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Shibeer Ahmed focuses his practice on Banking, Islamic Finance and Project Finance/PPPs. He regularly works on major projects and financings in the UAE, Saudi Arabia and the wider Middle East region. He is recognized as a leading banking, Islamic finance and project finance practitioner by various industry publications, including Chambers Global, Legal 500, IFLR1000, and Who’s Who Legal.

Capabilities

Experience

  • Currently representing a Saudi Group on a major PPP project relating to marine oil and hazardous substance spillages.
  • Currently representing the National Centre for Privatization & PPP of Saudi Arabia on eight PPP Projects.
  • Currently representing the Abu Dhabi Department of Finance on a confidential EUR900 million financing.
  • Representation of Abu Dhabi Islamic Bank on five real estate development financings.°
  • Representation of Gulf Petrochem Group and its CRO on the restructuring of more than 30 bilateral trade finance facilities and a secured syndicated facility.°
  • Representation of UAE and India based Pharmaceuticals Group on the restructuring its pharmaceutical manufacturing operations in the UAE and Japan including dealing with lenders under syndicated and bilateral facilities and beneficiates of personal guarantees issued by the shareholders of the Group.°
  • Representation of PetroRabigh Company (a leading Saudi petrochemicals company) on its on a SAR3.6 billion facility from Saudi Industrial Development Fund (SIDF) and on its existing commercial bank, ECA and Islamic financing arrangements.°
  • Representation of Dubai Islamic Bank PJSC in respect of a AED664 million Islamic financing to Meydan Group LLC for the purpose of refinancing an existing facility.°
  • Representation of Dubai Islamic Bank PJSC in respect of Mudaraba and Murabaha facilities for Reem Hospital LLC for the purpose of refinancing existing facilities.°
  • Representation of Abu Dhabi Islamic Bank in respect of a AED250 million Islamic financing to International Capital Trading LLC for the purpose of refinancing existing facilities.°
  • Representation of Abu Dhabi Islamic Bank in respect of a AED170 million Islamic financing to Al Nasser Properties LLC.°
  • Representation of DP World Sokhna in relation to the project financing of the US$500 million Sokhna Port Development Project, Egypt.°
  • Representation of Dubai Islamic Bank PJSC in respect of a AED445 million Ijara facility to Emicool Plus Cooling LLC for the purpose of financing acquisitions and towards general corporate purposes.°
  • Acting for International Finance Corporation in respect of a US$15 million Ijara facility to Engro Polymer and Chemicals Limited in relation to a hydrogen project in Pakistan.°
  • Representation of Abu Dhabi Islamic Bank in respect of a commodity Murabaha facility to Etrop Court Limited for the financing of real estate in the UK.°
  • Representation of Dubai Islamic Bank PJSC in respect of AED210 million if Ijara and Murabaha facilities of up to AED25 million to Repton School FZ LLC.°
  • Representation of Saudi Arabia Industrial investments (Dussur) as part of an international private equity consortium to the Clean Technologies business of DuPont de Nemours, Inc. for US$510 million in cash, including an Islamic equity backstop acquisition financing.°
  • Representation of GrowthGate Capital Corporation, represented by Bank of Sharjah PJSC (as lead manager and security agent) and Bondholders Limited (as trustee), in respect of the issuance of US$50 million secured notes.°
  • Representation of the Lead Arranger on the financing of a of a portfolio of 100MW of Rooftop Solar Power Projects in Dubai.°
  • Representation of National Petroleum Construction Company in relation to a USD500 million secured syndicated conventional and Islamic financing (role includes drafting the finance documents for the conventional and Islamic facilities).°
  • Representation of the Lead Arrangers on a commercial bank and EKN (Swedish ECA_ covered financing for National Dairy (Hayatna) in Abu Dhabi.°
  • Representation of the Mandated Lead Arranger in relation to a AED480 million secured syndicated corporate financing for a major Abu Dhabi based real estate developer.°
  • Representation of Mandated Lead Arrangers in relation to a AED385 million secured syndicated Islamic real estate financing for Transguard Group, an Emirates Airlines Group company.°
  • Representation of Abu Dhabi Islamic Bank on an AED250 million Murabaha financing for Emirates General Petroleum Corporation (Emarat).°
  • Representation of Mandated Lead Arranger in relation to a three tranche AED50 million secured syndicated Islamic real estate development financing for Ellington Properties, a Dubai based developer.°
  • Representation of Mandated Lead Arrangers (Abu Dhabi Islamic Bank, Abu Dhabi Commercial Bank, and Mashreqbank) on the provision of up to a AED1.5 billion limited recourse Islamic financing for National District Cooling Company PJSC (Tabreed).°
  • Representation of Mandated Lead Arrangers on a $300 million syndicated Islamic facility for Etihad Airways.°
  • Representation of Mandated Lead Arrangers on a secured syndicated AED310 million limited recourse Islamic financing for Paragon Malls, LLC (owned by Tamouh Investments) for the financing of the construction of Paragon Bay Mall, Reem Island, Abu Dhabi.°

°The above representations were handled by Mr. Ahmed prior to his joining Greenberg Traurig Limited.

Recognition & Leadership

  • Listed, Chambers Global, 2024
    • Banking & Finance: Islamic Finance, United Arab Emirates, "Spotlight," 2024
    • Islamic Finance, Middle East-Wide, 2024
    • Banking & Finance, United Arab Emirates, 2024

Credentials

Education
  • LPC, University of Law, Chester, 1989
  • B.A., Keele University, 1988
Admissions
  • England and Wales
  • Dubai Legal Consultant