Head of Banking and Finance Group at Hassan Radhi & Associates and managing the banking team within the company, proficient with banking rules and regulations of the CBB and Bahrain Bourse. Having practical experience in the banking and financial services industry with major banks and financial institutions.
Since 2016 to 2019 CHAMBERS AND PARTNERS awarded Noor Radhi as a Leading Individual in Corporate & Finance and Dispute Resolution consecutively.
Working experience includes transactions involving capital markets, mergers, acquisitions, Project Finance, Facility Agreements and also liquidation procedures, drafting legal agreements, advising on contracts, civil aviation law, commercial companies’ law, copyright law and labor law.
Also experienced in corporate law, including company formation and registration, restructuring and liquidation, establishment of financial institutions, fund formation and preparing all relevant legal and statutory documents, due diligence for existing companies, and corporate acquisitions, and generally in broad range of commercial and corporate matters.
MERGERS & ACQUISITIONS:
Recent transactional highlights – HRA Team Work head by Noor Radhi
Solidarity Group Holding B.S.C. (c)
Acquisition of Al Ahlia Insurance Company B.S.C. (“AAIC”) by Solidarity Group Holding B.S.C. (c) (“Solidarity”) and the merger between Solidarity’s existing subsidiary, Solidarity General Takaful B.S.C. (c) with AAIC
Solidarity acquired AAIC and converted AAIC from its current conventional nature to a Takaful company offering full range of sharia compliant insurance products. Subsequent to such conversion, Solidarity merged its subsidiary Solidarity General Takaful B.S.C. (c) with AAIC. Such a merger is took place through the transfer of business, assets and liabilities as an ongoing concern from Solidarity General Takaful B.S.C. (c) to AAIC against issuance of ordinary shares in AAIC to the shareholders of Solidarity General Takaful B.S.C. (c) at a determined swap ratio.
This deal involved application of Central Banks rules and regulation to a company which is not a Central Bank licensee. This deal had three distinct features (1) acquisition; (2) conversion; and (3) merger, which to the best of our knowledge never happened in the Insurance sector in Bahrain.
Project Palm II
Issuance by the Kingdom of Bahrain, acting through the Ministry of Finance U.S.$1,000,000,000 Trust Certificates due 5 October 2025. Trust Certificates are listed on the Irish Stock Exchange. This deal involved issue of Trust Certificates of high value by Bahrain government and issues related to sovereignty. We advised the Joint Lead Managers in relation to Bahraini law issues.
Issuance by the Kingdom of Bahrain, acting through the Ministry of Finance US$ 1,250,000,000 6.75 per cent. Bonds due 20 September 2029 and US$ 900,000,000 7.50 per cent. Bonds due 20 September 2047 and the simultaneous issuance of U.S.$850,000,000 Trust Certificates due 20 March 2025.Bonds and Trust Certificates are listed on the Irish Stock Exchange. This deal involved issue of Bonds and Sukuk Trust Certificates of high value by Bahrain government and issues related to sovereignty. We advised the Joint Lead Managers in relation to Bahraini law issues.