Addleshaw Goddard's well-regarded team stands out for its 'strong knowledge of the law and Islamic finance'. Practice head Roger Byrne draws on his extensive experience in the region to advise on corporate, infrastructure and project finance matters, and routinely advises issuers on debt capital market transactions and sponsors on establishing investment funds. Senior associate James Shaw assists with real estate finance, leveraged and acquisition finance and asset finance transactions.
Banking and finance in Oman
Addleshaw Goddard
Responsables de la pratique:
Roger Byrne
Autres avocats clés:
James Shaw
Les références
‘Unique expertise. Competitive fees. Quality work. Quick turnaround time. Value-added services. Approachable. Responsible. ’
‘Strong knowledge of the law and Islamic finance. Good judgement and decision-making skills. Research and analytical skills. Drafting skills. Good communication and listening skills. Special mention for James Shaw for his dedication and support.’
‘The team is well organized and works closely together to deliver a professional and timely response to the client’s requirements. Their fees are reasonable and proportionate to the required work.’
Principaux clients
Bank Muscat
The Pearl Real Estate Investment Fund
Qatar Investment Authority
bp
Oman Investment Authority
State Grid International Development
National Bank of Oman
Vision Insurance Company
OQ
Suhail Bahwan Group
Zubair Corporation
LG Electronics Inc.
Omantel
Sohar International Bank
Bank Dhofar
HSBC Bank Oman
Bank Nizwa
Ahli Bank
Oman Arab Bank
Commercial Bank
Principaux dossiers
- Advising The Zubair Holding SAOC and its Group Companies on the restructure of its US$ 1.8 billion existing bank debts from over 20 Omani and regional banks.
- Advising the Ahli Bank led syndicate on the project financing of the US$ 444,000,000 conventional and Islamic term loan facilities to Oman Broadband Company SAOC (OBC) to fund the expansion of its fibre optic infrastructure in Oman.
- Advising Gulf International Bank and Mashreqbank in relation to the US$ 220,000,000 construction development finance facility for the construction and development of the St Regis Hotel and Apartment project at Al Mouj Muscat and associated security package.
Al Busaidy, Mansoor Jamal & Co
Al Busaidy, Mansoor Jamal & Co’s banking team is routinely involved in some of the most prominent conventional and Islamic financing transactions in Oman, and stands out for its expertise in advising on re-capitalisations, leveraged, ship and aviation finance. The group is also adept at handling regulatory issues. Managing partner Mansoor Malik is a project finance expert with nearly four decades of experience in Oman and the wider region. Marcus Pery focuses on syndicated lending, trade and ECA finance, and restructurings. Zarrar Mir is a key name for Islamic finance work.
Responsables de la pratique:
Mansoor Malik; Marcus Pery
Autres avocats clés:
Zarrar Mir
Les références
‘Strong knowledge of the law and good judgement and decision-making skills. Good drafting skills. Good communication and listening skills. Special mention for Zarrar Mir for his dedication and attentive support.’
Principaux clients
Ahli Bank SAOG
Arab Bank Plc
Arab Banking Corporation B.S.C.
Bank Dhofar SAOG
Bank Muscat SAOG
Commerzbank AG
Emirates NBD PJSC
First Abu Dhabi Bank PJSC
National Bank of Bahrain
National Bank of Oman SAOG
Oman Arab Bank SAOG
Sohar International Bank SAOG
Principaux dossiers
- Acting as counsel to several financiers in respect of the debt restructuring of the Zubair Holding S.A.O.C. and its subsidiaries.
- Advised Bank Muscat SAOG in respect of providing an OMR 375,000,000 term loan facility and an OMR 150,000,000 revolving credit facility to Energy Development Oman SAOG.
- Acting as counsel to Bank Dhofar SAOG on providing a OMR 30,000,000 term loan facility to Oman Tower Company LLC for refinancing its existing debt.
Dentons
At Dentons, the banking practice is led by Sadaf Buchanan, who brings over two decades of experience in advising on Islamic finance and restructuring matters. She is well versed in assisting lenders and borrowers with securities, leveraged finance, and debt capital markets transactions, and is widely recognised as a co-founder of the firm's women's network Sayyidaat Dentons. Buchanan is ably supported by senior associate Justine Harding in high-value financing matters.
