Baker and McKenzie act for Saudi Binladin Group on SR1bn sukuk
- Saudi Arabia: Monday, September 17 - 2012 at 13:57
- PRESS RELEASE
Baker & McKenzie recently acted for the Saudi Binladin Group in relation to a SR1,000,000,000 short term sukuk al murabaha issued by SBG Sukuk Limited as an exempt offering in the Kingdom of Saudi Arabia.
Bilal Kahlon was supported by Partner Dr. Nasser Al Faraj and Associates Mohamed Hassan and Nezar Al Abbas.
HSBC Saudi Arabia was appointed as sole Lead Manager in relation to the transaction and was represented by Clifford Chance. Walkers acted as legal adviser to SBG Sukuk Limited in relation to the laws of the British Virgin Islands.
Founded in 1949, Baker & McKenzie advises many of the world's most dynamic and successful business organizations through more than 4,000 locally qualified lawyers and over 5,800 professional staff in 71 offices in 44 countries. Baker & McKenzie is known for having a deep understanding of the language and culture of business, an uncompromising commitment to excellence, and world-class fluency in its client service.
Baker & McKenzie's global revenues for the fiscal year ended June 30, 2012, were $2.313bn. Eduardo Leite is Chairman of the Firm's Executive Committee.
Baker & McKenzie Limited - Bahrain is a member of Baker & McKenzie International, a Swiss Verein with member law firms around the world. In accordance with the common terminology used in professional service organizations, reference to a "partner" means a person who is a partner, or equivalent, in such a law firm. Similarly, reference to an "office" means an office of any such law firm.
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