At CMS Cameron McKenna Nabarro Olswang Lawyers and Consultants, the banking and finance offering in Saudi Arabia was bolstered by the arrival of finance expert Robin Balmer. Balmer has an excellent reputation for advising on asset, property, project and trade finance matters across the Middle East.
Banking and finance in Saudi Arabia
CMS Cameron McKenna Nabarro Olswang Lawyers and Consultants
A&O Shearman
A&O Shearman's banking and finance team is noted for its capabilities in private credit matters, receivables securitisation, debt restructuring and international financing issues. The group has expertise in representing borrowers and lenders in mandates. Practice head Samer Eido brings extensive experience in handling conventional and Islamic finance transactions. Hosam Ghaith, the managing partner of Saudi Arabia, routinely acts for government entities and financial institutions in mandates. Private credit transactions are a key area of strength for Haris Meyer Hanif, who is equally adept at handling restructuring and insolvency matters.
Responsables de la pratique:
Samer Eido
Autres avocats clés:
Hosam Ghaith; Haris Meyer Hanif
Les références
‘Their precise and meticulous approach to every task is what truly sets them apart.’
Principaux clients
Saudi Electricity Company
Shorooq Partners Limited
Drake & Scull International
Principaux dossiers
- Advised a syndicate of international and regional banks on USD3.6 billion conventional and Murabaha loan facilities provided to Saudi Electricity Company.
Abuhimed Alsheikh Alhagbani Law Firm (AS&H) in co-operation with Clifford Chance
Abuhimed Alsheikh Alhagbani Law Firm (AS&H) in co-operation with Clifford Chance‘s ‘exceptional’ banking and finance practice has an excellent reputation in Saudi Arabia for its expertise in handling a wide spectrum of finance matters. The team acts as counsel to domestic and international banking companies, public sector clients and government entities on large-scale financings, facility arrangements, restructurings and private matters, to name a few areas. Additionally, the group is well-versed in representing lenders in high-value financing mandates, often in the aviation and utilities sectors. Practice head Yasser Al-Hussain is particularly experienced in advising on high-value syndicated lending transactions. Ahmed Choudhry and Mohamed Hamra-Krouha are key practitioners to note. Ali Moiz Ansari left the firm in October 2025.
Responsables de la pratique:
Yasser Al-Hussain
Autres avocats clés:
Mohamed Hamra-Krouha; Ahmed Choudhry
Principaux clients
ROSHN Group Company
Saudi National Bank
Riyad Bank
HSBC Saudi Arabia
Saudi Electricity Company
Vision International Investment Company
MUFG Bank, Ltd.
Mizuho Bank, Ltd.
Bahri
Principaux dossiers
- Advised a syndicate of banks on a SAR 9 billion unsecured revolving Murabaha facility extended to the ROSHN Group.
- Advised SNB on a USD 1 billion credit facility matter.
Khoshaim & Associates
Khoshaim & Associates is lauded for its expertise in banking and finance matters. Led by Karim Wali, the team often assists public and private clients with corporate finance and project finance issues in the energy, real estate and construction sectors, as well as advising on Islamic and Shariah-compliant financing transactions. The 'exceptional' Paul Matrosov is sought after for his excellent track record in handling high-value financings and transactions for sponsors and lenders relating to energy and infrastructure projects. Naryman Alkassimi is a name to note for financial sector regulatory matters.
Responsables de la pratique:
Karim Wali
Autres avocats clés:
Paul Matrosov; Naryman Alkassimi
Les références
‘Working with Karim Wali has been a remarkable experience. He is very dedicated.’
‘Paul Matrosov demonstrated exceptional expertise, delivering high-quality advice with impressive efficiency and turnaround time.’
‘We were highly impressed by Paul Matrosov’s exceptional expertise, combining deep knowledge of complex project finance structures with extensive experience in Saudi projects. His level of service, understanding, and responsiveness was truly outstanding, and his advice was delivered with remarkable efficiency and precision.’
Principaux clients
The Saudi National Bank
Arab National Bank
BANQUE SAUDI FRANSI
Saudi Awwal Bank
Tourism Development Fund
National Automotive & Mobility Investment Company (TASARU)
Morgan Stanley
CEER National Automotive Company
Saudi Arabian Oil Company
Saudi Industrial Development Fund – SIDF
Latham & Watkins LLC
Latham & Watkins LLC‘s ‘extremely proactive, knowledgeable and responsive’ banking and finance team has an excellent reputation for handling financings in the construction and power sectors. The group is very experienced in acting for both borrowers and lenders in major project development matters, as well as representing government entities and private clients in cases involving Shariah-compliant financing. Practice head Peter Norris, who was promoted to the partnership in March 2025, is well-versed in handling domestic and cross-border project finance cases. Salman Al-Sudairi brings expertise in debt restructurings.
Responsables de la pratique:
Peter Norris
Autres avocats clés:
Salman Al-Sudairi
Les références
‘Their extensive expertise distinguishes them from others in the field, supported by a wealth of knowledge and confident leadership in key matters.’