Responsables de la pratique:
Sadaf Buchanan
Autres avocats clés:
Justine Harding
Principaux clients
Al Shawamikh Oil Services SAOC
Said Al-Shahry & Partners (SASLO)
Said Al-Shahry & Partners (SASLO) acts for banks and borrowers in project, acquisition and Islamic finance mandates. The firm is also active in the development and regulation of the Omani banking sector, and routinely works with the Capital Market Authority, which has recently established a comprehensive framework for regulating cryptocurrency assets. Capital markets specialist Thamer Al Shahry and corporate expert Jeremy Pooley jointly head up the practice. Special counsel Sherif Hampton is well versed in handling Islamic finance and private equity transactions.
Responsables de la pratique:
Jeremy Pooley; Thamer Al-Shahry
Autres avocats clés:
Sherif Hampton
Principaux clients
Sohar International Bank SAOG
Capital Market Authority
Ahlibank SAOG
Oman Investment Authority
Bank Muscat SAOG
Oman Investment and Finance Co SAOG
Principaux dossiers
- Advised Ahlibank SAOG in relation to its OMR 75 million private placement of perpetual subordinated bonds representing Additional Tier I (AT-1) Capital.
- Advising the Government of Oman, via its regulator the CMA, on the preparation of a comprehensive crypto-assets regulatory framework in Oman.
- Advising Sohar International Bank SAOG on its merger with HSBC Oman SAOG.
Al Tamimi & Company
Islamic finance expert Sakshi Puri is the key practitioner at Al Tamimi & Company, where she primarily handles syndicated lending transactions, asset finance, acquisition finance and project finance. As an advocate admitted in India, Puri also advises Indian banks in trade finance matters and bilateral lending work.
Responsables de la pratique:
Sakshi Puri
Principaux clients
Enerflex Middle East LLC
Exterran Middle East LLC
BSA Al Rashdi & Al Barwani Advocates & Legal Consultants
The banking team at BSA Al Rashdi & Al Barwani Advocates & Legal Consultants combines ‘deep-rooted expertise in banking and finance law with an extensive understanding of the financial markets in Oman and the broader MENA region‘. Under the leadership of Arsalan Tariq, the group is well known for its strength in Islamic finance, corporate and acquisition finance and debt issuance work. Capital markets matters are a growing area of instruction for the team; Tariq regularly advises on local and international bond and Sukuk issuances.
Responsables de la pratique:
Arsalan Tariq
Les références
‘The practice distinguishes itself through a combination of deep-rooted expertise in banking and finance law, coupled with an extensive understanding of the financial markets in Oman and the broader MENA region. The team has strong competencies in syndications, DCM, project finance, and structured finance, which provides clients with a comprehensive service offering. A diverse team that understands both local and international banking regulations, they are well-equipped to serve clients who operate in a multi-jurisdictional environment.’
‘Arsalan Tariq has been instrumental in several high-profile deals, demonstrating an extraordinary ability to navigate complex regulations. His understanding of both local and international law is impeccable.’
‘This practice is uniquely positioned in the field of banking, finance, and Islamic finance and is one of the very few law firms in Oman who have Islamic finance capabilities. The team is known for structuring complex financial transactions, providing strategic legal advice, and delivering tailored solutions to meet specific needs. Notably, the practice has a very state-of-the-art transparent billing system, further enhancing its client-centric approach.’
Principaux clients
Maisarah Islamic Banking Services, Islamic window of Bank Dhofar SAOG.
Fisheries Development Oman
Oriental Shrimp Aquaculture LLC
Ahli Bank S.A.O.G.
MB Holding Company LLC
National Bank of Oman
Latham and Watkins / Mastercard
Muzn Islamic, Islamic window of National Bank of Oman
Principaux dossiers
- Advised National Bank of Oman on a OMR 670,000,00 restructuring of Zubair Group and its subsidiaries.
- Advising Muzn Islamic on the extension of a OMR 30,000,000 financing to Oman REIT Fund for acquiring a portfolio of real estate assets in Oman on Diminishing Musharakah basis.
