Shibeer Ahmed | White & Case LLP International Law Firm, Global Law Practice
Shibeer Ahmed
Shibeer Ahmed

Shibeer Ahmed

Partner, Abu Dhabi, Dubai

T +971 2 611 3439

T +971 4 381 6200

E sahmed@whitecase.com

in LinkedIn profile

“He’s really good, a pleasure to work with… [he] knows what he is doing, identifies the issues and is good at knowing our kind of business.”

Client Quotation, Chambers Global 2014

Overview

Shibeer guides clients through highly complex financings, with a particular focus on project finance and Islamic and conventional banking. He regularly works on projects and financings worth billions of dollars, throughout the Middle East and the rest of the world. Many of these complex arrangements involve Islamic financing.

Shibeer has advised a range of financial institutions, including (conventional and Islamic) commercial banks, ECAs and development finance institutions, on complex multi-sourced project financings and Islamic financings. He also has extensive experience advising on corporate and sovereign Sukuk issues.

Shibeer has worked across a number of different sectors, including energy, chemicals and oil & gas. He has represented companies in the petrochemical, power and infrastructure sectors, as well as the leading regional and international financial institutions.

He is a partner in the Firm's Energy, Infrastructure, Project and Asset Finance Group. Based in the UAE, this practice is dedicated to steering clients through the intricate arrangements of financing enormous infrastructure and energy projects throughout the Middle East.

Bars and Courts

  • Solicitor of the Senior Courts of England and Wales

Education

  • LSF, Chester, College of Law
  • BA, Law and Politics, Keele University

Languages

  • English
  • Punjabi
  • Urdu

Experience

Financing for Zakher Marine International, 2014

Representation of the arranging banks in connection with the multi-tranche US$420 million leveraged Islamic financing for Zakher Marine International.

Financing for Gulf Marine Services W.L.L., 2014

Representation of the arranging banks in connection with the multi-tranche US$360 million (AED1.2 billion) leveraged Islamic financing for Gulf Marine Services W.L.L., the first Islamic syndicated leveraged recap financing in the UAE.

Republic of Indonesia Sukuk program and issuance, 2014

Representation of the Joint Lead Managers on a US$1.5 billion Sukuk issue by the Republic of Indonesia, the first Sukuk of its type issued to fund public infrastructure development projects.

Financing for Emirates Steel Industries, 2014

Representation of the arranging banks on the US$1.3 billion conventional and Islamic refinancing of the Emirates Steel Industries (ESI) project.

Emal Phase II project, 2013

Representation of the arranging banks on the Islamic and conventional financing aspects of the US$5 billion EMAL Phase II project in Abu Dhabi (involving conventional and Islamic commercial banks, COFACE, Hermes and US Ex-Im).

Sadara Chemical Company project financing, 2013

Representation of Saudi Aramco in connection with the US$2 billion (SAR7 billion) Sukuk issue and two Islamic bank facilities relating to the US$20 billion Sadara Chemical Company Project, a joint venture between Saudi Aramco and The Dow Chemical Company in Jubail, Saudi Arabia.

Restructuring for the National District Cooling Company PSJC, 2012

Representation of the the arranging banks on the restructuring of AED2.8 billion of Islamic and conventional facilities for the National District Cooling Company PJSC (Tabreed) (involving the restructuring of Islamic bank and Sukuk facilities).

Sukuk issue by SoQ Sukuk QSC (State of Qatar), 2012

Representation of the State of Qatar (SoQ) on the US$4 billion two-tranche Sukuk issue by SoQ Sukuk A Q.S.C. The largest US dollar-denominated Sukuk issuance to date comprising a US$2 billion tranche of trust certificates due 2018 and a US$2 billion tranche of trust certificates due 2023.

Speaking Engagements

"A closer look at the financing and bankability of mega projects across the META region", 24 November 2014: Middle East, Turkey and Africa (META) Projects conference

Publications

  • chapter on Islamic Project Finance, Globe Law & Business, Islamic Finance: A Practical Guide, Second Edition, 2014
  • chapter on Islamic Project Finance, Global Islamic Finance Report, 2014
  • chapter on “Project Sukuk”, Globe Law & Business, Sukuk and Islamic Capital Markets: A Practical Guide, 2011

Awards & Recognition

Leading Lawyer, Chambers Global 2008–2014

Banking & Finance – United Arab Emirates