Ibrahim Soumrany

Associate, Dubai

Biography

Overview

Ibrahim Soumrany is an associate in the Firm's Capital Markets group in Dubai. Ibrahim is a member of the EMEA Capital Markets team, and has previously spent 3 years in the London office. Ibrahim's capital markets experience includes advising public and private issuers and investment banks on a broad range of capital markets transactions including equity offerings (IPOs and secondary offerings) and debt offerings (conventional and Islamic) and ongoing reporting obligations. Ibrahim has extensive experience advising on transactions across a number of jurisdictions in the Middle East, the US and Europe. Ibrahim also advises depositary banks on the establishment of ADR programs and other depositary receipt matters.

Prior to joining White & Case, Ibrahim worked in the New York and Riyadh offices of a leading U.S law firm, where he advised international financial institutions and companies on capital markets, M&A and leveraged finance transactions, including IPOs, high yield debt offerings, Rule 144A/Regulation S offerings and acquisition financings.

Ibrahim was a J. William Fulbright Scholar in Washington, DC for the year 2010-2011.

Bars and Courts
New York State Bar
Beirut Bar
Education
LLM in Securities & Financial Regulation
Georgetown University Law Center
Post-Graduate Degree (DEA) in Banking and Financial Law
Université Saint-Joseph de Beyrouth
Lebanon
LLB
Université Saint-Joseph de Beyrouth
Lebanon
Languages
Arabic
French
English

Experience

Recent transactions include advising:

Fawaz Alhokair Group's Arabian Centres Company (ACC), the owner, developer and operator of shopping centres, on its follow-on Reg S/Rule 144A US$225 million Sukuk tap issuance.

Saudi Arabian Oil Company (Saudi Aramco) on the establishment of its Trust Certificate Issuance Programme and inaugural Reg S/Rule 144A US$6 billion triple tranche Sukuk issuance thereunder. The offering, which has attracted more than US$60 billion in orders represented the largest Sukuk offering undertaken by a corporate.

Saudi Arabian Oil Company (Saudi Aramco) on the update to its Rule 144A/Regulation S Global Medium Term Note Programme and the issuance of US$8 billion of notes thereunder

Goldman Sachs, J.P. Morgan, GIB Capital and NCB Capital Company as bookrunners and underwriters, in relation to the US$585 million global Reg S IPO of Bindawood Holding Company on the Saudi Stock Exchange

Saudi Arabian Oil Company (Saudi Aramco) on its US$25.6 billion IPO — the world's largest IPO to date

Deutsche Bank as depositary on numerous ADR issuances in connection with U.S. offerings

The underwriters led by Barclays, J.P. Morgan and Goldman Sachs on the £306 million (approximately US$400 million) IPO of Finablr PLC on the London Stock Exchange

Saudi Arabian Oil Company (Saudi Aramco) on its US$69.1 billion acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF). The transaction was named "M&A Deal of the Year (Over US$50 billion)" by the M&A Advisor (2020).

RBC Capital Markets, Credit Suisse, Barclays, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, Morgan Stanley and Goldman Sachs &Co. LLC in connection with a US$1.15 billion senior unsecured bridge facility and related US$1.15 billion senior notes offering by Olympus Merger Sub, Inc. used to finance the acquisition of West Corporation by Apollo and related notes tender offer*

Jefferies in connection with a US$375 million senior secured senior notes offering by Canyon Resource Holdings, LLC and Canyon Finance Corp. LLC*

A leading US investment bank in connection with a US$750 million secured royalty backed structured notes offering by a large US retail company*

American Airlines in its US$500 million senior notes Offering*

Several banks in connection with senior unsecured bridge facilities and related senior notes offerings in relation to several acquisition financings*

BCP Partners and the Canada Pension Plan Investment Board on the IPO of Altice on the NYSE*

The Capital Market Authority (CMA) in Saudi Arabia in relation to the redrafting of the public Merger & Acquisition Regulations and the drafting of a number of implementing regulations relating to the New Companies Law*

Middle East Healthcare Company in relation to its US$480 million IPO on the Saudi Stock Exchange (Tadawul)*

Al-Yamamah Steel Industries Company in relation to its US$146 million IPO on the Saudi Stock Exchange (Tadawul)*

The Saudi Arabian Mining Company (Ma'aden) on its US$1.5 billion capital increase by way of rights issue*

The National Commercial Bank (NCB) on its US$6 billion initial public offering (IPO) and listing on the Saudi Stock Exchange (Tadawul)— the largest equity offering in Saudi Arabia, and the second largest IPO globally in 2014*

*Matters worked on prior to joining White & Case.