Abuhimed Alsheikh Alhagbani Law Firm - Clifford Chance’s sponsor firm in Saudi Arabia - has experienced specialists in all areas covered by the rankings, and is one of the country’s leading transactional firms.
In banking and finance, the firm advised on large new money deals and refinancings, with borrower and lender side work. The deals included advising Zain on refinancing a club loan, and advising the lenders to Saudi Electricity Company on a series of large syndicated loans in 2016.
The capital markets team worked on several equity deals and a number of sukuk regulatory capital issues. The highlight included advising Bank AlJazira on a rights issue and a sukuk in two separate transactions, and advising the managers of Apricorp’s sukuk.
The firm’s notable M&A deals were in a range of sectors including healthcare, food and beverages, and real estate. One example was the firm’s role for Cristal on the sale of its domestic and international titanium dioxide business to Tronox.
Banking, energy, financial services, and oil and gas, are some of the sectors where the firm has expertise.
Acwa Power, Samba Financial Group, Saudi Electricity Company and The National Commercial Bank (NCB) are among the firm’s key clients.
“Quick responses, straight to the point, good knowledge of local complexities and expertise in dealing with foreign investors.” – Financial and corporate
Dr Sultan Almasoud & Partners is Shearman & Sterling’s sponsor firm in Saudi Arabia. The firm is recognised for capital markets work, having worked on a number of innovative equity deals over the past two research periods, and is active in M&A and projects.
In the capital markets area the firm was involved in a number of significant equity transactions recently. The highlights included advising Raydan Cuisines & Restaurants on its Parallel Market IPO, and Takween on its rights issue.
In M&A the firm has been involved in a mix of public and private transactions, although more of the former category, with deals in real estate, food and beverage, and healthcare.
In the project area the firm has advised on the number large energy infrastructure projects. These include representing the lenders on the Fadhili combined heat and power IPP project.
Oil and gas is one Shearman & Sterling’s sectors of focus in the Middle East.
Takween Advanced Industries, Raydan Cuisines & Restaurants, and AlBaha Investment and Development are among the firm’s notable clients.
Hatem Abbas Ghazzawi & Co is one of Saudi Arabia’s leading local law advisors for Islamic and conventional project finance and capital markets transactions, and domestic project legal work including PPPs.
In project finance, the firm has been working on deals related to funding the development a number of large power projects, usually representing the lenders. One highlight saw the firm representing the banks on the financing of the Fadhili IPP,
A recent capital markets deals for the firm included a number of sukuks, including one regulatory capital issue for a lender.
Banking, energy, financial services and oil and gas are among the sectors where the firm is experienced.
Dow Chemical, Citicorp and The National Commercial Bank are key clients.
“I have used Hatem for many years and they are excellent. Always trying to find solutions for the client, deep experience of the market and good reactivity to requests.” – Banking, capital markets: debt, project development
“Andreas Haberbeck and his team provide an excellent and responsive service. A strength is their skill in explaining the Saudi legal system to those for whom it is unfamiliar.” – Financial and corporate
“Ali is excellent; he is definitely one of the top lawyers in Saudi. Very responsive and commercially focussed.”
“Andreas Haberbeck provides excellent and responsive service. A particular strength is his skill in explaining the Saudi legal system to those for whom it is unfamiliar.”
Khoshaim & Associates – Allen & Overy’s Saudi arm – is broadly strong and active across all areas of financial and corporate work, and project development. The firm is noted for its Islamic finance expertise, and employs one of the country’s leading foreign partners specialising in this area.
In banking and finance, the firm worked on Islamic and conventional loans, asset and project financing, and a financial restructuring. Highlights included advising the lenders on Cristal’s debt restructuring and on the Red Sea Gateway Terminal project financing.
Recent capital markets highlights for the firm were mostly sukuk and bond issues. The deals included representing Apircorp on launching a sukuk programme and acting for the managers on Bank Albilad’s Tier II sukuk.
In M&A, the firm’s recent notable work included advising Saudi Aramco on several large joint-venture’s – including with Lanxness to form Arlanxeo, and with Lamprell, Bahri, and Hyundai Heavy Industries for a new maritime yard in Ras Al-Khair.
Aviation, banking, energy, financial services, shipping and oil and gas are sectors where the firm has expertise.
Key clients include HSBC, Samba Capital, Saudi Aramco and Standard Chartered are among the firm’s key clients.
“Karim is excellent. Firm grasp of local law and application of international standards. Goes above and beyond to get the deal closed.”
