Sam Manful

Associate, Dubai

Biography

Overview

Sam Manful is an associate in our Debt Finance practice, based in our Dubai office. Sam has completed a secondment with the restructuring team of the Dubai office of a global financial institution and has experience representing sovereigns, financial institutions, sponsors, and corporate borrowers in a wide range of finance transactions, including acquisition finance, refinancings, and general bank lending in relation to both conventional and Sharia-compliant transactions.

Prior to joining White & Case, Sam trained at a Magic Circle firm and worked in the London office of an International law firm.

Bars and Courts
Dubai, Foreign Legal Consultant
England and Wales
Education
LLB
Law
University of Warwick
Languages
English
Twi (Ghanaian)

Experience

Representation of The Government of the Sultanate of Oman in connection with the separated ECA (UKEF) dual tranche and commercial financings for the US$873.7million design, construction and development of three hospitals in Oman in Salalah, Suwaiq and Khasab.

Representation of The Government of Kenya through the National Treasury in connection with the US$250 million refinancing of a loan from the Eastern and Southern African Trade Development Bank.

Representation of Arabian Centres Company (ACC), Saudi Arabia's leading shopping mall owner, developer and operator, on its dual currency US$1.9 billion refinancing package. The refinancing consists of a senior unsecured US$500 million debut Reg S/144A five-year Sukuk issuance, alongside a senior secured dual (USD and SAR) currency US$1.2 billion (equivalent) Ijara and Murabaha term facilities and senior secured dual (USD and SAR) currency US$200 million (equivalent) revolving Murabaha facility.

Representation of Fawaz Abdulaziz Al Hokair Co., a leading diversified fashion, beauty, and food retailer in Saudi Arabia with international operations across 13 countries and long term relationships with more than 80 leading international retail brands, on its dual-currency US$800 million refinancing package. The refinancing consists of a senior secured dual-currency (USD and SAR) US$650 million (equivalent) Murabaha term facility and a senior secured dual-currency (USD and SAR) US$150 million (equivalent) revolving Murabaha facility.

Representation of SACE and the Finance Parties in connection with a SACE supported USD term facility for the Government of Sharjah, acting through the Sharjah Finance Department.

Representation of the heirs of Abdul Latif Ibrahim Galadari in connection with the acquisition finance facility for the 58.5% stake in Galadari Brothers Co LLC, a diversified business conglomerate with operations spread across multiple business verticals. The AED1.675bn 3-month Bridge Loan with a take-out under a 10-year term and 5-Year bank guaranteed deferred payment facility was one of the largest acquisition finance transactions in the region (Local Currency Deal of the Year 2018, Bond, Loans & Sukuk Middle East).

Representation of a leading regional cable and wire manufacturer in connection with: (i) the standstill arrangements relating to; and (ii) the restructuring of, its existing SAR 307 million Islamic term and working capital facility agreements.

Representation of HSBC and SACE in connection with an ECA backed financing to Sharjah Electricity and Water Authority.

Representation of Standard Chartered Bank in connection with a US$200 million financing to United Energy Group; a Hong Kong based upstream oil & gas group with investments across Pakistan.

Representation of Standard Chartered Bank as lead arranger in connection with a US$95 million senior secured borrowing base facility provided to Bow Energy Resources Pakistan Limited.

Representation of Nomura as arranger and lender in connection with a US$100 million conventional and US$100 million Sharia-compliant syndicated facilities to a large regional corporate.

Representation of Abu Dhabi Investment Bank P.J.S.C in connection with their US$100 million Islamic facilities for Mobile Telecommunications Company K.S.C.P.

Representation of Abu Dhabi Commercial Bank and First Abu Dhabi Bank PJSC in connection with their AED530 million financing to Gulf Capital Pvt JSC.

Representation of a large regional real estate developer with respect to its Sharia-compliant senior and mezzanine facilities.

Representation of a large regional corporate in connection with two AED574 million term facility agreements.