“I am a capital markets lawyer advising both investment banks and issuer clients on the most innovative conventional and Islamic capital markets transactions in Saudi Arabia, the wider Middle East and further afield. I take pride in my strong relationships with my clients and combine my understanding of their legal and commercial objectives with my deep product, sector and geographic expertise, and intuitive appreciation of regional dynamics, to deliver swift and workable solutions on their most important deals.”
Education and qualifications
Dalia is a capital markets practitioner, advising investment banks, sovereigns, sovereign wealth funds, government-related entities, corporates and financial institutions across the GCC and wider Middle East and North Africa region, on the full spectrum of conventional and Islamic capital markets products. These transactions include standalone debt offerings, euro medium term note programmes, bank regulatory capital and hybrid issues, in both conventional debt and sukuk format.
While covering a full range of products, Dalia has a particular interest in, and is particularly noted for her expertise in, sukuk. She has advised on the full spectrum of sukuk structures, including many complex ‘first-in-market’ transactions, and has significant experience in ‘AAOIFI-compliant’ sukuk.
Dalia has over 11 years of on-the-ground regional experience and heads the firm’s Saudi debt capital markets practice, having advised on many of the most strategically important debt and sukuk transactions in the Kingdom.
Prior to Dubai, Dalia was based in the firm’s London office for over 3 years and has also spent time on secondment at one of the firm’s investment bank clients.
Dalia’s experience includes advising:
- the dealers and joint lead managers on the establishment of Egypt’s US$5bn maiden sukuk programme and debut US$1.5bn issuance thereunder
- the dealers and joint lead managers on Saudi Arabia’s international debt and sukuk issues over the past 3 years
- the arrangers, dealers and joint lead managers on the establishment of Saudi National Bank’s US$5bn global bond programme and US$5bn global sukuk programme and the debut issuance thereunder of US$750m sustainable sukuk
- a number of Saudi financial institutions on the establishment of their international sukuk issuance programmes, including Banque Saudi Fransi and Alinma Bank
- on the SAR3.9bn sukuk by the National Shipping Company of Saudi Arabia
- on the simultaneous establishment of a US$1bn multicurrency sukuk issuance programme (and US$600m issuance) and a US$1bn Euro Medium Term Note (EMTN) programme by Mumtalakat, the Bahraini sovereign wealth fund
- the dealers/managers on the Abu Dhabi National Energy Company (TAQA) US$9bn Global Medium Term Note Programme and on multiple Reg S/Rule 144A issuances thereunder
- Emaar Properties on the establishment and annual updates of Emaar Sukuk Limited’s US$2bn trust certificate programme and multiple issuances thereunder
- on the Sultanate of Oman’s public debt issues (bond and sukuk)
- on the establishment and subsequent update of the US$3bn trust certificate issuance for Kuwait’s Boubyan Bank
- the arrangers, dealers and managers on the establishment and annual updates of Qatar National Bank’s US$22.5bn programme and multiple issuances from 2011 to present
Education and qualifications
Dalia studied law at Baliol College, the University of Oxford.
She speaks fluent Arabic and English and conversational French.