Banking & Finance
Global Guide 2024 : Saudi Arabia
Band 2
Contact number
+966 11 484 7138Chambers Review
Norton Rose Fulbright PLLC often acts as lenders' counsel on Shari'a-compliant project and real estate financings, with further experience acting for developers and project companies. The team counsels Saudi banks on their lending agreements with borrowers active across a number of sectors and has further experience acting for international banks on Saudi regulatory issues.
Work Highlights
- The team acted for HSBC and SMBC International Bank on the provision of a more than USD1.1 billion, dual-tranche murabaha facility to Al Rajhi Bank. The loan was issued in compliance with both 'green loan' and ESG principles.
Notable Practitioners
Abdulkhaliq Elshayyal is a new joiner to the firm, having previously practised at AS&H Clifford Chance. He is a popular figure among his fellow lawyers, with experience spanning murabaha financing in addition to banking regulatory matters and sukuk issuances.
"Abdulkhaliq is technically very competent and good to work with; he knows his stuff."
"He is commercial and well liked by clients."