Al Alawi & Co is a domestic firm that is generally active in financial and corporate work.
During the research period the firm has been involved in Islamic finance – acting for lenders on musharaka (partnership finance), and Ijarah (capital leasing) structures. It also advised on a conventional financing for an infrastructure projects.
In M&A the firm has been advising on acquisitions in marine services and commercial sectors. Other corporate work saw the firm assist with restructuring of a company involved with limestone mining.
In the projects area the firm has advised on project work relating to power and utilities developments, advising on procurement.
Within the research period the firm recruited Riza Ismail to lead its banking and finance team. Partner Jeffrey Jerome Greene, formerly corporate practice head, moved into a consultancy role. Associate partner Arsalan Buriro left the firm.
“Good responsive firm with efficient advice, very practical and clear.” – M&A
“It was ok.” - Project development
“They are good, quick to respond, with a good understanding of local law and recent changes in commercial laws in Oman. Their fees are reasonable too.” - Real estate
“Sahil is very pleasant to work with and a very knowledgeable and accessible lawyer. I enjoy working with him and would without doubt continue to consult him.”
“He is very good. He provides solutions, is very quick in response and mostly meets deadlines.”
Al Busaidy Mansoor Jamal & Co (AMJ) is the market leading domestic firm in Oman. It has arguably unparalleled local law expertise and track record of providing quality advice across all types of the financial and corporate deals.
During the research period the firm has been active across banking, capital markets, M&A and on projects.
In Islamic finance, the firm has done at a lot of work for Meethaq Islamic Banking as the lender on various deals to borrowers. It also advised on various sukuk, including by the state.
In project finance the firm advised lenders on various deals including for a 100MW solar project, three hospitals, a water desalination plant, and for an oil and gas refinery.
In capital markets work the firm advised on completed IPOs, and is still advising on several planned deals.
In other project work the firm also advised sponsors in relation to a solar IPP and on a healthcare PPP.
During the research period the firm hired projects lawyer Henry Mitchell as senior associate from Chapman Tripp.
Recent Data Deal highlights
•Dhofar Generating Company Muscat Securities Exchange IPO
•Sultanate of Oman $1.5 billion sukuk issue
“This law firm provides high-quality legal banking and financing work. We are very satisfied in terms of cost, quality and punctuality.” - Banking
“Excellent. They will need to improve their exposure to more international transactions.” - Capital markets: Debt
“We have several legal advisors, but AMJ is our go-to legal advisor. While all contacts (junior to senior) at the firm are easily accessible, we have a dedicated one person point of contact (Armughan Ashfaq). His advice is always spot on and very timely. If required, he can tap into any relevant resource at AMJ depending on the nature of our enquiry, but from our perspective it is seamless and painless. I really enjoy working with Armughan and AMJ in general.” - Capital markets: Equity
“Globally satisfied.” - Financial services regulatory
“The firm raised a number of items and challenged the bank on them.” - Investment funds
“We started using AMJ as our lawyer for important contracts last year and we are satisfied overall by the quality of their work, turn-around time and the attention to detail that is required by us. AMJ know how to meet client requirements very well.” - Islamic finance
“Has very sound knowledge of M&A, especially privatisation transaction work. Comprehensive knowledge of the local laws in relation to the electricity and energy sector.” – M&A
“Excellent.” – M&A
“Mansoor Jamal and Ardeshir Patel provide consistent and solid support to their clients. They remain the "go-to" people in Oman for Oman law matters. They could benefit from bringing some of their juniors to the fore more frequently.” - Private equity
“Mansoor Jamal and Ravinder Singh provided clear, concise and on-point advice. They are clear leaders in advising energy sector clients and project finance transactions. I would not hesitate to hire them as sponsors' counsel, and not only for the local law piece.” - Project development
“Professional.” - Project finance
“Satisfactory performance and prompt responses, though needs to enhance communication.” - Project finance
“Good.” - Project finance
“Excellent knowledge of local law as applicable to the electricity industry.”
“Armughan is my go-to person for legal advice. Extremely accessible and very knowledgeable. Quite professional but brings a personal element to business as well. Has a good grip on our issues and is quite proactive in pointing out potential areas which might not be on our corporate radar. He helps us take better decisions, not only from a corporate perspective but also from a personal perspective, taking into account the legal framework in which we operate. I have personally recommended this lawyer to several colleagues within and outside our group.”
“He is prompt and accurate. They are generally very good.
“Asad is a true professional and mature person. He listens carefully and provides sound advice for all complex matters. Asad has always valued client relationships and has delivered excellent quality on time, every time.”
“Excellent knowledge and highly professional.”
Mansoor Jamal Malik
“Very knowledgeable about Oman law and practice.”
“Marcus has what it takes to furnish all legal services. He has deep knowledge of Omani laws especially when it comes to banking and finance.”
Mir Nasar Ahmad
“Very competent and efficient.”
Al Tamimi’s Muscat office is active in M&A, corporate finance and restructuring work.
During the research period the firm was active in M&A and advised buyers on deals in the healthcare, oil and gas, food, travel and aviation sectors. Additionally, it has assisted with a joint venture in the healthcare sector and had a role for a shipping services undertaking a restructuring.
Recent Data Deals highlights
Inchcape Shipping Services restructuring
Kerry acquisition of AATCO Food Solutions
Mitsubishi acquisition of DVB’s aviation finance division
CMS’s Oman office has been notable active in the projects area in the research period. It advised on Oman’s first utility scale solar IPP, on a waste to energy IPP, and on a joint venture for the development of a new urban centre in Muscat.
Outside of projects the firm had roles on restructurings for clients in wastewater and mining sectors and, in Islamic finance, advised Al Madina Investments on a sukuk issue by Tilal Development Company.
The firm made a significant lateral hire in the research period recruiting market leading projects partner of Mary Allan from Curtis Mallet-Prevost Colt & Mosle.
Recent Deal Data highlights
•Al Madina Investment $130 million sukuk
•Amin solar power plant
•Oman Power and Water Procurement Company waste-to-energy power plant
“Strength: work quality. Weakness: marketing.” - Project development
Said Al-Shahry Law Office is active in a range of financial and corporate and work.
In the capital markets area recently the firm advised Ahli Bank on an additional tier one bond issue.
In corporate work the firm advised a telecommunications client on a joint venture and worked for clients on restructurings, including for STFA Holding on its local joint venture company.
In notable staffing changes, Graham Mouat, formerly of Al Busaidi Mansoor Jamal & Company, and Antonija Stanich, formerly of Omran, joined as special counsels.
Recent Deal Data highlights
•Ahli Bank AT1 bond issue
•Aktivco / Oman 70 Holding Co. and Oman Broadway Company joint venture
•STFA Holding restructuring
“One of the larger local law firms in Oman, they are well known for their excellent litigation practice and general corporate and commercial law. Their banking practice is excellent but probably not as well-known as some other firms.” – Financial and corporate
“SASLO has consistently delivered the high-quality legal services which meet Oman Shipping Group's requirements at a cost which represents value. Graham Mouat is the company's go-to lawyer for complex commercial and finance transactions in Oman. Graham has assisted the company in achieving its objectives by: understanding our business, working with us as one team, providing clear, concise, pragmatic solution-orientated advice, and identifying and mitigating risks in a manner which is commercially acceptable. He has excellent technical and drafting skills combined with an in-depth knowledge of local laws and international best practices. He is responsive, easy to work with and completes assignments on time and within budget. An outstanding lawyer who has over the years became the company's trusted legal advisor.” - Project finance