‘An excellent team – extremely proactive, knowledgeable and responsive. They leverage resources across their network to put together the most knowledgeable team for the deal. I have nothing but positive feedback for their work.’
‘Peter Norris is hands-on, commercial, and always available to deal promptly and efficiently with any queries.’
Linklaters
Linklaters acts on high-profile syndication financing, Islamic finance, project finance and export credit agency finance transactions. The group routinely represents national and global banking entities and real estate companies in mandates, and supports clients on private credit and debt finance cases. Practice head Omar El Sayed is a highly regarded finance practitioner with a solid track record in representing public and private clients in matters involving projects and the energy sector. Yuri Nekrasov focuses on cross-border finance transactions.
Responsables de la pratique:
Omar El Sayed
Autres avocats clés:
Yuri Nekrasov
Norton Rose Fulbright
Norton Rose Fulbright regularly acts for international and domestic banks, as lenders, in a wide range of transactions, including Islamic revolving credit facilities and syndicated lending. The team is equally adept at assisting PIF subsidiaries with finance matters. Practice head Mohammed Paracha also acts as the head of the firm's Islamic finance practice for the Middle East. Aditi Sanyal assists financial institutions with real estate finance, project finance, and acquisition finance matters. Amar Meher brings expertise in handling high-profile debt restructurings.
Responsables de la pratique:
Mohammed Paracha
Autres avocats clés:
Aditi Sanyal; Amar Meher
Baker McKenzie Law Firm
At Baker McKenzie Law Firm, the team is very experienced in acting for banking companies, investment funds, and export credit agencies on a broad range of transactional matters, including conventional and Islamic financing work. Additionally, the group has a strong track record in assisting with financial regulatory matters. Dubai-based Adil Hussain leads the firm's Middle Eastern banking and finance practice, as well as acting as global head of Islamic finance, and Riyadh-based Delwar Hossain assists with project finance, Islamic finance and restructuring matters. In 2025 Ian Siddell retired from practice, and Fatima Alhasan left the firm.
Responsables de la pratique:
Adil Hussain
Autres avocats clés:
Delwar Hossain
Principaux clients
ABC Islamic Bank (E.C.)
Arab Banking Corporation (B.S.C.)
Abdullah Ibrahim Mohammed Alsubeaei Holding Company (AIMS Holding)
Abdul Samad Al Qurashi for Oud, Amber, Perfumes Stores Company
Abdulrahman Saleh Al – Rahji and Partners Company
ACWA Power International
Al Rahji Banking and Investment Corporation
Arab National Bank
The Arab Energy Fund (TAEF) – previously Arab Petroleum Investment Corporation (APICORP)
Bank AlJazira
Banque Saudi Fransi
Gulf International Bank B.S.C / GIB Capital
HSBC Saudi Arabia / Saudi Awwal Bank
Islamic Corporation for the Development of the Private Sector (ICD)
Khair Inorganic Chemical Industries Company (InoChem)
Mohammed I. Alsubeaei & Sons Investment Company (MASIC)
Olayan Saudi Holding Company
Saline Water Conversion Company
Saudi Arabia Ministry of Finance
Saudi Arabian Mining Company (Ma’aden)
Saudi Binladin Group Company Limited
Saudi Electricity Company
SNB Capital Company
Thakher Development Company (TDC)
The Saudi National Bank
The Saudi Investment Bank
Riyad Bank
Methanol Chemicals Company (Chemanol)
Solb Steel Company
JP Morgan
Alfanar Company CJSC
Al Yamama Company for Trading & Contracting
Ejada Capital Company
Catrion Catering Services LLC and Catrion Commercial Laundry LLC (100% subsidiaries of Saudia)
Almarai Company
Merak Capital Company (JSC)
Al Fadhili Field Housing for Real Estate Development Company
Al-Ittefaq Steel Products Company
Derayah LLPC – Saudilegal
Derayah LLPC – Saudilegal‘s banking and finance practice often represents major construction entities, lenders, sponsors and contractors in large-scale infrastructure financings. The group is equally adept at handling debt refinancing issues, multi-purpose facility arrangements, and banking regulatory matters. The department is co-led by Ali Abedi and Basel Barakat. Dana Halwani is a name to note.
Responsables de la pratique:
Ali Abedi; Basel Barakat
Autres avocats clés:
Dana Halwani
Principaux clients
Electricite de France (EDF)
Saudi Binladin Group Company Limited
AlJomaih Energy and Water
Buhur for Investment
Ajlan & Brothers
Riyad Bank
Apicorp
Saudi National Bank
Warba Bank
Abu Dhabi Islamic Bank
Principaux dossiers
- Advising the sponsors in connection with the project financing of a 1,800MW combined cycle gas turbine independent power plant in Taiba, Saudi Arabia.
- Advised First Milling Company in connection with the refinancing of its existing debt.
