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 restructuring 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 Qatar-based Lesha Bank on its US$135 million acquisition of Kazakhstan's Bereke Bank from Kazakh sovereign wealth fund Baiterek National Management Holding, marking the first Qatari investment in Central Asia's financial sector.
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."
