Linklaters and Zamakhchary & Co work together through a formal agreement, as is the practice for all international law firms operating in Saudi Arabia. As part of our arrangements, Linklaters lawyers are based in Zamakhchary & Co’s offices in Riyadh. Our presence in Saudi Arabia is led by Omar El Sayed (Head of Banking and Finance, Saudi Arabia). Our global approach, and both firms' commitment to excellence and in-depth understanding of the legal and commercial landscape of Saudi Arabia mean that we have established a leading position for delivering complex and innovative advice which has helped our clients successfully pursue opportunities, realise investments and manage risk in Saudi Arabia.
Commitment to excellence
We are acknowledged as a market leader for corporate/M&A, capital markets, banking, project finance, Islamic finance and international arbitration matters. Our offices also have dedicated sector specialists in the energy, infrastructure, petrochemicals, financial institutions, financial sponsor and telecommunications sectors. The firm’s track record includes acting on some of the most significant and innovative deals, as well as some of the most high-profile disputes that the region has seen in recent years.
We are one of the few firms in the region capable of advising on leading cross-border transactions, and our clients regularly instruct us on their most complex deals.
We continue to advise on some of the largest and most high-profile deals in the Saudi market, but what we are truly proud of is our ability to take on some of the most structurally complex projects and coming up with innovative solutions to help our clients achieve their strategic objectives.
As the deals are becoming more complex in the Kingdom, driven both by the diversification of projects and greater sophistication of financing methods, clients are increasingly looking to us as one of the pre-eminent firms for intricate financial models, to assist them with their most important and challenging matters.
We are known as one of the leading law firms within the Saudi PPP space, having been involved in the first major successful PPP in the Kingdom, the Madinah Airport PPP Project and we are currently advising on a number of the PPPs in Saudi Arabia. Additionally, it should be noted that we are also involved in the majority of the I(W)PPs in the Kingdom.
Highlights of our experience in Saudi includes advising:
- lenders on the development and financing arrangements in relation to the privatisation of three domestic and international airports at Qassim, Hail and Yanbu in the Kingdom of Saudi Arabia
- Farabi in respect of the financing and development of (i) a normal paraffin and derivatives complex to be situated in Yanbu, Kingdom of Saudi Arabia, and (ii) the expansion of an existing petrochemicals complex located in Jubail Industrial City, Kingdom of Saudi Arabia
- The Saudi Railways Organisation as arranger on the SAR30.815bn Phase 2 of the construction and operation of the first high speed passenger rail service in the Gulf
- the project companies on the US$2bn Islamic financing of an integrated acrylates complex comprising of utilities and offsite facilities, an acrylic acid and esters plant and a super absorbent polymer plant being developed and constructed in Jubail, Saudi Arabia
- advising Grant Thornton on the Saad-Al Gosaibi litigation
- the arrangers on the US$16bn dual conventional and Islamic financing in favour of the Kingdom of Saudi Arabia
- Public Investment Fund (PIF) on behalf of the Kingdom of Saudi Arabia on the acquisition of a 50% stake in Americana (IFLR Middle East M&A Deal of the Year 2017)
- Public Invesment Fund (PIF) on the acquisition of a portfolio of hotels from ACCOR
- Saudi Oger Limited and Oger Telecom Saudi Arabia Limited in the US$2.56bn sale of up to 35% of the share capital of Oger Telecom Limited to Saudi Telecom Company
- on various development and regeneration projects in the Kingdom
- the lead arrangers on the US$1.2bn Islamic financing of the project for the expansion and development of the airport in Madinah, Saudi Arabia
- The National Commercial Bank (NCB) on its SAR 2bn issue of Floating Rate Tier 1 Capital Sukuk
- National Commercial Bank of Saudi Arabia on its SAR5bn issue of tier 2 capital sukuk
- Alinma Bank on a SAR525m Ijara financing to ADES
- The US$1.5bn Islamic project financing of King Abdullah Port, situated in Kind Abdullah Economic City on the west coast of Saudi Arabia and subsequent US$300m financing for National Container Terminals, a terminal operator at the port