Mr. Rai’s experience includes advising/representing:

• The Public Investment Fund (PIF) on term loan facility for Maaden Bauxite and Alumina Company, a multi-commodity mining and metals company, to refinance existing debt
• The National Titanium Dioxide Company Ltd.(Cristal), a manufacturer of titanium dioxide products, on murabaha and bai al-ajal facilities to refinance existing debt
• The Government of Saudi Arabia in relation to the establishment of its US$17.5 billion GMTN Programme and debut sovereign bond issuance
• Bank AlBilad in relation to its SAR2 billion Sukuk issuance
• On murabaha term loan facilities for Almarai Company

• The Public Investment Fund (PIF) in connection with a term loan facility for Saudi Aramco Base Oil Company, a supplier of base oil to major oil companies operating in the Kingdom of Saudi Arabia
• Arab Petroleum Investment Corporation (APICORP) in connection with US$950 million Shari’ah-compliant syndicated financings
• Borrowers counsel in connection with a SAR2.5 billion Murabaha facility for Power and Water Utility Company for Jubail and Yanbu (MARAFIQ), a Saudi Arabian utility company
• Banque Saudi Fransi, a leading lender in Saudi Arabia, in connection with its SAR2 billion Tier II Sukuk issuance through a private placement in the Kingdom of Saudi Arabia
• Lead Managers to Saudi Electricity Company on the issuance of SAR4.5 billion Sukuk Al-Istithmar expiring 2054G
• Dar Al-Arkan Real Estate Development Company on its inaugural US$1.2 billion Trust Certificate Programme and US$750 million issuances thereunder  
• The Joint Lead Arrangers and the Manager on the establishment of a MYR1 billion Sukuk programme by Al Bayan Holding Company  
• The National Industrialization Company (TASNEE) on its SAR2 billion first Sukuk issuance  
• PIF in connection with the financing for Saudi Global Ports Company’s design, construction, management, and operation of a second container terminal at King Abdul Aziz port in Dammam  
• The Financiers in connection with Al Fanar Company’s SAR3 billion multiple tranche murabaha-tawarruq facilities to refinance existing facilities
• Etihad Etisalat Company (Mobily) in connection with the SAR10 billion airtime sale and murabaha facilities
• The banks and Export-Import Bank of Korea in connection with the US$1.4 billion facility for Saudi Electricity Company
• The Joint Lead Managers, Deutsche Securities Saudi Arabia LLC, and Riyad Capital on the SAR1.8 billion mudaraba Sukuk for Saudi International Petrochemical Company
• The Joint Lead Managers, J.P. Morgan Saudi Arabia Limited, and HSBC Saudi Arabia Limited on the SAR1 billion Sukuk for Bank AlJazira
• The banks and US Ex-Im in relation to the US$2 billion project financing for Dhuruma Electricity Company in connection with Saudi Electricity Company's 1,730-MW gas-fired independent power project (IPP) Riyadh PP-11
• Al-Tanmiah for Industrial & Commercial Investment Company as project sponsor in relation to the SAR2.1 billion project financing of a tubular steel factory in Jubail, Saudi Arabia, a joint venture with ArcelorMittal S.A.