The team at AS&H in co-operation with Clifford Chance has been consistently ranked Tier 1 for each of its practice areas by Chambers Global, IFLR1000 and Legal 500. Prior to our firm's formation, our team was part of Clifford Chance and Al-Jadaan & Partners Law Firm that together had won the prestigious Saudi Arabian Law Firm of the Year: IFLR for the past 11 years.
We use the experience we have gained on complex, fast-paced transactions to make sure that clients get the highest standards of service from a team that fits their needs.
Working in co-ooperation with Clifford Chance, we offer our clients access to a vast network of resources and expertise throughout the world enabling us to draw upon specialist insight where our clients demand it.
A sharp commercial focus and first-of-a-kind deals
We have weathered many market scenarios and work on a wide range of assignments – from M&A, joint ventures and regulatory matters to innovative conventional and Islamic financing and capital markets deals.
This level of experience means that we are comfortable with new ideas and the art of the possible. We help clients reach their commercial goals and this can, as in these examples, call for new ideas. The team previously advised:
- the Saudi Public Investment Fund in relation to its US$ 1.1 billion investment for a significant minority equity stake in POSCO Engineering and Construction Co Ltd
- the lenders to Yanbu Aramco Sinopec Refining Company Limited (YASREF) on domestic murabaha (Saudi riyal) and international conventional (dollar) of US$4.7 billion facilities in aggregate
- the joint lead managers on the establishment of Saudi Telecom Company SAR5 billion sukuk issuance programme, uniquely using a combination of mudaraba and murabaha, whereby the murabaha is designed to only cover the principal payable under the sukuk and the mudaraba covers the profit
- a syndicate of 30 global and regional lenders on a US$10 billion revolving credit facility to Saudi Aramco (state-owned Saudi Arabian Oil Company), the world's biggest oil exporter in 2015
- the National Shipping Company of Saudi Arabia (Bahri) in relation to the US$ 1.3 billion merger of the fleets and operations of Bahri and Vela International Marine Ltd., a wholly-owned subsidiary of Saudi Aramco
- Savola Group on the sale of Savola Packing Systems Company (SPS) and its subsidiaries to Takween Advanced Industries Company
- ANB and lenders in connection with a SAR1.88 billion (US$500 million) limited recourse financing provided to Al-Bait for Construction and Building Company Limited in respect of the Abraj Al-Bait
- joint lead managers and bookrunners on the issuance by The National Commercial Bank of a SAR5 billion (US$1,333 million) sukuk
- Saudi Ground Services Company and Saudi Catering Company in relation to their initial public offerings of shares
- Saudi Arabian Stock Exchange ("Tadawul") and the CMA on the transition of responsibilities from the CMA to Tadawul. This includes redrafting of most of the regulations governing the capital markets in Saudi Arabia including the Listing Rules, Offers of Securities Regulations and Securities Business Regulations etc
- the Public Investment Fund on the establishment of the Saudi Real Estate Mortgage Refinance Company
- MTC-Zain in relation to its capital reduction followed by a rights issue (a market-first for Saudi Arabia)