Clyde & Co

Recent experience

• Common Lenders' lead Saudi law counsel to, inter alia, JBIC, conventional and Islamic lenders for Petro-Rabigh, a US$8.5 billion refinery and petrochemical project at Rabigh including advice in structuring/devising novel Islamically compliant structures fitting within a larger conventional financing (awarded Project Finance Deal of the Year 2006 by Euromoney/IFLR).
• Senior Saudi Arabian common counsel to the arranger in connection with structuring the first ever Sukuk approved by the Capital Market Authority in the Kingdom of Saudi Arabia for an aggregate issue of SR3 billion (US$800 million, awarded Deal of the Year 2006 by Islamic Finance News).
• Senior Saudi Arabian counsel to the arranger Saudi banks in advising on structuring, documenting and negotiating novel Islamic financing structures in the Kingdom of Saudi Arabia, including Sukuk al Ijara and Sukuk al Mudaraba.
• Senior Saudi Arabian common counsel to conventional and Islamic lenders in connection with a petrochemical project in the Kingdom, Yansab, including advice in connection with assisting in structuring/devising novel Islamically compliant structures fitting into a larger conventional financing (awarded Petrochemicals Deal of the Year 2006 by Euromoney Magazine Middle East) featuring the largest ever Islamic Financing (US$847 million) in any multi-sourced project financing globally).
• Advising on the documentation for a US$526 million polypropylene Al Waha project in the Kingdom of Saudi Arabia (awarded Middle East Islamic Deal of the Year 2006 by the Project Finance Magazine).
• Advising a major international insurer in relation to the structuring and documentation of its takaful options.
• Advising a Saudi company in connection with the issuance of SR250,000,000 Sukuk.
• Senior Saudi Arabian common counsel in connection with Shuaiba IWPP and Shuqaiq IWPP, advising Offtaker, Water and Electricity Company, and its shareholders Saline Water Conversion Corporation.
• Senior Saudi Arabian common counsel in connection with the privatization of the Riyadh Water and Waste Water Department.
• Advising a real estate developer in connection to a forward lease arrangement ("Ijarah Maosoufah Bil thimmah") with an Islamic bank.
• Advising a major construction company in relation to the financing of a (SR1,000,000,000) Murabaha arrangement for a hotel project in Makkah.
• Senior Saudi Arabian common counsel in connection with Makkah Real Estate Transaction, advising lenders on a large scale Islamically compliant real estate development transaction involving Islamically compliant structures.
• Advising a major bank in Norway on an Islamic finance structure for the ownership of real estate.
• Senior Saudi Arabian Lawyer in connection with conducting the due diligence review of Mobily's business in relation to telecommunications, regulatory, commercial/corporate, insurance, litigation and property documents.
• Advising a major international telecommunication company in connection with its bid for a second fixed phone licence in the Kingdom of Saudi Arabia, and on the Islamic finance documentation.
• Advising a major international telecommunications company in connection with its Islamic financing for its bid for the second mobile licence in Qatar.
• Advising a major telecommunications company in its acquisition of shares using a Murabaha structure.
• Advising lenders on a refinancing of aircraft based on a Diminishing Musharakah structure.
• Advising a major international port operator in connection with its bid to operate one of the Saudi Ports based on a 15-year lease.
• Advising a major entertainment company in connection with its IPO.
• Senior Saudi Arabian counsel in the negotiation of Bilateral Investment Promotion and Protection Treaties