Mohamed El-Swefy

Managing Director
26+ years of industry and Big Four tax experience across the MENA region
Specialist in business tax, including corporate tax advisory and compliance, tax governance, and tax control frameworks
Experience across industries, including financial services, entertainment and hospitality, and real estate
Dubai
@alvarezmarsal
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Mohamed El-Swefy is a Managing Director with Alvarez & Marsal Tax in the United Arab Emirates. He has more than 26 years of tax experience in industry and with the Big Four. 

Mohamed focuses primarily on business tax, including corporate tax advisory and compliance, in addition to assisting clients with establishing robust tax governance and control frameworks. Furthermore, he leads A&M’s tax services team for the financial services industry in the United Arab Emirates.

Mohamed’s notable assignments include corporate tax advisory and structuring, tax compliance, and tax governance. He has worked with clients across various industries, including financial services, entertainment and hospitality, and real estate.

Prior to joining A&M, Mohamed was a Tax Partner with EY Middle East and North Africa (MENA) in Dubai, where he was responsible for corporate tax advisory and leading tax governance across MENA. Before that, he was a Partner with KPMG in Saudi Arabia, leading the tax function in Jeddah along with family business– and private client–related tax services. He also spent 21 years in leading tax roles at HSBC, both locally as a Head of Tax in Egypt and as a Regional Head of Tax for MENA and Turkey, based in Dubai.

Mohamed earned a bachelor’s degree in commerce and business administration (major in accounting) from Helwan University, Cairo. He has also earned an Advanced Diploma in International Taxation (ADIT) from the Chartered Institute of Taxation (CIOT) in the UK.

Insights By This Professional

Watch the webinar recording: UAE R&D Tax Credit I Cabinet & Ministerial Decisions: Key Practical Takeaways
The current geopolitical conflict in the Middle East has prompted an unplanned shift in mobility patterns across the region. Alvarez and Marsal's latest article lays focus on some of these challenges from a tax perspective, to raise awareness of potential issues and offer guidance on possible solutions or mitigating measures.
The UAE has now issued Ministerial Decision No. (24) of 2026 (the “Ministerial Decision”), setting out the detailed implementing rules for the R&D Tax Credit framework introduced under Cabinet Decision No. (215) of 2025 for the purposes of the UAE Corporate Tax regime.
This is a significant milestone.
he UAE has now published the longawaited framework legislation for an R&D tax credit under the UAE Corporate Tax regime through Cabinet Decision No. (215) of 2025.