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HUJJAحجةHUJJA — law firm
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Banking & Finance

Lending, security, syndication and regulatory work for banks, borrowers and non-bank financial institutions.

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Lead partner

Hala Shukri

Hala Shukri

Managing Partner

Corporate & M&A · Banking & Finance

Arabic · English · French

Portrait pending

What we do

  • Facility agreements, bilateral and syndicated
  • Security packages: mortgages, share pledges, receivables assignment
  • Registration of security at the movable assets registry
  • Project and acquisition finance
  • Islamic finance structures — murabaha, ijara, sukuk
  • CBE and FRA regulatory advice and licensing
  • Leasing, factoring and consumer finance
  • Restructuring and enforcement of security

How a matter runs

  1. 01

    What we do

    We review the term sheet and flag what will not survive Egyptian law before drafting starts.

    What you provide

    The term sheet and the borrower’s corporate structure.

    Typical duration

    3–7 days

  2. 02

    What we do

    Documentation and the security package, sequenced so registration is possible.

    What you provide

    Corporate approvals and asset schedules.

    Typical duration

    3–6 weeks

  3. 03

    What we do

    Conditions precedent, legal opinions and drawdown.

    What you provide

    The CP documents. Most delays are here.

    Typical duration

    2–8 weeks

  4. 04

    What we do

    Perfection and registration of security, then ongoing compliance.

    What you provide

    Signatories and registry fees.

    Typical duration

    2–10 weeks by security type

What it typically costs

What it typically costs — Banking & Finance
StructureIndicative band
HourlyFor matters whose shape is not known at the outset. We agree a cap before starting.Partner EGP 3,500–5,500 · Associate EGP 1,200–2,200 per hour
Monthly retainerFor ongoing advisory work where volume is steady and predictable.EGP 15,000 – 60,000 per month, by scope
Fixed fee per facilityFor standard bilateral facilities on the bank’s own template.EGP 60,000 – 200,000

What moves the number

  • The number of security types and where each must be registered
  • Whether the structure is conventional or Islamic
  • Whether a regulator’s approval is on the critical path
  • The number of lenders in a syndicate

These are indicative ranges, published so you can budget before you call. A fixed quote follows the first meeting, once we know the facts. Fees are agreed in writing before any work begins.

Questions we're asked

Can we take security over movable assets in Egypt?

Yes, through the movable assets security registry, which works well and is fast. It covers receivables, inventory, equipment and bank accounts.

How long does registering a mortgage take?

A real estate mortgage depends entirely on whether the property’s title is registered. On registered title, weeks. On unregistered title, it may not be possible at all — which is why we check before the facility is signed.

Do you act for lenders or borrowers?

Both, on different transactions. Conflict check first.

Is an English-law facility agreement enforceable here?

The choice of law is generally respected, but security over Egyptian assets must comply with Egyptian law regardless. Splitting the documents accordingly is standard.

What licences does a lending business need?

That depends on who you lend to and how. Consumer finance, leasing, factoring and microfinance each have their own FRA licence. Lending without the right one is a criminal exposure, not a regulatory one.

Can profit be charged above the statutory interest cap?

Between merchants the position differs from civil transactions, and Islamic structures are treated separately. This is a question to ask before pricing, not after the first default.

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