UAE-base Rafiq Jaffer leads Al Tamimi & Company‘s banking and finance department in Bahrain, overseeing the team’s diverse portfolio, which includes project financing, refinancing, debt restructuring, as well as transaction diligence both domestically and internationally. The team is well versed in advising on the commercial and regulatory aspects of banking facilities in Bahrain and handles some of the most high-value Islamic finance matters in the market, including facilitation of syndicated loans and restructuring of Islamic finance companies. Natalia Kumar is a key contact for finance matters, including transactions, syndicated loans, and project financing. She is well-supported by Gargi Agarwal , who operates across a range of finance and banking matters, including regulatory advice.
Banking and finance (including Islamic finance) in Bahrain
Al Tamimi & Company
Praxisleiter:
Rafiq Jaffer
Weitere Kernanwälte:
Natalia Kumar; Gargi Agarwal
Kernmandanten
Citibank N.A.
GFH Financial Group B.S.C.
Bank of Bahrain and Kuwait B.S.C.
Gulf International Bank B.S.C.
Arab Banking Corporation B.S.C. (C)
Mashreqbank psc
HSBC Bank Middle East Limited
Ahli United Bank B.S.C (C)
Bahrain Development Bank B.S.C (C)
HDFC Bank Ltd.
Emirates NBD Bank PJSC
First Abu Dhabi Bank PJSC
Korea Development Bank
Federal Bank Ltd.
Deutsche Bank AG
LGT Bank AG
Singapore Gulf Bank B.S.C. (C)
The Housing Bank for Trade and Finance -Jordan
Credit Agricole Corporate & Investment Bank
United Gulf Bank B.S.C. (C)
BitOasis Bahrain W.L.L.
Islamic Corporation for the Development of the Private Sector
Highlight-Mandate
- Acted as Riyad Bank, Arab Petroleum Investments Corporation, Banque Saudi Fransi, Standard CharteredBank and Kreditanstalt für Wiederaufbau Bank (lenders) local counsel in relation to the refinancing of the senior and mezzanine debt under the financing documents and the transitioning of the reference rate from LIBOR to SOFR under the financing documents.
- Advised Citigroup Global Markets Limited; Emirates NBD Bank PJSC; GIB Capital (A Single ShareholderCompany); J.P. Morgan Securities plc; and Standard Chartered Bank (the Joint Lead Managers) in relation to matters pertaining to the laws of Bahrain in connection with issue of Gulf International Bank B.S.C.’s $2,5bn Euro Medium Term Note (EMTN) Programme.
Baker & McKenzie Limited
Baker & McKenzie Limited is noted for proficiency across the full spectrum of finance-related matters, including real estate and construction financing for major local and international clients in various jurisdictions. Practice head Ian Siddell holds extensive experience in Islamic finance-related matters and major and complex project financing mandates. He is ably assisted by the finance expertise of Fatima Alhasan, whose experience extends to both Islamic and financial banking, along with financial restructuring matters. Delwar Hossain specialises in Islamic finance, and is particularly active in project finance matters requiring expertise in Saudi Arabian law. In addition, Soheir Elbanna and Victoria Long are both highly active members of the team.
Praxisleiter:
Ian Siddell
Weitere Kernanwälte:
Fatima Alhasan; Delwar Hossain; Soheir Elbanna; Victoria Long
Referenzen
‘The Islamic finance team works efficiently together and is under good leadership.’
‘The team is known for their banking and finance practice in the region.’
‘As a Bahraini national, Partner Fatima Alhassan is uniquely positioned to deal with the specificities and nuances of the local laws and local culture when advising on international transactions.’
Kernmandanten
The Oil and Gas Holding Company B.S.C. (c) (nogaholding)
Bahrain National Gas Company (B.S.C.)
ABC Islamic Bank (E.C.)
Gulf International Bank B.S.C
Al Rajhi Banking and Investment Corporation
Aluminium Bahrain B.S.C (Alba)
Bahrain Islamic Bank B.S.C
Arab Bank plc
Ahli United Bank B.S.C
The Saudi National Commercial Bank (Bahrain)
Highlight-Mandate
- Advised Gulf International Bank B.S.C on a fully underwritten $240m syndicated loan facility made available to Noon AD Holdings Ltd and Noon Investment Company CJSC for the acquisition of all the issued share capital of Namshi Holdings Limited from Emaar.
- Advised Gulf Aluminium Rolling Mill (GARMCO), a Bahrain-based aluminum facility, on its debt restructuring to creditors under the reorganisation plan approved by Kingdom of Bahrain Courts.
- Advised several banks on BBK’s successful closure of a $250m 2-year club loan facility which will be used for general funding purposes.
