Latham & Watkins advised the Finance Parties in relation to a facility for Saudi Electricity Company, relating to the financing of a new oil-fired 2,800MW power plant in Rabigh, the Kingdom of Saudi Arabia. The transaction was valued at USD 1,400,000,000.

Clifford Chance is advising a Consortium comprising Mannai Corporation QSC and EFG Hermes on its US$445 million recommended cash bid for Damas International Limited, the leading Middle East jewellery and watch retailer.

A team of lawyers from K&L Gates LLP’s Dubai office recently advised Deloitte Corporate Finance and Daniel Stewart & Company plc as nominated adviser and broker, respectively, on the London IPO of Qannas Investments Limited (QIL), a closed ended investment company managed by the UAE-based Abu Dhabi Capital Management Ltd.

The Dubai office of global law firm K&L Gates LLP welcomes Andrew Johnston as a partner in its corporate practice. He joins the firm from Clifford Chance LLP.

Clifford Chance’s Dubai practice has advised on five sukuk transactions amounting to US$5 billion in new issuances in the United Arab Emirates and the Kingdom of Saudi Arabia.

Gibson, Dunn & Crutcher LLP is pleased to announce Hardeep Plahe is joining its Dubai office as a partner.  Plahe, having practiced with Linklaters in Dubai, will continue his corporate practice in the Middle East, advising on mergers and acquisitions, capital markets and financial regulation issues.

The global law firm Jones Day has announced that it has continued the expansion of its Dubai Office with the hire of leading regional real estate and project development lawyer Duane Keighran.

Al-Jadaan & Partners Law Firm, in conjunction with the Dubai office of Clifford Chance LLP, have advised the Saudi Arabian General Authority of Civil Aviation (“GACA”) in relation to the issuance in the Kingdom of Saudi Arabia of a SAR15 billion (approximately US$4 billion) sukuk due 2022 (the “Sukuk”).

International legal practice Norton Rose Group has advised Sinopec Kantons Holdings Limited on the acquisition of a majority stake in Fujairah Oil Terminal FZC (FOT).

Bennett Jones is pleased to announce that Osama Hassan has joined the firm in the Middle East as a partner in our Dubai office.