CMS Cameron McKenna LLP
Under the leadership of senior associate Helen Dean, CMS Cameron McKenna LLP's banking practice has broad experience in acting for financial institutions and local borrowers on conventional and Islamic facilities. Dean primarily focuses on advising on project finance and corporate lending matters for clients in the utilities, energy and TMT sectors.
Responsables de la pratique:
Helen Dean
Principaux clients
Oman Broadband Company SAOC
Bank Muscat SAOG Meethaq Islamic Banking
Oman Information and Communication Technology Group SAOC (Ithca Group)
Zubair Corporation LLC
KCA Deutag Drilling Gmbh
Oman Tower Company LLC
Oman 70 (Holding) LLC
Alawi Enterprises LLC (Zawawi Group)
Bank AL Habib, Bahrain Branch
Omani Hospitality Company SAOC
Burooj Telecommunication Networks SPC
GS Inima (Barka) LLC
Mazoon Petrogas SAOC
Principaux dossiers
- Advised Oman Broadband Company SAOC on a major financing deal using a hybrid facility (with conventional and Shariah-compliant tranches) with a value of OMR 171 million.
- Advised Oman Tower Company LLC on a bilateral financing with Bank Dhofar SAOG worth OMR 30 million.
- Assisted KCA Deutag Energy LLC with Omani law issues concerning two new rigs being financed by Oman Arab Bank SAOG in relation to a service contract with Petroleum Development Oman (PDO).
MAR Law
At MAR Law, projects expert Ali Naveed Arshad and corporate specialist Alessandra Zingales are the key practitioners to note. Arshad has notable expertise in advising Omani lenders, banks, Islamic financial institutions and corporate borrowers on project finance, corporate finance and Islamic finance.
Responsables de la pratique:
Ali Naveed Arshad; Alessandra Zingales
Principaux clients
Bank Nizwa SAOG
Oman Broadband Company SAOC
Ahli Bank SAOG
ITHCA group (formerly Oman Information and Communication Technology Group)
Penicillin General Integrated Industrial Co FZL LLC
Ministry of Finance
Ministry of Education
Black Gold Integrated Solutions Co LLC
Oman Sugar Refinery Company LLC
Principaux dossiers
- Advising Oman Broadband Company SAOC on the project development and project finance facilities relating to Phase 2 nationwide telecommunications and fibre optic infrastructure for use by existing licensed telecom providers.
- Advising Bank Nizwa SAOG on a second Islamic finance tranche under a Diminishing Musharakah cum Ijarah structure for the Duqm Development Company LLC.
- Acting for Oman Broadband on the conversion of Phase 1 project finance facilities arranged by AIIB from LIBOR to SOFR.
Trowers & Hamlins LLP
Trowers & Hamlins LLP' practice specialises in handling capital markets work for Omani and foreign issuers, managers, and underwriters. Department head Salman Ahmed is experienced in acting for investment banks and alternative lenders in corporate, Islamic and structured finance, derivative transactions and repo agreements. IPOs and Sukuk are other areas of work for the team.
Responsables de la pratique:
Salman Ahmed
Les références
‘T&H have been consistent providing the level of legal services that we need in our transactions. Proposed solutions to problems in a simple and practical manner are welcome.’
‘The team assigned to us has been proactive, and has facilitated the dialogue and interaction with our client’s legal counterpart. The team is always available and quick in responding our queries.’
Principaux clients
Bank Muscat SAOG
National Bank of Oman SAOG
Ahli Bank SAOG
Electricity Holding Company
Takaful Oman SAOG
Sohar International Bank SAOG (Sohar International)
Oman Development Fund Company SAOC
Bank Dhofar
Ominvest
AlOmaniya Financial Services
Principaux dossiers
- Advised Sohar International Bank S.A.O.G. (Sohar) and EFG-Hermes UAE Limited as joint global coordinator and bookrunner, and Sohar as issue manager and investment manager, on the IPO of 208,137,400 units in The Pearl Real Estate Investment Fund (Pearl REIF) to investors across Oman and the GCC, which have been listed on the Muscat Stock Exchange.
- Advised Maisarah Islamic Banking and Ahli Bank as issue managers on the issuance of OMR25,000,000 Wakala Sukuk by Mohammed Al Barwani LLC (through its SPV entity, Mohammed Al Barwani New Sukuk Issuance SPC).