Ibrahim Bakhurji

Local Partner, Riyadh

Biography

Overview

Ibrahim Bakhurji is a local partner in the Project Development and Finance group, based in Riyadh with The Law Office of Megren M. Al-Shaalan, with which White & Case practices in cooperation in Saudi Arabia. 

Ibrahim's practice focuses on advising sponsors, developers, banks and other financial institutions on the development and financing of large-scale infrastructure and energy projects in the utilities, renewables, oil & gas and petrochemicals sectors. Ibrahim has advised on numerous market-leading projects across the Middle East. His experience includes advising on banking and financial restructuring matters, including Shariah-compliant financing structures, as well as acquisitions, disposals, reorganizations, privatizations and corporate restructurings. 

Prior to relocating to Riyadh, Ibrahim was based in London and Abu Dhabi.

Bars and Courts
England and Wales
Education
LLB (Hons)
Leicester University
LPC
Nottingham Law School
Languages
Arabic
English

Experience

Representation of a syndicate of Saudi Arabian and international lenders in the restructuring of approximately SAR 7.5 billion (US$2 billion) of indebtedness of a Saudi Arabian steel company—the largest non-sovereign debt restructuring in the Kingdom of Saudi Arabia to date.*

Representation of prospective project lenders in respect of the Qurayyah IPP project bid in the Kingdom of Saudi Arabia.*

Representation of the project lenders in relation to the US$205 million debt financing, achieved on a Shari’ah-compliant basis, of an airport terminal project in the Kingdom of Saudi Arabia.*

Representation of a Saudi mobile telecoms licensee in relation to a SAR 1.2 billion Islamic Murabaha facility.*

Representation of the banks and US Ex-Im in relation to the US$2 billion project financing for Dhuruma Electricity Company in connection with Saudi Electricity Company’s 1,730-MW gas-fired independent power project (IPP) Riyadh PP-11.*

Representation of the Dow Chemical Company on the financing and development of the US$20 billion Sadara Petrochemicals project in Saudi Arabia. The financing involved local banks and seven ECAs including K-EXIM, K-sure, Hermes, Coface, US Ex-Im, ECGD and FIEM.*

Representation of the lenders on the development and financing of the Al Dur Phase II IWPP in Bahrain.*

Representation of Masdar and Bee’ah on the development and financing of the pioneering Sharjah Waste-to-Energy Project in Sharjah, UAE.*

Representation of the lenders on the development and financing of the US$870 million, 1.17 GW Sweihan Solar PV IPP near Sweihan in Abu Dhabi. This will be the largest solar PV project in the world.*

Representation of the lenders (including IFC, EBRD, OPEC Fund for International Development, ICBC, CCB and Europe Arab Bank) on the development and financing of the 485 MW Zarqa combined-cycle gas turbine Power Project in Jordan.*

Representation of the lenders on the development of the Salalah IWP desalination plant in Oman.*

Representation of the syndicate of banks and joint bookrunners in connection with Emirates Sembcorp Water & Power Company’s offering of US$400 million 4.450% senior secured bonds due 2035.*

Representation of the initial purchasers on the US$814 million bond offering by ACWA Power Management and Investments One Limited.*

Representation of the lenders to the ACWA Power and Mitsui & Co. consortium developing the Ibri and Sohar 3 IPPs in Oman.*

Representation of the Project Sponsors of Dolphin Energy Limited (DEL) in relation to the US$863 million financing of incremental debt relating to DEL’s existing project financing of its gas pipeline.*

Representation of the lenders to the ACWA Power and Mitsui & Co. consortium developing the Salalah 2 IPP in Oman.*

Representation of the lenders to the Oman Oil Company and LG International consortium for the Musandam IPP in Oman.*

Representation of a prospective project lenders in respect of the Qurrayat IWP project bid in the Sultanate of Oman.*

*includes experience from previous firm.