Banking & Finance
Global Guide 2024 : Saudi Arabia
Band 1
Email address
[email protected]Contact number
+966 11 265 8900About
Provided by Baker McKenzie
Please visit bakermckenzie.com to learn more about our practice.
Chambers Review
Baker McKenzie Law Firm houses a pre-eminent banking practice across its offices in Riyadh and Jeddah. It offers significant experience across the full spectrum of Islamic and conventional financing. The practice is noted for its in-depth knowledge of murabaha and ijarah instruments, and often acts as borrower's counsel, representing major construction clients in project financings and restructurings. It is also well versed in acting for banks. The firm is often highlighted for its close working relationship with the Bahrain office of Baker McKenzie.
Work Highlights
- Baker McKenzie acted for HSBC Saudi Arabia, and a syndicate of other lenders, on the provision of an approximately USD2.7 billion financing to Saudi Electricity Company.
Strengths
Provided by Chambers
"They have a fantastic understanding of things. They know what we are concerned about and are on top of what is changing in Saudi Arabia."
"The core strengths of the firm are the vast experience they bring to the table and the strong acceptance that they enjoy within banking circles. Banks often say: 'Please ask Baker McKenzie to act for us.'"
"They have a fantastic understanding of things. They know what we are concerned about and are on top of what is changing in Saudi Arabia."
"The core strengths of the firm are the vast experience they bring to the table and the strong acceptance that they enjoy within banking circles. Banks often say: 'Please ask Baker McKenzie to act for us.'"
Notable Practitioners
Senior consultant Ian Siddell assists clients with a wide range of financings, including conventional and Islamic transactions. He is noted for his particular expertise in project finance, and he is also well versed in financial restructurings.
"Ian Siddell has long experience in Riyadh and massive know-how."
"He is very available, has a wealth of experience and provides a sane, calm voice in heated negotiations. He's been in the region for 30 years so he knows what works and what doesn't."