Trowers & Hamlins LLP
Trowers & Hamlins LLP is a leading adviser on conventional and Islamic finance, with particular strength in Shariah-compliant capital markets, structured finance, and debt restructuring, regularly representing major financial institutions. Jeremy Ingham leads the practice. Bilal Kahlon and Salman Ahmed leverage extensive market experience to act on a range of domestic and cross-border transactions. Abdullah Rauf Puri and Debopam Dutta also come recommended.
Praxisleiter:
Jeremy Ingham
Weitere Kernanwälte:
Bilal Kahlon; Salman Ahmed; Abdullah Rauf Puri; Debopam Dutta
Referenzen
‘Strong knowledge in banking and Islamic finance (theory and practice). Strong Islamic product structuring skills catering for the business needs in coordination with the in-house legal and sharia controllers. A diverse team with excellent cross-border coordination and allocation of the tasks among the team members.’
‘The individuals are holistic in their approach, business oriented, flexible and have excellent communication skills among different teams within the firm and with us as their client.’
‘The team provides timely and accurate advice that meets our commercial needs. The team has a clear and in-depth understanding of our banking practice and our business requirements. Moreover, the team is very responsive, provides accurate timeframe which enables us to manage expectations internally, and is always a pleasure to work with.’
Kernmandanten
Al Salam Bank B.S.C.
Al Kifah Holding Company
Al Waha Venture Capital Fund of Funds 1
National Bank of Bahrain
Naseej B.S.C. (c)
Sayacorp
Gulf International Bank B.S.C.
The Arab Investment Company S.A.A.
State Bank of India
Bahrain Development Bank
Investrade
Gulf International Bank
GFH Financial Group
Standard Chartered Bank
BBK
SICO
Al Baraka Islamic Bank
Bank ABC
Bahrain Steel
ASMA Capital Partners
Central Bank of Bahrain
Ahli United Bank
ICICI Bank
Highlight-Mandate
- Advised Ahli United Bank B.S.C. on its proposed conversion from a conventional bank to an Islamic bank.
- Advised Bahrain Steel B.S.C. (c) E.C. in relation to a USD 450,000,000 sustainability linked term facility and working capital facility (based on Islamic and conventional structures) extended by a syndicated of banks including Bank ABC and Mashreq.
- Advised KHCB Tier 1 Sukuk Limited (KHCB) and the Certificate holders, on the redemption of the outstanding USD159,151,000 Additional Tier 1 Capital Certificates which constituted Additional Tier 1 Capital of Khaleeji Bank.
ASAR – Al Ruwayeh & Partners
ASAR – Al Ruwayeh & Partners‘s banking and finance department is recommended for its broad financial expertise, facilitating conventional and Islamic transactions, refinancing, and restructuring. Newly joined Simone Del Nevo heads the team, and is frequently retained in matters involving high-stakes transactions, including complex syndicated loans and conventional facilities. Rahul Sud advises across a range of domestic and cross-border loans, restructurings and bankruptcies. Steven Brown departed the team in March 2024.
Praxisleiter:
Simone Del Nevo
Weitere Kernanwälte:
Rahul Sud
Referenzen
‘Simone Del Nevo is a solid force in the capital markets legal space.’
‘Simone Del Nevo always tries to deliver in a detailed and efficient manner, constantly trying to push new ideas and structures.’
‘Very responsive and knowledgeable about their market and the aspects of the law that are pertinent to any particular transaction.’
Highlight-Mandate
- Acted as lead counsel on a $664m syndicated loan for Eskan Bank, structuring innovative USD and BHD Shariah-compliant murabaha facilities.
- Advised on $450m financing for Bahrain Steel B.S.C. E.C. (BSC), including structuring conventional and Shariah-compliant facilities, as well as overcoming security registration challenges.
- Advised GULF INTERNATIONAL BANK B.S.C. on a $1.5bn dual-tranche sustainability-linked loan to the Government of Bahrain.
DLA Piper Middle East LLP
DLA Piper Middle East LLP‘s banking and finance division holds broad expertise in transactional matters and is recommended for advisory work in the financial sector. The team is experienced in matters involving the facilitation and financing of large-scale projects, being frequently retained by government ministries, along with structuring and due-diligence-related work for loan and stake transactions. The team is headed by Mohamed Toorani, who is active in local and foreign jurisdictions, particularly in the Gulf, and is well supported by co-heads Paul McViety and James Iremonger from Dubai.
Praxisleiter:
Mohamed Toorani; James Iremonger; Paul McViety
Weitere Kernanwälte:
Peter Somekh
Kernmandanten
Binance
Riverstone Credit Management LLC
Mashreq Bank PSC
Ali Zaid Al Quraishi & Brothers
Arab Bank
Highlight-Mandate
- Advised the Bahraini Ministry for Transport and Telecommunications on the procurement of a 109km above ground metro line PPP project.
- Advised and assisted Binance Holdings Ltd to be a crypto-asset service provider in the Kingdom of Bahrain.