Linklaters > Dubai, United Arab Emirates > Firm Profile

Linklaters
NINTH FLOOR, CURRENCY HOUSE
DUBAI INTERNATIONAL FINANCIAL CENTRE
PO BOX 506516, DUBAI
United Arab Emirates

United Arab Emirates > Banking and finance: Corporate finance (including Islamic lending) Tier 1

The ‘highly experienced‘ team at Linklaters is lauded for its ‘strong capabilities across both conventional and Islamic finance,’ representing prominent industry players as well as a range of regional and global financial institutions. Team head Kieron Zaman, who expertly handles both conventional and Islamic finance matters, leads on a variety of acquisition finance and refinancing mandates. Co-head Reem Al Sayegh spearheads the firm’s Islamic finance practice and Middle East financial regulatory group, with a particular focus on the real estate sector. Dinush Wickremanayake provides key support on leveraged and acquisition finance transactions, while Valery Nformba is recognised for her adept cross-border practice. Yuri Nekrasov regularly advises both international and Middle Eastern banks.

Practice head(s):

Kieron Zaman; Reem Al Sayegh

Testimonials

‘Reem Al Salegh and Omar El Sayed are extremely knowledgeable on both the conventional and Islamic side and are great leaders. Valery Nformba shows great potential and strong capability to manage complex transactions.’

‘The Linklaters team is highly experienced and has strong capabilities across a range of conventional and Islamic finance in equal measure. The team produces an extremely high standard of work in a timely fashion and go above and beyond. The team also stands out to me as being very diverse with a good mix of gender and nationalities.’

Key clients

Brookfield Asset Management

Mashreqbank PSC

First Abu Dhabi Bank

Emirates NBD Bank

Commercial Bank of Dubai

Emirates Islamic Bank

Abu Dhabi Commercial Bank PJSC

Dubai Islamic Bank

Citibank NA

Work highlights

  • Advising the financiers on the provision of Shariah-compliant acquisition financing facilities to a Fajr Capital-led consortium to purchase the GCC Business of Aster DM Healthcare.
  • Advising Brookfield on the dual tranche conventional and Islamic facilities for its £2.2bn purchase of Network International Holdings plc a Middle East and Africa payments business, and the subsequent combination of Network and Magnati.
  • Advising Hassana Investment Company, on behalf of the General Organization for Social Insurance of the Kingdom of Saudi Arabia, on the US$1.2bn financing of its landmark c. US$2.4bn investment in three of DP World’s flagship UAE assets, valued at approximately US$23bn.

United Arab Emirates > Capital markets Tier 1

Linklaters is well placed to advise on a range of transactions, acting for an extensive client list that includes leading regional corporates, financial institutions, and sovereign entities. In debt capital markets, the firm demonstrates a notable track record in sovereign debt issuances and innovative Shariah-compliant transactions. In equity capital markets, the practice leverages its extensive international reach, actively advising on IPOs across key jurisdictions, including Saudi Arabia and Oman. Team head Jonathan Fried is a highly experienced debt practitioner who works closely with sovereigns, corporates and financial institutions across the Gulf. Co-head Dalia Nammari has a strong focus on Saudi Arabia, while fellow co-head Scott Campbell handles M&A and equities transactions.

Practice head(s):

Jonathan Fried; Dalia Nammari; Scott Campbell

Testimonials

‘The team are very commercially minded and willing to engage on all matters to be relevant. The uniqueness of this team is their desire to share knowledge and pass on information, with excellent training sessions being provided to us, across all levels.’

‘Stand-out difference is that the lawyers are very knowledgable across the GCC, rather than focused on one geography which is typically the case with legal firms. This makes it easy to receive input across deals that are either listing in a different geography, or considering a dual-list.’

Key clients

OQ Gas Network

Emirates NBD Bank PJSC

Industrial and Commercial Bank of China Limited

Abu Dhabi Islamic Bank PJSC

Damac Real Estate Development Limited

First Abu Dhabi Bank PJSC

HSBC Bank plc

Work highlights

  • Advising EFG Hermes, Bank of America and Bank Muscat on OQ Gas Networks’s partial privatisation by way of an initial public offering for 49% of its shares on the Muscat Stock Exchange with a final offer price at Bzs 140 per share.
  • Advising Emirates NBD the issuance of US$750m green notes by Emirates NBD Bank PJSC.
  • Advising the Dealers and Joint Lead Managers on the update of Abu Dhabi Future Energy Company PJSC’s US$3bn EMTN Programme and subsequent green notes drawdown of US$500m 4.875 per cent.

