A Dubai-based sponsor and its subsidiaries, UAE
A Dubai-based sponsor and its subsidiaries, UAE
We advised on a USD200m financing with Noor Islamic Bank in relation to the Dubai Eye Project in Dubai.
Al Qatrana IPP, Jordan
Al Qatrana IPP, Jordan
We advised the successful bidder (a consortium comprising Xenel and Kepco) on the Al Qatrana IPP in Jordan. The financing involved direct conventional facilities from KEXIM and Proparco, a facility covered by KEXIM and provided by BNP Paribas and KfW and an Islamic tranche from Islamic Development Bank.
Al Sufouh Transit System, UAE
Al Sufouh Transit System, UAE
We advised the mandated lead arrangers in respect of an export credit agency (COFACE and ONDD) supported loan package and two Islamic facilities (AED and USD denominated) utilising an ijara structure for the Department of Finance, acting on behalf of the Government of Dubai, in an aggregate amount of approximately USD674m.
Emirates Steel Industries Expansion Project, UAE
Emirates Steel Industries Expansion Project, UAE
We advised the lead arrangers in the Islamic and conventional co-financing of Emirates Steel Industries expansion project in Abu Dhabi.
Jabal Sayid copper mine, Saudi Arabia
Jabal Sayid copper mine, Saudi Arabia
We advised the Saudi British Bank and National Commercial Bank on a SAR750m murabaha facility bridge financing for Ma’aden Barrick Copper Company in relation to the Jabal Sayid copper mine in Saudi Arabia, guaranteed by Ma’aden and Barrick Gold Corporation for the development of this key strategic asset.
Jubail Refinery Petrochemicals Project, Saudi Arabia
Jubail Refinery Petrochemicals Project, Saudi Arabia
The Jubail Refinery USD8.5bn project financing was particurarly notable for the complexity raised by having many different facilities in a single financing, including USD and SAR facilities provided under two Islamic structures (an istisna-ijara and a wakala-ijara) and a sukuk issue.
Ma’aden Wa’ad al Shamal, Saudi Arabia
Ma’aden Wa’ad al Shamal, Saudi Arabia
We advised KEXIM, K-Sure, the Islamic financiers and conventional banks and all finance party agents on the USD7.775bn Wa’ad al Shamal phosphate mine and associated petrochemical and fertiliser complex in Saudi Arabia owned by a joint venture of Ma’aden, Sabic, and Mosaic.
Quarayyah IPP, Saudi Arabia
Quarayyah IPP, Saudi Arabia
We advised the lenders (including US EX-IM) to a consortium of bidders led by AES on the Al Qurayyah IPP in Saudi Arabia, the third in the SEC IPP programme.
Sadara project sukuk, Saudi Arabia
Sadara project sukuk, Saudi Arabia
We advised Albilad Investment Company, Alinma Investment Company, Deutsche Securities Saudi Arabia and Riyad Capital as joint lead managers and joint bookrunners on the SAR7.5bn sukuk issue by Sadara Basic Services Company, which was offered on a public basis in Saudi Arabia.
SAMAPCO Petrochemical Project, Saudi Arabia
SAMAPCO Petrochemical Project, Saudi Arabia
We advised Sahara and Ma’aden Petrochemicals Company, a joint venture company formed by Sahara Petrochemical Company and Saudi Arabian Mining Company Ltd (Ma’aden), in connection with the SAMAPCO Petrochemical Project in Jubail, Saudi Arabia, involving SIDF, PIF and Islamic bank funding.
Saudi Arabia Elastomers Project, Saudi Arabia
Saudi Arabia Elastomers Project, Saudi Arabia
We advised the lenders on a USD3.2bn conventional and Islamic financing in relation to the expansion of the Kemya (Sabic and ExxonMobil joint venture) petrochemical plant located in Jubail Industrial City, Saudi Arabia.
Saudi Aramco Mobil Refinery Company (Samref), Saudi Arabia
Saudi Aramco Mobil Refinery Company (Samref), Saudi Arabia
We advised on the USD1.4bn Shari’a-compliant financing of modifications to its crude oil refining facilities in Yanbu, Saudi Arabia.
Saudi Polyolefins Company, Saudi Arabia
Saudi Polyolefins Company, Saudi Arabia
We advised on the USD175m murahaba facility USD400m ijara facilities.
Shuqaiq Water and Electricity Company, Saudi Arabia
Shuqaiq Water and Electricity Company, Saudi Arabia
We advised on the USD1.8bn financing of the Shuqaiq power generation and water desalination plant in Saudi Arabia. The transaction included a USD142m Islamic tranche.
Sipchem Hanwha Polymers Project, Saudi Arabia
Sipchem Hanwha Polymers Project, Saudi Arabia
We advised the financiers on the project financing of an ethylene vinyl acetate and low density polyethylene plant in Jubail Industrial City, Saudi Arabia. The project was sponsored by Saudi International Petrochemical Company and Hanwha Chemical Corporation. The transaction included an istisn’a facility from commercial banks as well as financing from Saudi Industrial Development Fund of Saudi Arabia and Public Investment Fund of the Kingdom of Saudi Arabia.
Zayed University PPP Project, UAE
Zayed University PPP Project, UAE
We advised on the USD1bn PPP project entailing the development of the Zayed University on a 28-year concession, located in New Capital District, near Abu Dhabi International Airport. The financing involved an AED520m senior Islamic tranche provided by Al Hilal Bank.