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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 experience relating to a range of construction, energy and infrastructure matters. It also assists clients with an array of syndicated, trade and Islamic finance facilities, acting equally for borrowers and lenders.

Work Highlights

Provided by Derayah LLPC

  • Derayah acted as Saudi local counsel to Industrial and Commercial Bank of China on a USD11 billion loan provided to the government of Saudi Arabia for the purposes of addressing its budget deficit.

Strengths

Provided by Chambers

We work with the Derayah team on a regular basis and would highly recommend them for transactional work.

Banking & Finance respondent
Global

The team is highly knowledgeable and experienced in Saudi Arabian banking and financing transactions.

Banking & Finance respondent
Global

They’re an excellent Saudi law firm.

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 Binladin Group. He recently joined Derayah after leaving Baker McKenzie.

He’s highly experienced in banking and finance matters, seasoned in the intricacies of Saudi Arabian law, always available to respond to enquiries and he provides practical and pragmatic advice.

Basel's in-depth knowledge, long-term experience and capabilities are exceptional and definitely top-notch. He is simply one of the best.

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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 Abedi is very knowledgeable, prompt, responsive, helpful, creative and supportive of the needs of his clients. His legal knowledge is strong and his responses helpful and detailed.

Ali is very commercial in nature, giving clear, concise and informed advice. He is very responsive too.

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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
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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