The Law Office of Megren M. Al-Shaalan in cooperation with White & Case > Riyadh, Saudi Arabia > Firm Profile

The Law Office of Megren M. Al-Shaalan in cooperation with White & Case
The Business Gate Building No. 26 Zone C, Airport Road
P.O. Box 1080
Riyadh 11431
Saudi Arabia

Saudi Arabia > Banking and finance Tier 1

The Law Office of Megren M. Al-Shaalan in cooperation with White & Case has a six-decade long track record operating in Saudi Arabia and is highlighted for its project development and financing expertise acting for a host of marquee clients. The team is active in all areas of finance, particularly in the energy and project sectors. Doug Peel remains a key member of the group and heads the overall Middle East group; others include Ivan Paskal (who splits his time between Dubai and Riyadh) who advises clients on debt financings, and Alec Johnson who advises sponsors and lenders on multijurisdictional projects. The team has strengthened its project finance offering with the hire of Din Eshanov from Akin Gump Strauss Hauer & Feld LLP in May 2021.

Practice head(s):

Doug Peel; Adam Pierson; Ivan Paskal; Alec Johnson; Ibrahim Bakhurji; Din Eshanov

Testimonials

‘They are great. best in class.’

Key clients

Saudi Arabian Oil Company (Saudi Aramco)

Saudi Arabian Mining Company (Ma’aden)

Saudi Power Procurement Company (SPPC)

Saudi Water Partnership Company (SWPC)

National Water Company (NWC)

Water & Electricity Company (WEC)

King Faisal Specialist Hospital & Research Centre

National Commercial Bank (NCB)

Saline Water Conversion Corporation (SWCC)

USAID / Ministry of Water and Irrigation of Jordan

Fawaz Abdulaziz Al Hokair Co.

Work highlights

  • Acted for The Red Sea Development Company, a wholly-owned subsidiary of Saudi Arabia’s sovereign wealth fund, The Public Investment Fund, on the signing of key finance documents for Phase One of The Red Sea Project.
  • Advised Saudi Aramco in its $12.4bn sale of a 49% equity stake in Aramco Oil Pipelines Company to a consortium led by EIG Global Energy Partners.
  • Advising Saudi Aramco on the $12bn Jazan Integrated Gasification Combined Cycle (IGCC) project.

Saudi Arabia > Capital markets Tier 1

The Law Office of Megren M. Al-Shaalan in cooperation with White & Case’s capital market practice has strength in the full range of bonds work, particularly, sukuk and conveniently bonds matters. Practice head Megren Al-Shaalan leads the group which has seen an increase in equity and debt capital markets transactions and IPOs. Key contacts in Dubai remain Sami Al-Louzi and Debashis Dey; the duo lead on high-end IPOs. The group is able to leverage its global footprint to handle large-cross-border deals across London and New York.

Practice head(s):

Megren M. Al-Shaalan

Other key lawyers:

Sami E. Al-Louzi; Debashis Dey; Doug Peel

Key clients

Saudi Arabian Oil Company (Saudi Aramco)

Saudi Real Estate Refinance Company (SRC)

Arabian Centres Company (ACC)

J.P. Morgan

Citi

Nayifat Finance Company

Alrajhi Investments

HSBC Saudi Arabia

Goldman Sachs

Almarai

NCB Capital

GIB Capital

Bank of America

Deutsche Bank

Work highlights

  • Advised Saudi Aramco on its $29.4bn initial public offering, which is the world’s largest initial public offering to date.
  • Advised Goldman Sachs Saudi Arabia and J.P. Morgan Saudi Arabia Company, as financial advisers, bookrunners and underwriters; GIB Capital as senior bookrunner and underwriter; and NCB Capital Company as lead manager, bookrunner and underwriter on the initial public offering of supermarket giant BinDawood Holding Company (BinDawood) on the Saudi Stock Exchange (Tadawul).
  • Advised Saudi Real Estate Refinance Company (SRC) in connection with the establishment of SAR 10 billion domestic Sukuk issuance programme and issuance of SAR 1 billion guaranteed Sukuk due 2028 and SAR 3bn guaranteed Sukuk due 2031.

