Nezar Al-Abbas

Associate, Riyadh

Biography

Overview

Nezar is an associate in the Law Office of Megren M. Al-Shaalan. Nezar's advises lenders and borrowers in relation to various forms of Islamic and conventional financing, with a particular focus on corporate, trade, fund and project finance.

Bars and Courts
New York State Bar
Education
LLM
University of Bristol
LLB
University of Bristol
Languages
Arabic
English

Experience

Al Borj International for Operation and Maintenance Company in relation to the restructuring of real estate assets in Makkah, Saudi Arabia. This is in connection with providing legal advice in relation to the potential transfer of Abraj Albait assets to Binladin International Holding Group Company (BIHG).

ADES International Holding Ltd. in relation to the refinancing of their existing facility.

Dar Al-Handasah Consultants Shair and Partners Holding Ltd in relation to a USD75 million bilateral RCF facility.

Representation of Finance Parties in respect of a US$15 billion equivalent multicurrency revolving credit facility for the Saudi United Investment Company (a portfolio company of the Public Investment Fund) of the Kingdom of Saudi Arabia.

a syndicate of banks with resepct to the refinancing of various loans to Dhuruma Electricity Company relating to the PP11 Gas Fired Power Plant - having acted for the lenders on the original financing.

the project company in connection with the financing of a greenfield facility powered by renewable energy for production and export of green hydrogen to global markets, capable of producing 650 tons per day of carbon-free hydrogen in the form of ammonia, to be located in the NEOM region in the north western region of the Kingdom of Saudi Arabia on the Red Sea.

Muvi Cinemas Company (part of Al Hokair Group) in the Kingdom of Saudi Arabia in relation to a potential bank financing.

Bank of America in relation to a US $150m conventional facility to National Commercial Bank.

DP World Middle East Limited (DPW Jeddah) as borrower under a project finance facility for a port infrastructure being developed in Jeddah.

The Saudi Arabian Mining Company (Ma’aden) in connection with the restructuring of its subsidiary, Ma’aden Rolling Company (MRC). The transaction was recognised as “MENA Refinancing Deal of the Year” by IJ Global 2019.

Metro Jeddah Company in relation to procurer role for the two transport PPPs in Jeddah – the Corniche Tram and the Water Taxi and Ferries projects.

The Red Sea Development Company and The Red Sea Real Estate Company I in relation to the SAR 14.12 billion (US$3.76 billion) financing for Phase One of the Red Sea Project in Saudi Arabia.

Saudi Aramco with the development of residential compounds and ancillary facilities to be located at various points along the East-West pipeline in the Kingdom of Saudi Arabia.