Middle East Practice Advises on Two "Deals of the Year"

Islamic Finance news

March 08, 2012

Latham & Watkins advised on two innovative matters in Islamic Finance news’ 2011 Deals of the Year awards, including:

  • Structured Finance Deal of the Year – Latham & Watkins advised Salik One SPC Limited, owned by the Department of Finance, Government of Dubai, in connection with a term loan and Islamic financing secured by the revenues from the Salik toll road system. The award-winning transaction utilized a structure that was the first of its kind.
  • Mudarabah Deal of the Year – Latham & Watkins advised J.P. Morgan Saudi Arabia Limited and HSBC Saudi Arabia Limited in connection with a SAR 1 billion sukuk due 2021 callable with step-up in 2016. This sukuk was the first debt issuance by Bank AlJazira and the first sukuk issuance by a Shari’ah-compliant bank in Saudi Arabia as well as the first debt capital markets transaction in Saudi Arabia in 2011.

Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.