Chadbourne & Parke represented the winning consortium, comprising ACWA Power International, Samsung C+T Corporation and MENA Infrastructure Fund, in relation to the development and US$ 2 billion debt financing of the Qurayyah independent power project in Saudi Arabia.

Gibson, Dunn & Crutcher LLP is pleased to announce that disputes partner Peter Gray has joined firm’s Dubai office.  Previously at Dewey & LeBoeuf, Gray will continue to focus on English and international litigation and international arbitration.

Dechert LLP announced today that it will add a leading emerging markets team to its corporate and securities practice. Led by Camille Abousleiman, who will be Head of the firm’s Middle East and Africa practice, the team also includes partners Louise Roman Bernstein, Chris P. Sioufi, Gavin B. Watson and Nicola Mariani. In connection with the team joining, Dechert will open an office in Dubai, in addition to bolstering its existing US and UK capital markets practice groups.

Latham & Watkins advised the Managers in relation to an Ijara sukuk issuance by Saudi Electricity Global SUKUK Company (a wholly-owned SPV of Saudi Electricity Company). The sukuk was issued in two tranches, for the amount of $500 million due 2017 and $1.25 billion due 2022 respectively.

Latham & Watkins advised the Finance Parties in relation to a facility for Saudi Electricity Company, relating to the financing of a new oil-fired 2,800MW power plant in Rabigh, the Kingdom of Saudi Arabia. The transaction was valued at USD 1,400,000,000.

Clifford Chance is advising a Consortium comprising Mannai Corporation QSC and EFG Hermes on its US$445 million recommended cash bid for Damas International Limited, the leading Middle East jewellery and watch retailer.

A team of lawyers from K&L Gates LLP’s Dubai office recently advised Deloitte Corporate Finance and Daniel Stewart & Company plc as nominated adviser and broker, respectively, on the London IPO of Qannas Investments Limited (QIL), a closed ended investment company managed by the UAE-based Abu Dhabi Capital Management Ltd.

The Dubai office of global law firm K&L Gates LLP welcomes Andrew Johnston as a partner in its corporate practice. He joins the firm from Clifford Chance LLP.

Clifford Chance’s Dubai practice has advised on five sukuk transactions amounting to US$5 billion in new issuances in the United Arab Emirates and the Kingdom of Saudi Arabia.