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Counsel in Khoshaim & Associates (in cooperation with Allen & Overy) Banking & Finance practice. I specialise in banking and finance and related areas and have extensive experience acting for lenders and borrowers on finance transactions including on an Islamic basis. I qualified and practiced in London for a number of years before being based in Riyadh since September 2010.
A list of a few of the key transactions I have advised on so far at Zeyad S. Khoshaim Law Firm include advising: - Standard Chartered Bank as equity bridge loan provider of a USD facility for a solar power project in Morocco (guaranteed by an international developer, owner and operator of independent water and power projects) - The Saudi British Bank as mandated lead arranger and murabaha facility participant on a SAR 750,000,000 murabaha facility bridge financing for Ma’aden Barrick Copper Company in relation to the Jabal Sayid copper mine in Saudi Arabia, guaranteed by Saudi Arabian Mining Company (Ma’aden) and Barrick Gold Corporation - Banque Saudi Fransi, The National Commercial Bank, Riyad Bank, Samba Financial Group and The Saudi British Bank as murabaha facility participants on a SAR 3 billion murabaha facility agreement and First Gulf Bank, HSBC Bank Middle East and National Bank of Abu Dhabi as murabaha facility participants on a USD 150 million murabaha facility agreement each for Arab Petroleum Investments Corporation (APICORP) - Riyad Bank and The Saudi British Bank as mandated lead arrangers and murabaha facility participants on a SAR 1,200,000,000 murabaha facility agreement for National Industrialization Company (Tasnee) for its general corporate purposes and partially financing the acquisition of additional shares in The National Titanium Dioxide Company (Cristal)
As announced in 2013, after more than a decade long collaboration with Al-Jadaan & Partners Law Firm, Clifford Chance received approval from the Saudi Ministry of Commerce and Industry to set up the first mixed Saudi and foreign lawyer partnership in Saudi Arabia. This move has seen the full integration of the existing Corporate, Finance and Capital Markets practices from Al-Jadaan into Clifford Chance with effect from 1 January 2014.
Seconded from Clifford Chance LLP to Al-Jadaan & Partners Law Firm (Banking & Finance practice) A list of a few of the recent key transactions I advised on so far at Al-Jadaan. Advised: -lenders on a SAR1bn long term financing for National Petrochemical Industrial Company (J.S.C.) in connection with a 400,000 t.p.a. polypropylene plant located in Yanbu, Saudi Arabia -lenders re ABV Rock Groups SAR3bn financing for the construction, furnishing & development of the Ministry of Interior's security forces' medical city in Riyadh, Saudi Arabia -sponsors/project company re SAR1.8bn financing for building and operating a 3,000 tons/year high purity solar grade polysilicon plant in Jubail Industrial City, Saudi Arabia -lenders re Islamic commercial financing (SAR 1,980.75m) for the development of Sahara & Maaden Petrochemicals Company (SAMAPCO)s Ethylene Dichloride and Caustic Soda petrochemical project located in Jubail Industrial City, Saudi Arabia -the minority shareholders in relation to the Al-Ittefaq Steel Products Co. refinancing of about 7.5 billion Saudi riyals of debt -a Saudi corporate re SAR2.6bn bai-al ajal facility agreement -a Saudi corporate re SAR2.5bn commodities murabaha facility -Deutsche Bank/Bank Audi re $400m cross-border leveraged financing for buy-out of a major regional insurance company, Medgulf -Natixis re financing of two Embraer 190LR aircraft to NAS Air -BNP Paribas re a rescheduling of facilities for a Saudi fuel company/gas station service provider -lenders re financing for Almabani General Contractors Company re upgrade of existing facilities at King Abdulaziz International Airport, Jeddah -Advanced Petrochemical Company re refinancing of existing facilities -lenders re financing for Saudi Binladin Group re King Saud Bin Abdulaziz University for Health and Sciences -lenders re financing for Saudi Binladin Group re expansion of Prophet's Mosque project
Banking/Leveraged Finance A list of a few of the key transactions I advised on whilst at Skadden. Advised: -one of the largest vertically-integrated steel, mining & vanadium businesses re financial covenant reset & other amendments, capital raising & re-financing of credit facilities -Egyptian General Petroleum Corporation on a $2bn oil & naphtha-linked financing -Doughty Hanson re financing of its acquisition of TMF group -Tiscali SpA re EUR600m financing from Intesa Sanpaolo/JPMorgan for purposes of refinancing financial debt of Tiscali Group & to fund acquisition by Tiscali UK of broadband & voice division of Pipex Communication -Eco-Bat Technologies (world's largest producer of lead) re refinancing of existing inventory based financing -Christofferson, Robb & Company re credit facilities for SkyePharma (specialist drug delivery company developing oral & inhalation products) serviced by royalty receivables -Ashtead Group (leading provider of rental equipment) re refinancing of existing asset based financing
Qualified Sep 2003: Banking - Global Loans Secondment to JPMorgan Chase Bank, N.A. (May 2005 - Nov 2005): Debt Capital Markets A list of a few of the key transactions I advised on whilst at Allen & Overy. Advised: -Merrill Lynch re financing to Tussauds Group for acquisition of the London Eye -Virgin Mobile re financing as part of a group reorganisation and in preparation for its IPO -lenders re a refinancing of the Telereal Securitisation (securitisation of UK telephone exchanges) -Citigroup re 1.5bn revolving credit facility for a Dutch cable company -Barclays Capital re a refinancing of a 500m multicurrency revolving facility for a leading supplier of heavy building materials -Barclays Bank plc on various liquidity facilities in connection with a number of securitisation transactions -Ocado Ltd (an internet grocery company) on a secured 20m term loan facility
Training Contract (Sep 2001 - Sep 2003): Securitisation, Corporate, Banking, Tax and Litigation (Corporate)
Paralegal (Jan 2001 - Jul 2001): Corporate
Karim Wali is now on Crowdfunder.