Global law firm White & Case LLP won four "Deal of the Year" awards at the 2025 IFLR Middle East Awards. The winning deals, which include a number of firsts, are:
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Debt and Equity-linked Deal of the Year
White & Case advised Citigroup Global Markets on the US$100 million issuance of blue notes by supply chain group DP World, understood to be the region's first blue bond.
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Project Finance Deal of the Year
White & Case advised Saudi Aramco on the US$10.6 billion project development and financing of the Amiral petrochemical complex, a major expansion of Saudi Arabia's existing SATORP refinery.
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Restructuring Deal of the Year
White & Case advised Merrill Lynch on the restructuring of polyester manufacturer JBF RAK's portfolio of conventional and Islamic loans, which involved a novel approach to restructuring the Islamic loans in a Sharia-compliant manner.
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Impact Deal of the Year
White & Case advised Goldman Sachs International as senior lender on the US$136 million English law-governed forward-flow securitization of Sharia-compliant funding facilities provided by UAE-based digital SME lending platform Beehive P2P Limited, which provides regional SMEs with access to global investment.
Abdulwahid Alulama, partner and the Firm's co-head of the Middle East, said: "We are delighted to have four of our matters recognized as 'Deals of the Year' in this year's IFLR Middle East Awards. At a time when the Middle East is experiencing tremendous growth and economic diversification, our team continues to guide clients through some of the region's most complex, high-profile matters, helping them achieve their goals and create a lasting impact on the business landscape."
