Advising the lender in connection with a AED 110 million non-recourse term loan facility to part-finance the development, construction and operation of a Refuse Derived Fuel facility in the Emirate of Umm Al Quwain. This was a PPP project and the first waste-to-energy project to be implemented in the UAE.
Advising the borrower in a AED 2.5 billion refinancing of existing facilities and acquisition of shares in three companies. The financing was used to develop and upgrade a number of prominent hotels in the UAE.
Advising the borrower, a subsidiary of a major airline, on a USD 48 million refinancing of flight simulators through sale and leaseback structure.
Advising a syndicate of banks on a EUR 595 million facility. We acted as UAE counsel to the lenders involving multiple jurisdictions.
Advising a syndicate of five GCC banks on the restructuring of dual tranche, consisting of a term loan and a Murabaha facility, and on equity financing from a private equity firm based in Abu Dhabi.
Advising the lender on a USD 50 million multi tranche asset finance facility to a prominent shipping company, to finance the construction and acquisition of four vessels.
Advising a syndicate of banks on AED 290 million dual-tranche facilities (Term Loan and Master Istisna’a / Master Ijara) to finance the building of a new hospital and medical university.
Advising a syndicate of banks on a USD 75 million and AED 55 million dual-tranche facilities (Term Loan and Master Sukuk Murabaha) to finance the construction of a PTP plant in Belgium.
Advising Sharjah Islamic Bank (SIB) in connection with the issuance of AED 266 million Convertible Sukuk-Al Wakala certificates and the subsequent conversion of the Sukuk certificates into the ordinary share capital of SIB.
Advising Sharjah Cement and Industrial Development Co. PJSC (SCID) in connection with the issuance of AED 55 million Convertible Sukuk-Al Murabaha certificates and the subsequent conversion of the Sukuk certificates into the ordinary share capital of SCID.
Advising a number of client entities (based in the GCC and South East Asia) in connection with an AED 500 million multicurrency (AED and USD) dual-tranche conventional and Islamic facilities (based on the Master Murabaha structure) from a syndicate of seven banks led by the National Bank of Fujairah PJSC.
Advising the lenders on the AED 300 million dual tranche conventional and Islamic facilities to the Fujairah National Group (including a AED 100 million Musharaka Islamic facility).
Advising a syndicate of banks on the restructuring of AED 295 million dual-tranche facilities (Term Loan and Ijara) to three UAE companies.
Advising a UAE Bank in respect of conventional term loan facility and an Islamic facility to finance the construction and expansion of three hospitals in the Emirate of Abu Dhabi.
Advising a local bank in a syndicated loan transaction that is structured partly as a conventional facility and partly as an Islamic Murabaha facility for establishment and operation of fitness centers in multiple jurisdictions in the Middle East in which the security was perfected in five jurisdictions.