Banking & Finance - Saudi Arabia
What the team is known for
Faisal Adnan Baassiri Law Firm in association with Ashurst is best known in Riyadh for the strength of its project finance capabilities, acting for lenders, sponsors and procurers on financing and refinancing transactions, as well as the development, construction and operation of projects. The group has experience advising on the finance elements of a broad range of projects, including matters relating to the construction of sewage treatment, desalination and power plants as well as oil pipelines and ports. The team also has a strong understanding of Islamic financing.
Strengths
"They are very practical and able to advise on any market precedents."
"The team displays a very detailed knowledge of commercial points."
Work highlights
Ashurst counselled the El Seif Contracting Group regarding the SAR2.9 billion finance package for a housing PPP project.
Notable practitioners
Bilal Rana is best known for his project finance work, a field in which he has developed a particular reputation for representing sponsors. He offers complementary strengths in other forms of financing, as well as commercial contract issues. "Bilal is a great lawyer who brings a great deal of experience. He gives the right advice for sophisticated issues and ensures the timely delivery of a transaction."