Latham & Watkins’ Saudi sponsor, Law Office of Salman M Al-Sudairi is experienced in all areas of transactional work and as expertise in conventional and Islamic acquisition finance and capital markets work,
In the banking area, the firm’s headline deals were refinancings - advising Cristal on its debt restructuring and Mobily on its refinancing. In the project finance space, the firm has advised the lenders on the project financing for the Shuqaiq power plant.
The capital markets practice had a strong year, advising the Kingdom on its recent sovereign debt and sukuk issues. The firm also advised on lenders and corporate sukuk issues. Equity highlights included advising on the Takween rights issue (on the side of the banks) and the Al Yamamah Steel Industries’ IPO.
Other corporate transactional work for the firm has been mainly joint-venture work, with the team advising on deals for Lagardère Travel Retail for an airport retail joint-venture, and for Durrah Advanced Development Company on a sugar refinery joint-venture.
Energy, oil and gas, government and public sector and telecoms are among the sectors where the firm has expertise.
Kingdom of Saudi Arabia, Cristal, Riyad Bank and Mobily are among the firm’s key clients.
Legal Advisors Abdulaziz I Al-Ajlan & Partners is Baker McKenzie’s Saudi sponsor firm. The firm is strong across all areas of financial and corporate transactional work and projects. Its Saudi team are active on deals across the region.
In the bank lending area, the firm has been advising borrowers and lenders on conventional and Islamic loans. One of the firm’s more active borrower clients was Saudi Binladen which mandated it to assist on a number of large loans from various lenders.
Notable capital markets work for the firm in the research period included a number of sukuk (issuer and arranger roles) issues and IPOs. A few of the deals were, an issuer side role on Saudi Investment Bank’s Tier 1 sukuk and a role for the underwriters on L’azurde’s IPO.
Recent project highlights for the firm include a mix of energy and infrastructure work, some domestic some abroad. The headline developments include roles for the sponsors on the Riyadh Metro project and to the project company on the Fadhili power plant project.
In M&A, the firm has been involved in deals in the food and beverage, oil and gas and financial services sectors. Among the large deals was a role for Arab Bank in acquiring Oger Middle East Holdings’ stake in the bank.
Construction, energy, oil and gas, utilities and transport are some of the sectors where the firm has expertise.
Arab Bank, Saudi Binladen and Saudi Investment Bank are a few of the firm’s key clients.
“Quick responses, straight to the point, and knowledge of local complexities. Expertise in dealing with foreign investors, good accessibility.” – Banking, project finance
"Very Accessible. Market and industry knowledgeable.”
The Law Firm of Salah Al-Hejailan works in association with Freshfields. The firm’s strongest practices are equity capital markets and M&A.
In the capital markets area, the firm is involved in a number of significant equity transactions. The highlights include advising Saudi Airlines Cargo Company and Al Habib Medical Group on planned IPOs.
In M&A the firm has been active on joint-ventures - often for state-controlled companies - with deals in the automotive, aviation, energy and healthcare sectors.
Deutsche Bank, Goldman Sachs, Samba Capital, and Saudi Airlines Cargo Company are among the firm’s key clients.
"They're extremely well versed in the Saudi market in terms of law, regulations and their practical application. Well-connected locally, always have good insights and good industry knowledge. Quick turnaround time and attentive to details. A weakness is that they can be expensive." – M&A, private equity
"Highly experienced team, dedicated, ethical and think outside the box.” – Private equity
"Very professional, provided advice beyond expectation, technical, and a problem solver. Leads meetings very well and is structured in his negotiation."
"Attentive to detail, very accessible, good knowledge of the Saudi market. Able to get things done in an otherwise very difficult market "
The Law Office of Mohammad Al-Ammar, King & Spalding’s sponsor in Saudi Arabia, is mostly active on financial and corporate transactions for funds, and on project finance deals in Saudi Arabia. M&A and projects are its strongest practices.
In project finance and development, the firm’s recent mandates include advising the project sponsor on the facility for Jeddah Economic City, and a number of other infrastructure projects where it provided development advice.
The firm was involved in a number of large M&A deals advising Bahri on a joint venture with Apicorp to acquire up to 15 crude vessels and acting for Delivery Hero on its acquisition of Foodpanda.
Energy, investment management, oil and gas, real estate and utilities are among the sectors where the firm is experienced.
ACWA, Samba, Veoila and Saudi Tabreed are among the firm’s key clients.
“Knowledgeable, fast to respond, available and quality deliverables.” – Banking, private equity