Banking

Banking

Z&Co. works hand-in-hand with Linklaters’ world-leading global banking practice, which has advised on some of the most complex and significant transactions of recent years. Further details of Linklaters’ wide capabilities are available here.

On transactions in the Kingdom, Z&Co., working with Linklaters, has advised banks and other financial institutions, companies, and governments on domestic and international bank financing transactions across a wide range of industries and sectors.

Additionally, the Z&Co. team has worked on the bank financing aspects for several government and private sector projects that are crucial to both Vision 2030 and the National Transformation Plan. These projects have included:

  • Arranging Saudi Arabia’s expansion of a USD $10 billion international loan to raise USD $16 billion, one of the largest financings in the Middle East to date. The deal introduced a Shari’ah-compliant tranche alongside a conventional loan facility;
  • Saudi Industrial Recycling Company, a company owned by the Public Investment Fund, on the acquisition financing for its purchase of Global Environmental Management Services, a crucial part of the government’s plans for circular economy;
  • The banks on the SAR2.7 billion murabaha project financing to Port Development Company for the development and operation of King Abdullah Port in King Abdullah Economic City (“KAEC”), one of the ten largest ports in the world and crucial to KAEC’s integrated multi-model transportation system; and
  • The financing parties on the SR2.2 billion murabaha financing to Sahara & Ma’aden Petrochemicals Co., a joint venture between Saudi Arabian Mining Company (“Ma’aden”) and Sahara Petrochemical Company (“Sipchem”).