The finance team provides comprehensive advice to lenders, project owners and investors on loans (including credit and investment agreements, term loans, revolving credit facilities and guarantee facilities), project development agreements, collateral security agreements (including personal and corporate guarantees, pledges of assets and assignments), security arrangements including letters of credit and escrow arrangements and structuring, drafting, negotiating and settling complex documentation on behalf of clients in these and other areas. The finance team has had extensive experience in advising international finance institutions on offering and dealing with securities (including derivatives) in Saudi Arabia and are considered the leading Saudi Arabian advisors on the newly enacted Capital Markets Law.

Al-Jadaan in co-operation with Clifford Chance is in its own right ranked number one in Projects & Energy, Banking & Finance, Corporate and M&A and Dispute Resolution in Saudi Arabia by Legal 500. In addition, Al-Jadaan in co-operation with Clifford Chance was ranked with another law firm as number one in Banking & Finance, Corporate / Commercial and Capital Markets by Chambers and Partners. Al-Jadaan has also been awarded the “Saudi Law Firm of the Year” award by IFLR for the years 2006, 2007, 2008 and 2009.

Recent experience

Zain Saudi Arabia refinancing - advised Zain Saudi Arabia in relation to a US$ 2.6 billion Murabaha financing facility. This is the largest Islamic financing deal of 2009 in the Kingdom of Saudi Arabia.

US EXIM and Export Development Canada US$ 1.1 Billion Loan to Saudi Electricity Company - advised Export Import Bank of the United States and Export Development Canada with respect to their agreement to lend $1.1 billion to Saudi Electricity Company.

Saudi Kayan - advised Sabic and Saudi Kayan in connection with its proposed development and financing of a petrochemical project with an estimated cost of US$10 billion.

Ma’aden Phosphate Project - advised the lenders to the proposed multi-billion project financing for the Maaden phosphate project.

Rabigh Refinery and Petrochemical Complex – advised Japan Bank for International Co-operation and all other conventional and Islamic lenders in connection with a US$ 8.5 billion refinery and petrochemical project at Rabigh including advice in connection with assisting in structuring/devising novel Islamically compliant structures fitting into a larger conventional financing.

* Clifford Chance has a co-operation agreement with Al-Jadaan & Partners Law Firm.