* Our lawyers advised on these matters whilst employed by Clifford Chance Law Firm in Saudi Arabia.
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AS&H Law Firm in co-operation with Clifford Chance advises Savola Group on Saudi Arabia's first accelerated book-built block trade
Abuhimed AlSheikh AlHagbani (AS&H) Law Firm in Saudi Arabia in co-operation with Clifford Chance, advised Savola Group, a Saudi publicly listed joint stock company, on the successful completion of an accelerated book-built block trade to international, regional and local investors for 16 million shares in Almarai Company (representing 2% of the issued share capital of Almarai Company). HSBC Saudi Arabia acted as sole bookrunner and broker on the transaction.
Clifford Chance and AS&H advise leading Saudi chemicals producer Cristal on cross border sale of titanium dioxide business*
Clifford Chance and Abuhimed Abuhimed Al-Sheikh Alhagbani Law Firm (AS&H), Clifford Chance's cooperation firm in Saudi Arabia, have advised National Titanium Dioxide Company (Cristal) in relation to the sale of its domestic and international titanium dioxide (TiO2) to Tronox Limited (Tronox), in return for US$1.673 billion cash and 24% of the shareholding in Tronox. Cristal is a subsidiary of Saudi Arabia's National Industrialization Co. (Tasnee), one of Saudi Arabia's largest industrial companies, and Tronox is an American chemical company.
Clifford Chance advised Samba Financial Group (SAMBA), National Commercial Bank (NCB), and Banque Saudi Fransi (BSF), the lenders, on a SAR5 billion syndicated murabaha facility to Saudi Electricity Company (SEC).
International law firm Clifford Chance advised Al Tayyar Group on its acquisition of a 30% interest in Thaker Investments and Real Estate Company for a consideration of SAR803.8 million to be paid by way of shares in the Al Tayyar Group.
Clifford Chance advises on over US$1 billion refinancing for 1,730MW PP11 gas-fired independent power project in Saudi Arabia *
International law firm Clifford Chance advised Dhuruma Electricity Company, whose sponsors are ENGIE, Saudi Electricity Company, Sojitz Corporation and Al Jomaih Holding Company, on the refinancing of facilities in excess of US$1 billion, which reached financial close on 1 March 2016.
Clifford Chance drives Saudi healthcare deals advising Ebrahim Mohammed Almana & Brothers on the sale of a strategic minority stake to Sanabil Investments *
Clifford Chance drives Saudi healthcare deals advising Ebrahim Mohammed Almana & Brothers on the sale of a strategic minority stake to Sanabil Investments.
International law firm Clifford Chance advised the lenders to Saudi Electricity Company (SEC) on syndicated facilities to add over US$2 billion to SEC's revolving credit facilities, tapping domestic (Saudi riyal) and international (dollar) markets in two separate facilities.
Clifford Chance advises Saudia Aerospace Engineering Industries on an aerospace and defence joint venture *
International law firm Clifford Chance advised Saudia Aerospace Engineering Industries on an aerospace and defence joint venture between Boeing, Alsalam Aircraft Company, and Saudia Aerospace Engineering Industries.
International law firm Clifford Chance advised International Company for Water & Power Projects (ACWA Power) on two syndicated commodity murabaha-based transactions to add another SAR1.109 billion (US$295 million) to its revolving shari'a compliant working capital facilities.
Clifford Chance advises Abdullah Al Othaim Real Estate Investment and Development Company on its inaugural SAR1 billion sukuk issuance *
The Capital Markets team in Dubai and Riyadh has advised Abdullah Al Othaim Real Estate Investment and Development Company (OREIDCO) on its debut sukuk issuance. The sukuk was issued with a face value of SAR1 billion, with a floating profit rate linked to SAIBOR and a maturity of five years.
Clifford Chance advises Amanat Healthcare and its affiliates on the acquisition of a 35% beneficial interest in Sukoon International Holding CJSC *
Clifford Chance advised Amanat Healthcare and its affiliates on its acquisition of a 35% beneficial interest in Sukoon International Holding CJSC based Jeddah for a consideration of SAR 179.2 million.
Clifford Chance advised Saudi Ground Services (SGS) on its IPO and listing on the Saudi Stock Exchange. The IPO was undertaken through the sale of 30% of the share capital of SGS to potential investors. SGS allocated 33.84 million shares to institutional investors and 22.56 million shares to retail investors at a price of SAR50 per share. The IPO was considerably oversubscribed and raised SAR2.82 billion (c.US$752 million).
Clifford Chance advises the Saudi Public Investment Fund on the acquisition of a significant minority stake in Posco Engineering & Construction Co Ltd for US$1.1 billion *
Clifford Chance advised the Saudi Public Investment Fund (PIF), the investment arm of the Saudi Government, on the acquisition of a 38% stake consisting of new and existing shares in Posco Engineering & Construction Co Ltd (Posco E&C), a leading Korean engineering and construction company with operations in Asia, the Middle East, South America and Europe. The parties are also presently considering their strategic options for Saudi Arabia including the potential establishment of an EPC/construction company in the Kingdom of Saudi Arabia.
International law firm Clifford Chance has advised Najran Cement Company on its debut sukuk issuance. The sukuk was issued with a face value of SAR400 million, with a floating profit rate linked to SAIBOR and a maturity of five years.
International law firm Clifford Chance advised a group of 30 global and regional lenders on a US$10 billion revolving credit facility to Saudi Aramco (state-owned Saudi Arabian Oil Company), the world's biggest oil exporter. Clifford Chance maintains a strong relationship with Saudi Aramco which commenced in 1979, generally advising Saudi Aramco's lenders.
Clifford Chance advises Advanced Petrochemical Company on its inaugural SAR1 billion sukuk issuance *
Clifford Chance advised Advanced Petrochemical Company on its debut sukuk issuance. The sukuk was issued with a face value of SAR1 billion, with a floating rate coupon linked to SAIBOR and a maturity of 5 years.
Clifford Chance has advised the Abdul Latif Jameel group (ALJ) on the establishment of a strategic real estate joint venture with Emaar Properties PJSC. The Saudi focused joint venture, to be named Emaar Jameel, will develop integrated property projects in the Kingdom of Saudi Arabia covering the commercial, residential, leisure and retail sectors.