International law firm Clifford Chance is advising Emirates NBD Bank P.J.S.C. (Emirates NBD) on the acquisition by its wholly owned subsidiary, Emirates NBD Egypt S.A.E., of the retail banking business of HSBC Bank Egypt S.A.E. (HSBC Egypt).
The transaction remains subject to regulatory approvals and closing conditions.
As part of the transaction, Emirates NBD Egypt will acquire HSBC Egypt’s retail banking portfolio along with the associated branch and ATM network, customer base and relevant employee base. The transaction is expected to enhance Emirates NBD Egypt’s market positioning as a leading retail and premium banking franchise in Egypt, while deepening the connectivity for the Group across the UAE-Egypt corridor.
The Clifford Chance team was led by Regional Managing Partner, Middle East and Türkiye, Mohammed Al-Shukairy.
Mohammed commented “We have a highly valued relationship with Emirates NBD and are delighted to continue to play a role in their exciting journey and impressive expansion. Emirates NBD continues to show leadership in financial services across the region and beyond.”
He was supported by a team from across the Clifford Chance network, including: James Dadford (Senior Associate), Cari Sweeney (Senior Associate), Gareth Dray (Legal Director), Yara Hage (Associate), Jack Hardman (Partner), Karim Vellani (Associate), Paul Coates (Partner), Alistair Woodland (Partner), Clare Hoxey (Partner), Laura Conway (Senior Associate), Nuri Mirwani (Senior Associate), Kate Haywood (Senior Associate), Becky Moore (Senior Associate), Tom Jagger (Associate), Zayed Al Jamil (Partner), Jamie Andrew (Counsel), Mark Comber (Senior Associate), Sabrina Rodrigues (Associate), Violetta Kokolus (Partner), Hayley Kwan (Associate), Edward Page (Partner), Viktoria Parkhomenko (Senior Associate) and Archie Zverev (Associate).
The transaction adds to Clifford Chance’s extensive experience advising leading financial institutions on significant banking and financial services transactions across the Middle East, North Africa and Türkiye.
Clifford Chance recently celebrated 50 years in the Middle East. Its regional M&A/ Private Equity practice is consistently top ranked by leading legal directories and is ranked first in the Middle East for M&A by deal value in Mergermarket’s H1 2026 league tables.
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