White & Case
The ‘solution driven and very approachable’ capital markets team at White & Case often acts for high level issuers, arrangers, and managers in structuring and executing capital markets transactions. The practice is led by Sami Al-Louzi and Debashis Dey, both of whom are based in Dubai. Al-Louzi is well-versed in advising on IPOs on the Saudi Stock Exchange. Dey specialises in Islamic finance in the capital markets, and often works on establishing large Islamic finance issuance programmes. In October 2023, Ibrahim Soumrany left the practice to join Gibson Dunn.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘Very hands on, always responsive, solution driven and very approachable.’
Key clients
- Saudi Arabian Oil Company
- Saudi Telecom Company
- Al Rajhi Capital Company
- Nayifat Finance Company
- Arabian Centres Company
- Saudi Real Estate Refinance Company
- HSBC Saudi Arabia
- Morgan Stanley Saudi Arabia
- SNB Capital Company
- J.P. Morgan
- Citi
- Riyadh Cables
- Goldman Sachs
- Tamer Group
- Soliman Fakeeh Hospital
- NCB Capital
- GIB Capital
- Bank of America
- Deutsche Bank
- AlBilad Capital
- Saudi Fransi Capital
- HSBC Limited
- Emirates NBD
- KFH Capital
- Riyadh Cables Company
- Perfect Presentation Company
- Citigroup Global Markets Limited
- Dubai Islamic Bank PJSC
- Standard Chartered Bank
Work highlights
- Advising the arrangers on the establishment of $4bn Trust Certificate Issuance Programme of Al Rajhi Banking and Investment Corporation and the managers on the inaugural issuance of $1bn Senior Sustainable Certificates due 2028 under the programme.
- Advised the Saudi Real Estate Refinancing Company in connection with establishment of SAR 10bn domestic Sukuk issuance programme and the inaugural issuances of SAR 1bn guaranteed Sukuk due 2028 and SAR 3bn guaranteed Sukuk due 2031 in March 2021, which were followed with the issuances of SAR 2 billion guaranteed sukuk due 2031 in December 2021 and SAR 4 billion guaranteed sukuk due 2030 in April 2022.
- Advised HSBC Saudi Arabia Limited, Al Rajhi Capital Company and Alinma Investment Company as dealer managers and Riyad Capital Company as agent, on the liability management exercise comprising the voluntary cancellation and exchange for new sukuk of 18 series of outstanding bonds and sukuk (worth $6.9bn) issued by the Kingdom of Saudi Arabia.
Lawyers
Leading individuals
Practice head
The lawyer(s) leading their teams.
Sami Al-Louzi, Debashis Dey