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Derayah LLPC
Department profile | Derayah LLPC
Banking & Finance

About

Provided by Derayah LLPC

Our firm provides project finance and banking services with particular emphasis on complex and/or large cross-border project finance transactions.

Since we are an independent firm, we are often instructed by international law firms, including firms with Saudi Arabian affiliates when their local offices are conflicted or when clients insist that they instruct us as Saudi counsel, rather than their local offices.

We often tackle transactions that are either challenging and/or set precedents. For example, the Dammam West sewage treatment plant will be Saudi Arabia’s first privately owned sewage treatment plant.

Chambers Review

Provided by Chambers

Banking & Finance - Saudi Arabia

3
Band 3

What the Team is Known For

Derayah is a prominent independent law firm with offices in both Jeddah and Riyadh. It is well versed in representing international clients and regularly acts as local counsel on cross-border project finance files, with notable expertise in renewable energy and IWP (independent water and power) matters. The team is noted for its deep knowledge of Saudi law and its strong relationships with well-established clients.

Work Highlights

Provided by Derayah LLPC

  • Derayah advised a consortium consisting of Marubeni and Al Jomaih Energy & Water Company on the Saudi law issues relating to the financing and development of a 300 MW solar power project. 

Strengths

Provided by Chambers

"They have an excellent understanding of the legal issues coupled with an ability to break them down into simpler and comprehensible points."

Banking & Finance respondent
Global

"It is one of the best law firms in Saudi Arabia."

Banking & Finance respondent
Global

Notable Practitioners

Provided by Chambers

1
Basel Barakat
1
Band 1

Jeddah-based Basel Barakat remains a significant name in the market. His deep-seated experience of financing structures is an asset to clients, who frequently mandate him on Shari'a-compliant transactions. He is particularly well known for his long-running representation of the Saudi Binladen Group. He recently joined Derayah after leaving Baker McKenzie.

"Basel consistently provides exceptional and top-tier service. He's extremely knowledgeable about very complex and sophisticated transactions. He's also very pragmatic and understands clients' commercial needs."

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Ali Abedi
3
Ali Abedi
Head of Banking & Finance
3
Band 3

Operating out of Jeddah, Ali Abedi has extensive local and international experience in project finance work. His practice extends to providing counsel on the finance aspects of energy as well as infrastructure projects.

"Ali is a mature, knowledgeable and seasoned professional who is able to navigate complex matters while giving the customer a sense of confidence and ease."

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Ranked Lawyers at
Derayah LLPC

Provided by Chambers
Filter by
Band

Saudi Arabia

Banking & Finance
1
Basel Barakat
1
Band 1
View Profile
Ali Abedi
3
Ali Abedi
Head of Banking & Finance
3
Band 3
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Members

Provided by Derayah LLPC

Ali Abedi

Ali Abedi

Head of Department

Clients

Provided by Derayah LLPC

Abu Dhabi National Energy Company (Taqa)

Al Raha Al Safi Food Company

Marafiq

Marubeni Corporation

Metito

Mowah

Orascom Construction