White & Case advised the Saudi Real Estate Refinance Company (SRC) on the establishment of its inaugural domestic SAR 11 billion Sukuk Issuance Programme, and the issuance thereunder of SAR 750 million across four Series. The transaction has been recognized by Islamic Finance News as ‘Real Estate Deal of the Year’ and ‘Saudi Arabia Deal […]
White & Case advised Utico Group, the UAE’s leading private water and power utility provider, on its capital raise, with a deal value of US$400 million. The proceeds of the investment are intended to increase Utico Group’s global participation in the utilities sector. The investor is Majis Industrial Services, a large water utilities company based […]
Abuhimed Alsheikh Alhagbani Law Firm (AS&H) in co-operation with Clifford Chance advised Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, on the sale of its 70% shareholding in Saudi Basic Industries Corporation (SABIC) for US$ 69.1 Billion to Saudi Aramco. SABIC, with global operations in over 50 countries and consolidated production volume across its […]
White & Case advised a group of banks on the issuance of US$500 million Trust Certificates due 2025, with National Central Cooling Company PJSC (Tabreed) acting as the Seller and Service Agent. The Trust Certificates are listed on the London Stock Exchange, and the transaction represents the return to the debt capital markets by Tabreed […]
White & Case LLP has advised Alpha Bank A.E. on its sale to a consortium of funds managed by affiliates of Apollo Global Management and International Finance Corporation, a member of the World Bank Group, of a mixed pool of non-performing loans (NPLs) to Greek SMEs and, together with Alpha Bank’s wholly-owned group company Alpha […]
Shearman & Sterling advised Investcorp on the launch of a joint venture with Aberdeen Standard Investments that will invest in infrastructure projects in Gulf Cooperation Council countries. The Firms plan to raise between $800 million and $1 billion. The new initiative will actively target greenfield and brownfield social and core essential infrastructure assets in sectors […]
Clifford Chance and Abuhimed Alsheikh Alhagbani Law Firm (AS&H) advised the financiers to Saudi Electricity Company (SEC), the Gulf’s largest utility provider and primary supplier to the Kingdom of Saudi Arabia, on their SAR15.2 billion (approx. US$4 billion) murabaha syndication facility agreement. National Commercial Bank, Al-Rajhi Banking & Investment Corporation, the Saudi British Bank, Banque […]
Clifford Chance is advising Union National Bank (UNB) in relation to their merger with Abu Dhabi Commercial Bank (ADCB) and their subsequent acquisition of Al Hilal Bank. This transaction will create the third largest financial institution in the UAE and the fifth largest in the GCC, with assets of AED420 billion (US$114 billion). It is […]
White & Case LLP has advised Resource Capital Fund VII L.P., a US-based private equity fund, in a 35 percent indirect equity acquisition of RG Gold, a gold mining company based in Kazakhstan. Resource Capital Funds VII L.P. is one of the leading global private equity funds focused on mining projects. Verny Capital, a major […]
White & Case and Cleary advised Kazakhtelecom JSC, Kazakhstan’s state-controlled telecommunications company, on the acquisition of a 75 percent stake in Kcell JSC, the leading mobile operator in Kazakhstan which is listed on the London Stock Exchange (LSE) and the Kazakhstan Stock Exchange (KASE). Kazakhtelecom has acquired Kcell from Telia Company and Fintur Holdings B.V., […]
White & Case LLP has advised a group of banks on the issuance of US$500 million Trust Certificates due 2025, with National Central Cooling Company PJSC (Tabreed) acting as the Seller and Service Agent. The Trust Certificates are listed on the London Stock Exchange, and the transaction represents the return to the debt capital markets […]
Hogan Lovells advised Natixis acting as Sole Underwriter, Initial Mandated Lead Arranger, Bookrunner, Hedge Provider, Offshore Security Agent and Offshore Account Bank to the ACWA Power led consortium on the successful project financing of the 300MW Sakaka Solar independent power plant (IPP) project in Saudi Arabia The 300 MW Sakaka IPP is the first utility-scale […]