United Arab Emirates > Infrastructure and projects (including project finance) Tier 1

Linklaters ‘ ‘fantastic, experienced team’ continues to be active on market-leading projects across the Middle East, including major oil and gas developments and expansions, marquee green hydrogen projects, and large-scale renewable builds. The firm acts as trusted counsel to a number of the region’s most prominent public bodies and sovereign-backed entities, as well as multinational sponsors, developers and lenders. Matthew Keats spearheads the practice and is reputed for the breadth of his asset engagement, regularly overseeing project finance and development instructions. Co-head David Miles financing practice covers conventional and Islamic structures. Jack Allen-Fitt leverages his construction and engineering background to comprehensively advise clients on key project issues, particularly in the energy transition. Jonathan Vick‘s offering includes financing, development and M&A counsel. Leila Amos also comes recommended.

Practice head(s):

Matt Keats; David Miles

Testimonials

‘Jack Allen Fitt punches well above his weight. Trusted, accurate and very responsive.’

‘A fantastic, experienced team, and all members are responsive. Counsel operates as a partner and manages matters and team. Partner is technically brilliant.’

‘Jack Allen Fitt is a fantastic lawyer. His team is always striving to resolve issues commercially. They know our financing documents better than us and the banks – which is a plus. Dan Tyrer is a fantastic partner that knows the mindset of the international ECA s and has always has a cool head in times of conflict.’

Key clients

NEOM

Public Investment Fund

Saudi Electricity Company

Abu Dhabi National Oil Company

SABIC

International Finance Corporation

Saudi Power Procurement Company

Bapco Energies

Japan Bank for International Cooperation

The Export–Import Bank of Korea

Korea Trade Insurance Corporation

SACE

Plenary

Hassana Investment Company

Energy Development Oman

Ceyhan Polipropilen Uretim A.S.

Work highlights

  • Advising EDO/Hydrom on the development of Oman’s centralised common use infrastructure comprising green hydrogen, water and electricity transmission and distribution networks and desalination production facilities, to be utilised by green hydrogen developers operating in Oman.
  • Advising TAQA on the AED 1.6bn project financing and development of the Shuweihat 4 Reverse Osmosis Water Desalination Project in Abu Dhabi.
  • Advising Bapco Refining on the US$4.2bn multi-source conventional (including ECA-backed) and Islamic financing of its $7bn expansion and upgrading project.

United Arab Emirates > Commercial, corporate and M&A Tier 2

Linklaters supports clients across the a wide array of complex, multi-jurisdictional M&A and PE deals, complementing its transactional prowess with expert knowledge across a multitude of sectors – particularly education, healthcare, energy and infrastructure, and real estate. Co-leading the practice is Scott Campbell and Nicholas Edwards, with the former acting as the key relationship partner to the firm’s most consequential asset manager clients, and the latter noted for his connections with state-owned and state-backed entities in Abu Dhabi. Patrick Sutton-Mattocks has a broad practice that includes cross-border M&A, joint ventures, and equity raises. Claire Neil and Faysal Lassas were promoted to counsel in May 2024.  

Practice head(s):

Scott Campbell; Nicholas Edwards

Testimonials

‘Ultra responsive, commercial and collaborative. The perfect balance of detailed legal knowledge and practical application.’

‘Nick Edwards and Patrick Sutton-Mattocks have been excellent.’

Key clients

DP World Limited

Emirates Telecommunications Group Company PJSC

Emaar Properties PJSC

Abu Dhabi National Energy Company PJSC

Brookfield

BRF Foods GmbH

Work highlights

  • Advising e& on its US$400m investment in exchange for a majority stake in Careem’s Super App alongside Uber
  • Advising ICD Brookfield Place Dubai Limited, a joint venture between the Investment Corporation of Dubai and Brookfield on the sale of a 49% interest in ICD Brookfield Place Limited, the DIFC-incorporated operating company of ICD Brookfield Place.
  • Advising Brookfield Special Investments on its US$2bn preferred equity investment in GEMS Education, a UAE-based education and ancillary services provider.

United Arab Emirates > Banking and finance: Financial services regulation Tier 3

Linklaters' financial regulatory practice is well positioned to provide specialised advice on structured financial products, licensing, and compliance matters, with further capabilities in virtual assets and fintech platforms. The firm’s offering has been enhanced through the hire of Gabriella Savastano from CMS in January 2024, who has an established track record supporting clients on critical regulatory matters. Savastano co-heads the group alongside Reem Al Sayegh who remains a key adviser to commercial banks, covering a wide variety of financial instructions.