- Advising the sponsors in connection with the project financing for the first gas-fired IPPs since 2016 in Qassim, Saudi Arabia.
DLA Piper Legal Consultants
DLA Piper Legal Consultants has established expertise in handling transactions for clients in the power, water and petrochemical industries. The team is equally well-versed in advising on restructuring, insolvency and bankruptcy proceedings. Based in Riyadh, Paul Latto is sought after by banking clients to advise on Saudi regulatory compliance work and lending transactions. AgathI Trakkidi is very experienced in representing lenders in finance transactions.
Responsables de la pratique:
Paul Latto; James Iremonger
Autres avocats clés:
Agathi Trakkidi
Les références
‘Excellent problem-solving skills.’
‘Deep knowledge of our company, work very well with internal clients and able to deliver great advice quickly.’
Principaux clients
Creditors‘ Coordinating Committee for Ahmad Hamad Algosaibi Brothers & Company
Principaux dossiers
- Representing the creditors committee established by the Commercial Court in Dammam, Saudi Arabia in ongoing bankruptcy procedures concerning the financial reorganisation proposal prepared by AHAB in consultation with the bankruptcy trustee.
Gibson Dunn
Project finance work forms the backbone of Gibson Dunn's practice. The team's recent workload includes advising lenders on project financing in the water, desalination and petrochemical sectors, as well as representing independent power producers in mandates. The group is equally strong in acting for government ministries as sponsor-side clients in international syndicated lending. Practice head Mahmoud Abdel-Baky regularly assists with infrastructure and power project finance issues and Shariah-compliant financing.
Responsables de la pratique:
Mahmoud Abdel-Baky
Les références
‘They doesn’t just answer legal questions—they anticipate business challenges three steps ahead. On complex transactions, they consistently identify issues that others miss and propose creative solutions that balance legal risk with commercial objectives. Their ability to see the « big picture » while managing intricate details is extraordinary.’
‘Mahmoud builds exceptional teams around each matter. He delegates effectively while maintaining quality control, and creates collaborative environments that bring out the best in everyone involved. The ability to bridge Western business practices and Saudi commercial culture is invaluable. Mahmoud translates between these worlds effortlessly, helping international clients navigate local nuances while helping Saudi clients access global capital and partnerships.’
Principaux clients
Saudi Kayan
Riyad Bank
Ministry of Finance
ACWA Power
Chevron Corporation
Ensco Global Limited
Kuwait Investment Authority
PIF
NEOM
Principaux dossiers
- Advised a consortium of banks on a SAR 8.1 billion Murabaha facility for the Saudi Kayan Petrochemical Company.
- Advising a consortium of lenders on the financing and operation of the Al Dur 2 Independent Water and Power Project in Bahrain.
White & Case
White & Case‘s team acts for an established roster of public sector entities and government entities on project, energy, and real estate finance matters. The group often handles mandates concerning refinancings and restructurings, as well as advising commercial banks and financial institutions on investments and finance cases. Key practitioners to note include Alec Johnson, who is well known for assisting with large-scale project finance matters, and Antoine Cousin, a go-to for power, petrochemicals and water sector companies. Nezar Al Abbas left the firm in early 2026.
Autres avocats clés:
Waad Alkurini; Alec Johnson; Antoine Cousin; Adam Pierson
Les références
‘White & Case have deep knowledge of Saudi Arabia, and this is reflected in the quality of their advice and understanding of the local market.’
‘Alec Johnson is a stand out partner in an exceptional team. Alec has a great work ethic, delivering at pace and with high energy.’
Al Tamimi & Company
Al Tamimi & Company‘s team has ‘deep expertise across the banking and finance space’. The group is well-versed in handling conventional and Islamic financings, project finance and structured finance cases, and routinely represents clients in the hospitality and real estate sectors in finance matters. Rafiq Jaffer leads the team, and he is ably supported by Ambreen Bidiwala and Aurangzeb Maqsood.
Responsables de la pratique:
Rafiq Jaffer
Autres avocats clés:
Ambreen Bidiwala; Aurangzeb Maqsood
Les références
‘They are very responsive and diligent.’
‘Aurangzeb Maqsood is smart and incredibly responsive.’
‘Rafiq and his team are highly responsive, commercially minded and bring deep expertise across the banking and finance space. In particular, their strength in Islamic finance sets them apart from many other firms.’
Principaux clients
ACWA Power Company
Al Jomaih Energy and Water Company
Marubeni Middle East and Africa Power Limited
Power and Water Utility Company for Jubail and Yanbu (Marafiq) and Miahona Company
Saudi Water Authority
Amaala Sustainable Company for Energy
Ahli United Bank
Tabby Financing Company
Bank Aljazira
Qatar National Bank, KSA Branch
Principaux dossiers
- Advising ACWA Power Company on several projects in Saudi Arabia.
- Advising Bank Aljazira on a US$ 132 million Islamic facility extended to FlyNas for refinancing three A320 aircrafts.