Banking & Finance
Global Guide 2024 : Saudi Arabia
Band 3
Email address
[email protected]Contact number
+966 2 650 4475About
Provided by Derayah LLPC
Our firm provides project finance and banking services with particular emphasis on complex and/or large cross-border project finance transactions.
Since we are an independent firm, we are often instructed by international law firms, including firms with Saudi Arabian affiliates when their local offices are conflicted or when clients insist that they instruct us as Saudi counsel, rather than their local offices.
We often tackle transactions that are either challenging and/or set precedents. For example, the Dammam West sewage treatment plant will be Saudi Arabia’s first privately owned sewage treatment plant.
Chambers Review
Derayah is a prominent independent law firm with offices in both Jeddah and Riyadh. It is well versed in representing international clients and regularly acts as local counsel on cross-border project finance files, with notable expertise in renewable energy and IWP (independent water and power) matters. The team is noted for its deep knowledge of Saudi law and its strong relationships with well-established clients.
Work Highlights
- Derayah advised a consortium consisting of Marubeni and Al Jomaih Energy & Water Company on the Saudi law issues relating to the financing and development of a 300 MW solar power project.
Strengths
Provided by Chambers
"They have an excellent understanding of the legal issues coupled with an ability to break them down into simpler and comprehensible points."
"It is one of the best law firms in Saudi Arabia."
"They have an excellent understanding of the legal issues coupled with an ability to break them down into simpler and comprehensible points."
"It is one of the best law firms in Saudi Arabia."
Notable Practitioners
Jeddah-based Basel Barakat remains a significant name in the market. His deep-seated experience of financing structures is an asset to clients, who frequently mandate him on Shari'a-compliant transactions. He is particularly well known for his long-running representation of the Saudi Binladen Group. He recently joined Derayah after leaving Baker McKenzie.
"Basel consistently provides exceptional and top-tier service. He's extremely knowledgeable about very complex and sophisticated transactions. He's also very pragmatic and understands clients' commercial needs."
Operating out of Jeddah, Ali Abedi has extensive local and international experience in project finance work. His practice extends to providing counsel on the finance aspects of energy as well as infrastructure projects.
"Ali is a mature, knowledgeable and seasoned professional who is able to navigate complex matters while giving the customer a sense of confidence and ease."
Ranked Lawyers at
Derayah LLPC
Saudi Arabia
Clients
Provided by Derayah LLPC
Abu Dhabi National Energy Company (Taqa)
Al Raha Al Safi Food Company
Marafiq
Marubeni Corporation
Metito
Mowah
Orascom Construction