Capital Markets
Global Guide 2024 : United Arab Emirates
Band 1
Contact number
+971 4 4267100Chambers Review
A&O Shearman is noted for its deep bench of distinguished lawyers across both Dubai and Abu Dhabi. It is regularly highlighted for its sukuk work and possesses equally significant hybrid securities expertise. The firm frequently advises clients on debut issuances, and has a very strong equity capital markets group which represents major investment banks in market-leading regional IPOs. The team is very experienced acting for issuers as well as underwriters, and represents a client base active in the energy and real estate industries, among others. On 1st May 2024, Allen & Overy and Shearman & Sterling merged to form A&O Shearman.
Work Highlights
- The firm acted as underwriters' counsel on the USD2.5 billion IPO of ADNOC Gas on the Abu Dhabi Securities Exchange.
Strengths
Provided by Chambers
"They are the best in the industry by far."
"They are the best in the industry by far."
Notable Practitioners
Anzal Mohammed demonstrates a broad range of expertise in Islamic and conventional debt capital markets. A highly acclaimed lawyer in Dubai, he often acts on Tier 1 issuances and sukuk programmes; on such matters he regularly advises lead managers and arrangers, as well as issuers.
Bilal Ahmad is widely recognised as a market leader in sukuk, both within the UAE and in Saudi Arabia. He is equally skilled at acting for issuers and arrangers, and his clientele includes real estate companies as well as domestic and international financial institutions. He is particularly experienced in acting on debut sukuk issuances.
Khalid Garousha is a distinguished lawyer in equity capital markets who is held in high esteem for his work representing underwriters. Based in Abu Dhabi, he is experienced overseeing market-leading IPOs and other international equity offerings. In mid-2023 he assumed the role of Allen & Overy's interim global managing partner, overseeing the firm's merger with Shearman & Sterling.