Nezar is associate in The Law Office of Megren M. Al-Shaalan, with which White & Case practices in cooperation in Saudi Arabia.
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.
Representation of the financiers including MUFG Bank, Ltd., Natixis, Samba Financial Group and Riyad Bank in respect of an approximately US$571 million financing to Rabigh Three Company in relation to the Rabigh 3 seawater desalination plant.*
Representation of a leading Saudi Arabian bank in relation to the structuring and documentation of a number of first-to-market Shari'ah-compliant trade finance products.*
Representation of a leading Saudi Arabian bank in relation to a number of multi-billion Saudi Riyal Shari'ah-compliant murabaha financings to real estate investment trusts in the Kingdom of Saudi Arabia. *
Representation of a syndicate of international and Saudi banks for the SAR7.2 billion (approximately US$1.9 billion) multi-tranche Shari'ah-compliant (Procurement and wakala structures) and conventional project refinancing of the Rabigh power plant in the Eastern province with Saudi Electricity Company as offtaker.*
Representation of a major Saudi Islamic bank on the restructuring of a sukuk in relation to a property development in the Kingdom of Bahrain.*
Representation of a leading Saudi Arabian bank in relation to a SAR1.25 billion Shari'ah-compliant murabaha financing to a leading Saudi Arabian retail company. *
Representation of two regional banks based in the Kingdom of Bahrain in relation to US$305 million funded and unfunded trade finance facilities provided to a Saudi Arabian entity.*
Representation of financiers including Natixis, Standard Chartered Bank, Crédit Agricole Corporate and Investment Bank, Mitsubishi UFJ Financial Group, Alinma Bank, Al-Rajhi Bank, Samba Financial Group, Banque Saudi Fransi, The National Commercial Bank, Arab National Bank and The Saudi British Bank on a US$1.8 billion multi tranche conventional and Islamic refinancing (wakala-Ijara and procurement facilities) of Rabigh Electricity Company's (RABEC) 1.2GW power plant.*
*Includes experience gained prior to joining White & Case.