AS&H Clifford Chance

🌟 We are incredibly proud to announce that we have been awarded the Saudi Arabian Law Firm of the Year award at the 2024 IFLR Middle East Awards ceremony last night. Dr. Fahad Abuhimed, Managing Partner, shared: "A heartfelt thank you to our clients for their continued trust and confidence in us. We are equally grateful to our amazing team, whose hard work, expertise, and dedication have been instrumental in achieving this recognition. This award is a reflection of your unwavering commitment to delivering outstanding results to our clients in the Kingdom of Saudi Arabia." #SaudiArabia #Vision2030 #IFLRAwards

We are delighted to have advised a syndicate of banks in relation to a SAR 9 billion (approx. USD 2.4 billion) unsecured revolving Murabaha facility extended to the ROSHN Real Estate Group. ROSHN is Saudi Arabia’s leading multi-asset class real estate developer and a PIF portfolio company. ROSHN will utilise the credit facility for general corporate purposes and to fund its growth and expansion plans. The team was led by partner and head of banking & finance, Yasser Al-Hussain with support from counsel Ali Moiz Ansari, senior associate Ribal Wahid and associate Omar Wazir. Partner Ahmed Choudhry advised on certain Islamic Finance elements of the transaction. Read more: https://lnkd.in/gazxwjuu #SaudiArabia #Vision2030 #IslamicFinance #Financing

As we reflect on the insightful discussions at the inaugural Antitrust & Merger Control Conference held recently in Riyadh, we are delighted to share highlights from the event. We had the privilege of hearing from our esteemed guest Talal Alhogail on the recent amendments announced by the the الهيئة العامة للمنافسة | General Authority for Competition regarding economic concentrations.   🌐Our distinguished speakers, including Majid Al-Sheikh, Guy Norman, Omar Rashid, Marc Besen, Stavroula Vryna, Selman Ansari, and Jomana Alkathiri, shared invaluable insights into both international and local perspectives of the Antitrust and Merger Control landscape.   View the highlights video below 👇 and stay tuned for more insights. #SaudiArabia #GeneralAuthorityforCompetition #GAC #Vision2030 #Antitrust #Law

🌐 AS&H Clifford Chance is delighted to have advised Ajlan & Bros Holding on reaching successful financial close of the Taiba 2 and Qassim 2 IPP projects in Saudi Arabia.   With a total capacity of 3.96 GW, these two Combined Cycle Gas Turbine (CCGT) power projects have been financed through a combination of equity bridge financing and senior debt, for the approximate value of $3.9 Billion (equivalent to SAR 14.6 Billion).   These will be the first two projects in KSA with a provision for carbon capture in line with the Kingdom’s Vision 2030 and the Saudi Green Initiative.   Our cross-border team in Riyadh and Dubai was led by Partner Omar Rashid together with Counsel Aysh-Ahmed Chaudhry. The wider team comprised of Partner Richard Parris and Senior Associate Jonathan Roux on the project diligence (with support from Associates Elsir U. Tawfik, Omar Al Harbi and Marwan Alamoudi, LLM for KSA diligence elements); and Partner Jeremy Barker, Counsel Cheuk Yin Cheung, Senior Associate Suzanne Dand and Associate Marya Manna on the EBL financing documentation. See more details: https://lnkd.in/gryEvSSg   Congratulations to all those involved!   #ASHCliffordChance #CliffordChance #SaudiArabia #Power #ProjectFinance #SaudiGreenInitiative #Vision2030

