Middle East - Saudi Arabia
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Linklaters

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The Linklaters team bring ‘tremendous experience’ to complex debt and equity capital markets offerings, including sukuks, IPOs, private placements, tender offers, and debt and equity swaps. The team recently advised the Public Investment Fund (PIF) on its inaugural sukuk issuance. Leading the practice are three seasoned experts: Dubai-based Jonathan Fried advises the largest sovereigns, banks and corporates on a broad range of capital markets matters; Dalia Nammari, also in Dubai and described as ’the firm’s shining star’, heads the DCM practice; and Riyadh-based Amro Bakhaidar who was recently appointed head of ECM and regularly executes complex IPOs.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The team provides tremendous experience in their field. Dalia is the firm's shining star. ’

  • ‘Dalia Nammari is extraordinarily helpful, hands-on, and dedicated.’

Key clients

  • The Public Investment Fund (“PIF”)
  • National Debt Management Centre
  • Middle East Healthcare Company (publicly known as Saudi German Health)
  • Saudi Awwal Bank
  • Saudi National Bank
  • SNB Capital Company
  • Alinma Bank
  • Banque Saudi Fransi
  • BNP Paribas
  • Goldman Sachs International
  • HSBC Bank plc
  • Citigroup Global Markets Limited
  • J.P. Morgan Securities plc
  • Standard Chartered Bank

Work highlights

  • Advising a consortium of international banking groups as joint lead managers on the triple tranche issuance by the Kingdom of Saudi Arabia acting through the Ministry of Finance. This is the largest issuance of the Kingdom and the largest issuance out of the GCC country to date.
  • Advising Citigroup Global Markets Limited, Goldman Sachs International and J.P. Morgan Securities plc on a multi-tranche conventional note issuance guaranteed by the Public Investment Fund. The multi-tranche issuance totalling US$5bn, guaranteed by the Public Investment Fund (PIF), was a ground-breaking financial operation that supported Saudi Arabia’s Vision 2030 and demonstrated the nation’s sophisticated approach to accessing international capital markets.
  • Advising Saudi German Health on establishing its SAR 1.5bn (approximately US$400m) public sukuk issuance programme. This transaction is notable as the first public sukuk programme by a Saudi non-industrial corporate under Saudi Arabia's new public offer rules.

Lawyers

Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Amro Bakhaidar
Linklaters

Practice head

The lawyer(s) leading their teams.

Jonathan Fried, Dalia Nammari, Amro Bakhaidar