny, visit https:\/\/matoukbassiouny.com\/<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-55942","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/55942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=55942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}