The team was led by partners Daniel Royle and Mohamed Hamra-Krouha with support from Senior Associate Ali Moiz Ansari and Associates Mohammed Al-Esheikh, Adnan Syed, Mohammed Ghazzawi, Haya Al-Rowaita, Ghada Al-Mazyad, Rawaf Al-Arifi, Abdullah Al-Huwayshan, Naif Al-Shaikh, Aljawharah Al-Sadoun and Abdulwahab Al-Qahtani in Riyadh as well as Associate Arman Ghafarokhi and trainee Sarah Barrie in Dubai.
Yasser Al-Hussain, Head of Banking & Finance in Riyadh comments: “We are honoured to have advised the consortium on this milestone project which helps to validate the interests of foreign strategic investors in Saudi Arabia. It was an innovative and multi-faceted transaction for which our Saudi and UAE teams worked seamlessly in order to reach financial close expeditiously.”
AS&H in cooperation with Clifford Chance also recently advised Riyadh’s airport (KKIA) on the procurement of their cargo terminal concession to SATS, the Singapore airport services company and Al Rajhi Bank on the US$69 million (SAR258 million) Islamic debt facility in relation to the Taif independent sewage treatment plant (ISTP) in Mecca Province. The team is also advising the Ministry of Health on its privatisation initiatives including the privatisation of the Dialysis services as well as the procurement of the Alansar Hospital BOT project.