STAT Law Firm’s team delivers comprehensive end-to-end support across a broad array of conventional and Islamic finance transactions. Clients commend the team’s ability to manage the interplay between 'Shari’ah considerations' and 'commercial rationale'. Practice head Faris Alamoudi advises high-profile corporate and government entities, particularly on lending, restructuring and real estate finance. Other key contacts include Zeyad Alsalloum, who leverages extensive corporate experience, and Richard Blackburn, a specialist in derivatives and Islamic finance transactions.
Testimonials
Collated independently by Legal 500 research team.
‘Faris Al Amoudi and Zeyad Alsalloum are both excellent - very responsive and particularly good at managing the interplay between Shari'ah considerations on Islamic contracts and the underlying commercial rationale for transactions.’
‘We use the firm for advice and structuring of secured financings against Saudi-listed securities. The Firm has an excellent knowledge of the market and provides in-depth advice and solutions.'
‘ We were dealing mainly with Richard Blackburn and Faris Al Amoudi. Both are very accessible and quickly respond to demands that simplify the communication with our client and allow us to manage expectations.’
Key clients
- Saudi Central Bank (SAMA)
- Real Estate Development Fund
- Alistithmar Capital
- Bank Albilad
- Saudi Real Estate Refinance Company (SRC)
- Bank Aljazira
- Saudi National Bank
- Al Khair Capital
- Tourism Development Fund
- Saudi Mortgage Guarantee Company (Dhamanat)
Work highlights
- Advised Bank AlJazira on its Additional Tier 1 Capital Sukuk Programme and the subsequent issuance of SAR 2 billion worth of perpetual Additional Tier 1 Capital Sukuk. In addition, STAT advised BAJ on its SAR 2 billion Tier 2 Sukuk issuance.
- Represented the Saudi Central Bank and the Saudi Arabian government in drafting and negotiating a structured deposit agreement with various countries. Currently, STAT is advising the Saudi Central Bank on drafting and developing the upcoming KSA Netting Regulation, in order that the Kingdom is classified as a positive netting jurisdiction by ISDA.
- Acted for the lenders, represented by Riyad Bank, on the provision of a Murabaha facility above SAR 500 million to Dana Bay Fund managed by Blominvest.
Practice head
The lawyer(s) leading their teams.
Faris Alamoudi