Saudi Arabia > Projects and energy Tier 1

The Law Office of Megren M. Al-Shaalan in cooperation with White & Case continues to be instructed on major deals in the Saudi energy market for leading clients including Saudi Aramco. The team advises on multimillion-dollar matters and has strength in the mining, power, and oil and gas sectors. Doug Peel is the head of the Middle Eastern practice group and advises on project transactions alongside Adam Pierson. Riyadh-based Ivan Paskal and Alec Johnson are also key names to note.

Practice head(s):

Doug Peel; Adam Pierson; Antoine Cousin; Ivan Paskal; Alec Johnson; Ibrahim Bakhurji; Din Eshanov

Key clients

Saudi Arabian Oil Company

Saudi Arabian Mining Company

Saudi Power Procurement Company

Saudi Water Partnership Company

National Water Company

Water & Electricity Company

King Faisal Specialist Hospital & Research Centre

National Commercial Bank

Saline Water Conversion Corporation

USAID / Ministry of Water and Irrigation of Jordan

Matarat Holding

Work highlights

  • Acted for The Red Sea Development Company, a wholly-owned subsidiary of Saudi Arabia’s sovereign wealth fund, The Public Investment Fund, on the signing of key finance documents for Phase One of The Red Sea Project, the revolutionary tourism giga project currently under development on the Red Sea coast of Saudi Arabia.
  • Advised Saudi Aramco in its US$12.4 billion sale of a 49% equity stake in Aramco Oil Pipelines Company to a consortium led by EIG Global Energy Partners.
  • Advising Saudi Aramco on the $12bn Jazan Integrated Gasification Combined Cycle (IGCC) project.

Saudi Arabia > Commercial, corporate and M&A Tier 2

The Law Office of Megren M. Al-Shaalan in cooperation with White & Case has a market-leading corporate practice advising both domestic and international investor clients on a range of transactions, with particular strength in high-profile mergers. The team has a deep bench of experts across IPOs, joint venture matters, and private equity work. Doug Peel remains the key name in the group alongside Megren Al-Shaalan, Dubai-based Sami Al-Louzi and Marcus Booth. Ivan Paskal handles big-ticket sales with recent highlights advising Saudi Aramco. Local partner Mohammad Al Bashir is another name to note.

Practice head(s):

Megren M. Al-Shaalan; Doug Peel; Sami Al-Louzi; Ivan Paskal; Marcus Booth

Other key lawyers:

Testimonials

‘They understand the Kingdom in terms of priorities, dynamics, key stakeholders combined with the global reach. Differently from other legal firms, the utmost attention to client service and to provide quality work.’

‘Megren Al-Shaalan is an outstanding senior lawyer, deep in content but at the same time affable and mature. He is easy to work with, pleasant and very keen on providing sound and objective advice.’

‘Mohammad Al Bashir is a great addition to the team. He will dedicate days and nights to a task without sparing himself, whilst maintaining the big picture. Mohammed has the gift of detail and strategic perspective that characterizes the best.’

Key clients

Saudi Arabian Oil Company (Saudi Aramco)

The Industrialization and Energy Services Company (TAQA)

Morgan Stanley

Bupa

Mediclinic

MDL Beast

Work highlights

  • Advised Saudi Aramco on its $12.4 billion sale of a 49% equity stake in Aramco Oil Pipelines Company to a consortium led by EIG Global Energy Partners.
  • Advised Saudi Arabian Oil Company (Saudi Aramco), the world’s largest oil company by production, in its $69.1n acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC).
  • Acted for Morgan Stanley Saudi Arabia, financial advisor to SAMBA Financial Group, in its $46 billion (SAR 171 billion) merger with National Commercial Bank, to create the largest bank in the Kingdom of Saudi Arabia.

Saudi Arabia > Real estate and construction Tier 2

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