We advised Sadara and Dow on the issuance of a US$2 billion Sukuk as part of the financing for the development of one of the world’s largest integrated performance chemicals and plastics complex, at an estimated total cost of US$19.3. This is only the second project Sukuk to be issued in Saudi Arabia and the largest Sukuk overall.

We were recently involved in the first successful challenge to a resolution by the Saudi Arabian Capital Markets Authority under the Capital Market Regulation of 2003 and the Market Conduct Regulation 2004. The Capital Market Authority had brought an action against the CEO of SADAFCO, a listed company, in respect of statements made to a journalist from Reuters, which statements were subsequently misquoted in an article based on the interview. The Committee for the Resolution of Securities Disputes accepted the plea that the Capital Markets Authority's action against SADAFCO's CEO was unfounded since no misconduct was proven, and accordingly set aside the Capital Markets Authority's decision.

We represented Tokio Marine Saudi Arabia in its IPO. Acting as issuer’s counsel, we conducting due diligence, drafting due diligence report, drafting prospectus, and advising on related issues. Furthermore our work included drafting a shareholders agreement, portfolio transfer agreement, and secondment agreement.

We advised a Saudi Arabian seller in connection with a private placement of its shares in a Saudi Arabian joint venture company in the mining sector.

We are advising a Saudi Arabian investment fund manager in structuring and establishing a Shari'a compliant investment fund focused on mixed-use real estate projects and investments in Saudi Arabia.

We advised the Saudi Arabian affiliate of Japan's biggest insurer Tokio Marine & Nichido in connection with its licensing, incorporation and IPO.

We advised Red Sea Gateway Terminal and Red Sea Ports Development Company in connection with the first private share swap arrangement involving a limited liability company and joint stock company.