We are delighted to share the success of our inaugural Antitrust & Merger Control Conference held yesterday at the Fairmont in Riyadh. It was a privilege to hear insights from Talal Alhogail, M.A. on the recent amendments announced by the الهيئة العامة للمنافسة | General Authority for Competition regarding economic concentrations. 🌐   Key highlights include: • in the context of thresholds for acquisitions – the new requirement for the target to contribute towards the Saudi revenues of the economic concentration parties; • in the context of thresholds for mergers and joint ventures – the new requirement for at least two of the economic concentration parties to have revenues which exceed SAR 40 million; • the introduction of a one-year time limit for transactions to close following GAC approval; • updates to guidance regarding certain 'greenfield' joint ventures; • exemptions from notifying acquisitions of shares by investment funds for investment purposes and without the taking of control; and, • clarifications to the concept of 'control'.   A special thanks to the distinguished panellists and team Talal Alhogail, M.A. Majid Al-Sheikh, Anastasios Tomtsis, Omar Rashid, Guy Norman, Selman Ansari, Marc Besen, Stavroula Vryna, Jomana Alkathiri for sharing their insights and to all that attended. #SaudiArabia #GeneralAuthorityforCompetition #GAC #Vision2030 #Antitrust #Law

📢 AS&H Clifford Chance is excited to be hosting the inaugural Saudi Antitrust & Merger Control Conference in Riyadh, on Wednesday 10 July , 2024.    This conference will bring together our esteemed guest speaker, Talal Alhogail, M.A. from the الهيئة العامة للمنافسة | General Authority for Competition, with a distinguished panel of high-profile speakers to discuss critical developments in, and perspectives on, the Saudi Antitrust & Merger Control regimes.   This is an in-person event, targeted at senior representatives of corporate organisations in Saudi Arabia and beyond. 🌐   For more information, please email us at Business.Development@ashcliffordchance.com.   #Antitrust #MergerControl #Conference #SaudiArabia #ASHCliffordChance #SaudiVision2030

✨ #عيد أضحى مبارك Eid Mubarak from all of us at AS&H Clifford Chance! As we celebrate Eid al-Adha, may the spirit of this blessed occasion fill your hearts with peace, joy, and cherished moments. Wishing you all a blessed celebration filled with happiness, prosperity, and the joy of giving. #EidMubarak #ASHCliffordchance

👏 Congratulations to Ali Moiz Ansari, Abdullah Alsugair, Rakan Kawar, Sultan F. AlFayez, Aysh-Ahmed Chaudhry, Khaled Alkahtani and Abdullah Alobaid, our seven newly promoted Counsels in Riyadh.   Dr. Fahad Abuhimed, Managing Partner at AS&H Clifford Chance commented: “The partners and I are very pleased to announce the promotion of seven new counsels across our Banking & Finance, Corporate and Public Policy practices” said Dr. Fahad. “These individuals have shown exceptional contributions, skills, dedication and outstanding client delivery within their respective practices. We extend our heartfelt congratulations and wish them continued success in their new roles.”   We continue to see great work being undertaken across all our practice areas, these promotions demonstrate our keenness to provide long-term career opportunities to all members of our talented pool of lawyers and the firm’s growth in the Kingdom. #WhereBrightMindsMeet #ASHCliffordChance #Leadership

We are pleased to announce the promotion of Ahmed Choudhry to the Clifford Chance partnership, based in Riyadh. This promotion highlights our strength and unwavering dedication to elevating our expertise in Saudi Arabia. Dr. Fahad Abuhimed, Managing Partner at AS&H Clifford Chance commented: “The partners and I are delighted with the promotion of Ahmed. He is an exceptionally talented Banking & Finance lawyer who has demonstrated remarkable leadership capabilities and consistently provided outstanding client service. We have full confidence that he will continue to play an important role in the practice in Riyadh.” Congratulations to Ahmed Choudhry! #WhereBrightMindsMeet #ASHCliffordChance #Leadership

We are thrilled to announce that we have secured a Tier 1 ranking in Saudi Arabia across five core practice areas in the latest Legal 500 EMEA rankings. These practice areas include: • Banking and Finance • Capital Markets • Commercial, Corporate and M&A • Projects and Energy • Real Estate and Construction It is indeed an honour to be recognised as leaders in the legal industry in the Kingdom. A huge thank you to all our clients for their trust and support, as well as to our incredible team for their hard work and dedication to deliver! 🌟 #Legal500 #Tier1 #ASHCliffordChance #WhereBrightMindsMeet