Practice head(s):

Reem Al Sayegh; Gabriella Savastano

Testimonials

‘Gabriella Savastano is incredibly knowledgable when it comes to matters of financial services regulation. She is a trusted advisor in the UAE Fintech space. Her advice is always easy to understand, succinct and commercial.’

‘The reason we go to Gabriella Savastano is that she is always available to lend a helping hand and is very easy to approach. We often have ad hoc urgent queries that arise and we are always made to feel as if we are the priority.’

Key clients

Brookfield Asset Management

Work highlights

Saudi Arabia > Banking and finance

Linklaters provide borrowers and lenders in the Kingdom with financing solutions across both conventional and Islamic finance. The team is well-equipped to handle the full spectrum of banking and finance transactions, with strengths in syndicated finance, debt restructuring, project and real estate finance, and acquisition finance. Leading the team is Riyadh-based Omar El Sayed, who is the go-to adviser for complex syndicated loans and Islamic financings. Christian Saunders has expanded the team’s capabilities given his extensive experience in debt reprofiling and asset restructurings.

Practice head(s):

Omar El Sayed

Other key lawyers:

Key clients

Hassana Investment Company

Bank Abilad

HSBC Saudi Arabia

Sumitomo Mitsui Banking Corporation (“SMBC”)

ADES Group

The Saudi National Bank

Banque Saudi Fransi

Saudi Electricity Company

Saudi Telecom (“stc”)

Goldman Sachs

Riyadh Bank

Work highlights

  • Advising the financiers to NEOM on its debut SAR 10bn syndicated revolving credit facility to be applied towards its short-term credit needs
  • Advising Riyad Bank as financier in connection with a project development financing provided to a joint venture between Red Sea Global and Kingdom Holding Company for development of a large hotel operated by Four Seasons to be located on Shura Island of Saudi Arabia.
  • Advising Hassana Investment Company (Hassana), on behalf of the General Organization for Social Insurance of the Kingdom of Saudi Arabia (GOSI), on the US$1.2bn financing of its landmark c. US$2.4bn investment in three of DP World’s flagship UAE assets, valued at approximately US$23bn.

Saudi Arabia > Capital markets

The Linklaters team bring ‘tremendous experience’ to complex debt and equity capital markets offerings, including sukuks, IPOs, private placements, tender offers, and debt and equity swaps. The team recently advised the Public Investment Fund (PIF) on its inaugural sukuk issuance. Leading the practice are three seasoned experts: Dubai-based Jonathan Fried advises the largest sovereigns, banks and corporates on a broad range of capital markets matters; Dalia Nammari, also in Dubai and described as ‘the firm’s shining star’, heads the DCM practice; and Riyadh-based Amro Bakhaidar who was recently appointed head of ECM and regularly executes complex IPOs.

Practice head(s):

Jonathan Fried; Dalia Nammari; Amro Bakhaidar

Testimonials

‘The team provides tremendous experience in their field. Dalia is the firm’s shining star. ’

‘Dalia Nammari is extraordinarily helpful, hands-on, and dedicated.’

Key clients

The Public Investment Fund (“PIF”)

National Debt Management Centre

Middle East Healthcare Company (publicly known as Saudi German Health)

Saudi Awwal Bank

Saudi National Bank

SNB Capital Company

Alinma Bank

Banque Saudi Fransi

BNP Paribas

Goldman Sachs International

HSBC Bank plc

Citigroup Global Markets Limited

J.P. Morgan Securities plc

Standard Chartered Bank

Work highlights

  • Advising a consortium of international banking groups as joint lead managers on the triple tranche issuance by the Kingdom of Saudi Arabia acting through the Ministry of Finance. This is the largest issuance of the Kingdom and the largest issuance out of the GCC country to date.
  • Advising Citigroup Global Markets Limited, Goldman Sachs International and J.P. Morgan Securities plc on a multi-tranche conventional note issuance guaranteed by the Public Investment Fund. The multi-tranche issuance totalling US$5bn, guaranteed by the Public Investment Fund (PIF), was a ground-breaking financial operation that supported Saudi Arabia’s Vision 2030 and demonstrated the nation’s sophisticated approach to accessing international capital markets.
  • Advising Saudi German Health on establishing its SAR 1.5bn (approximately US$400m) public sukuk issuance programme. This transaction is notable as the first public sukuk programme by a Saudi non-industrial corporate under Saudi Arabia’s new public offer rules.