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.

In the Kingdom of Saudi Arabia, Z&Co., working with Linklaters, has advised on transactions across a wide range of industries and sectors, including banks and other financial institutions, companies and governments on domestic and international bank financings.

In particular, 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 advising:

  • The Kingdom of Saudi Arabia’s on its USD $16 billion international loan, one of the largest financings in the Middle East to date. The deal introduced a Sharia-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 a circular economy;
  • The banks on the SAR 2.7 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 SAR 2.2 billion murabaha financing to Sahara & Ma’aden Petrochemicals Co., a joint venture between Saudi Arabian Mining Company and Sahara Petrochemical Company.

As the leading law firm in Saudi Arabia, Z&Co.’s banking lawyers regularly advises on transactions across financial institutions, companies and governments on domestic and international bank financings. Contact us now.