Unlike many other international firms which work with Saudi Arabian firms as associations, AS&H Clifford Chance is a joint venture between the international firm and a Saudi partner. The practice is led by Yasser Al-Hussain, who is an expert in a wide range of transactions, including Islamic finance, project finance, and debt market transactions. Al-Hussain acts as lead on many of the firm’s largest clients, including the Saudi United Investment Company, and the Public Investment Fund. Recently relocated to Riyadh from Dubai, Ahmed Choudhry supports the practice on a variety of conventional and Islamic finance transactions.
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Key clients
- Saudi Electricity Company
- The Public Investment Fund
- The Ministry of Finance
- HSBC Saudi Arabia
- Awqaaf Investment Company
- The Saudi British Bank
- Saudi National Bank (formerly The National Commercial Bank)
- King Abdullah Financial District Development and Management Co
- Emirates NBD
- Bank Albilad
Work highlights
- Advised the Saudi United Investment Company (as borrower) and the Public Investment Fund of the Kingdom of Saudi Arabia (as guarantor) in relation to a USD17 billion term loan facility, being provided to the borrower by a syndicate of nearly thirty local and international lenders.
- Advised Water and Electricity Holding Company (Badeel) as sponsor in respect of the senior finance facilities and the equity bridge loan facility for the Shuaibah 3 IWP Project.
- Advised PIF in connection with a SAR 1 billion convertible shareholder loan provided to Emaar, the Economic City.
Lawyers
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
The lawyer(s) leading their teams.
Yasser Al-Hussain