Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 22-01-2012 | Practice Area: | Debt Capital Markets |
| Deal Title: | GACA Sovereign Sukuk | Industry: | Aerospace & Defence |
| Description: |
Allen & Overy, through its association with leading local law firm Abdulaziz AlGasim Law Firm, has advised HSBC Saudi Arabia Limited (HSBC) on the largest ever Sukuk in the Kingdom of Saudi Arabia and the first Saudi sovereign sukuk.
Allen & Overy, through its association with leading local law firm Abdulaziz AlGasim Law Firm, has advised HSBC Saudi Arabia Limited (HSBC) on the largest ever Sukuk in the Kingdom of Saudi Arabia and the first Saudi sovereign sukuk.
The 10 year, SAR15 billion instrument was issued by the General Authority of Civil Aviation (GACA) of Saudi Arabia and fully guaranteed by the Ministry of Finance. The Sukuk will raise funds to finance the King Abdulaziz Airport redevelopment in Jeddah.
The Allen & Overy team was led by Riyadh-based managing partner Julian Johansen, who was supported by senior associate Jonathan Ibraaheem Marshall.
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| Financial Center: | Dubai | Value: | 100.01-500.00 |
| Advised Party: | Lead Manager | Law Firm | Allen & Overy |
| Issuer Jurisdiction | Saudi Arabia | Listing Jurisdiction | UAE |
| Classification: |
Islamic Finance Islamic Finance Bonds and Sukuk Murabaha: |
Lawyer | Julian Johansen |
