Praised for their ‘unmatched’ commercial approach, Al Tamimi & Company ’s banking and finance team specialises in project financing and regulatory advisory services for sponsors, government agencies, and domestic and international financial institutions. Practice head Rafiq Jaffer advises high-profile clients on conventional and Shariah-compliant lending transactions, with a recent focus on energy project financing. Another key contact is Aurangzeb Maqsood, based in Riyadh, who brings expertise in securities and infrastructure projects.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘Al Tamimi’s banking and finance team have assisted us many times with respect to project finance transactions as we know we are in safe hands.'
- 'This team is easily approachable, readily available, experts in their field and pragmatic to their approach.’
- ‘An incredibly unique firm in their approach to transactions, whether acting as lenders local counsel or advising sponsors. Their commercial approach remains unmatched in the local legal space.
- 'Of particular note is Aurangzeb Maqsood for maintaining rapid turn around times, being approachable and having incredible legal knowledge.’
- ‘The respective lawyers have great legal knowledge, expertise and market practice in KSA. Accuracy in creating the right documentation and templates when required. Always very hands on and responsive. Fee quotes commensurate with the scope of work. ’
- ‘I deal with Rafiq Jaffer on a regular basis. His exceptional quality is his ability to instantly understand the issue at hand irrespective of its complexity and provide practical solutions either immediately or takes it upon himself to check with his peers and revert in a responsible and timely manner.'
- 'Rafiq Jaffer's knowledge on the KSA banking laws and market practice is commendable and is always a reliable source for our legal department. He is very personable and easy to reach out to and always makes himself available to speak which is very critical for us considering the high-pressured nature of transactions that we deal with. ’
Key clients
- ACWA Power Company
- Al Rajhi Bank
- Al Rajhi Capital
- HSBC Saudi Arabia
- First Abu Dhabi Bank – KSA
- Northern Trust Saudi Arabia
Work highlights
- Advised the Dow Chemical Company and Dow Materials Science Saudi Arabia Limited (Dow) on its US$520 million receivables transfer under the new Saudi Civil Transactions Law.
- Advised Saudi Power Procurement Company in relation to the 8.4GW Combined Cycle Gas Turbine (CCGT) power projects.
- Advised ACWA Power Company, the world’s largest private water desalination company and a pioneer in green hydrogen, on several renewable energy projects in Saudi Arabia.
Practice head
The lawyer(s) leading their teams.
Rafiq Jaffer