Ayman Heikal

Ayman Heikal

Partner and Head of Capital Markets, UAE Offices

Ayman is a Partner and the Head of the Capital Markets Practice Group at Matouk Bassiouny UAE offices. He is one of the MENA region’s finest attorneys and brings more than 26 years of experience in the UAE in public and private offerings, company establishments, M&As, capital increases and reductions, strategic partnership counseling, restructuring, liquidation, and bankruptcy.

In addition to his previous active participation in drafting and negotiating numerous drafts of federal commercial, economic, and capital market laws, and their executive regulations and implementing decisions. The most important of these laws are the Commercial Companies Law, the Law regulating the Auditing Profession, the Law on Bankruptcy, and the Corporate Governance Guide on Public and Private Joint Stock Companies. He was also involved in the drafting of the Gulf Cooperation Council Countries Unified Guidelines in the field of commercial and economic laws, as he used to occupy the positions of the legal advisor to his excellency, the Minister of Economy, the legal consultant of the Securities and Commodities Authority as well as member of the board of trustees of the Corporate Social Responsibility Fund of the United Arab Emirates as well as his previous work as the legal advisor of the Ministry of Economy.

Practice Focus
Ayman’s practice focuses on commercial law, trade regulations, financial markets, securities law, mergers and acquisitions, corporate governance, corporate compliance, foreign investment law, corporate social responsibility, division of companies, liquidation procedures, divestments, and the dissolution of entities.

Selected Recent Experience

  • Acted as the legal advisor to his excellency the Minister of Economy – Chair of the Securities and Commodities Authority
  • Acted as legal advisor in connection with advising on federal decree laws concerning commercial activities, foreign investment, financial market regulations, and bankruptcy and its amendments.
  • Acted as legal advisor in connection with advising on federal laws and their amendments involving the auditing profession, commercial activities regulatory laws, arbitration, and provisions of the Insurance Authority and its operations.
  • Acted as legal advisor in connection with advising on cooperation regulations, AML, economic crimes, public joint-stock company shares, pricing procedures for securities, registration of shares in private joint-stock companies, and regulatory adjustments.
  • Acted as legal advisor to the National CSR Fund “MAJRA” in connection with advising on the framework and governance for sustainable impact and corporate social responsibility in the UAE.
  • Acted as the legal advisor to the Arab Investment Bank.
  • Acted as the legal advisor to Delta International Bank (currently, Ahli United Bank).

Education

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Ain Shams University, Cairo, Egypt, Master’s Degree in International Trade Law, LL.M
1989
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Ain Shams University, Cairo, Egypt, Bachelor of Law, LL.B
1986

Publications

  • Organizing legal seminars and discussions for employees and market professionals on legal and financial market issues
  • Participated in the unified rules for the issuance of shares in the financial markets of the GCC countries.
  • Participated in the rules for initial bond and sukuk issuance in the GCC financial markets.
  • Involved in the unified rules for capital investment and financing in the GCC.
  • Participated in the unified law for the practice of auditing in the GCC.
  • Professional Associations and Memberships

  • National Corporate Social Responsibility Fund  —  Member of the Board of Trustees - 2019 – 2022
  • Egyptian Bar Association  —  Member