Khoshaim & Associates

Saudi Arabia

IFLR1000 Reviews

Financial and corporate

Since its establishment in 2012, Khoshaim & Associates has come to be recognised as one of the leading law firms in Saudi Arabia. The firm has offices in both Riyadh and Jeddah. The firm is Allen & Overy’s Saudi sponsor.

 

Focusses / specialisms

The firm has a similarly strong offering across several financial and corporate areas.

In the banking space the firm is known for its experience in supporting sponsor-side mandates across project finance, Islamic finance and banking regulatory advisory.

The firm’s capital markets practice is well-rounded, capable of supporting a range of financing structures including IPOs, rights issues, secondary offerings, private placements and sukuk.

Within M&A the firm has capabilities to support complex, high-cap joint ventures, corporate restructurings, public and private M&A transactions.

The firm is also visible on many of the Kingdom’s largest projects. It provides comprehensive legal support to projects across a myriad of sectors.

 

Key clients

Key clients include Saudi Aramco, Samba Financial Group, Banque Saudi Fransi, Riyad Bank, Arab National Bank, Al Rajhi Bank, Tatweer Buildings Company, Saudi Arabian Ministry of Health, Ministry of Finance  NEOM, Vision Invest , Sahara International Petrochemical Company, Kingdom Holding Company, Hassana and General Organization for Social Insurance (GOSI), Saudi Basic Industries, Prysmian Group, ENEOS Corporation, Capital Markets Authority (CMA), NatWEest Markets, HSBC Saudi Arabia, Emaar Economic City, Riyad Capital, and Kingdom Investment Development Company (KIDC).

 

Research period review: 31st edition (2020/2021)

In banking the firm was active in borrower and lenders side work on large project financing, corporate financing and refinancing mandates.

The capital markets team was active in debt and equity. On the debt side the team advised a mix of banks and issuers on large sukuk programmes and issues. The firm’s equity capital markets engagements included IPO and rights issue work.

The firm continued to maintain a dominant position in the Saudi M&A market, advising marquee clients, such as Saudi Aramco, on some of the most prominent acquisitions, mergers and joint venture transactions.

Landmark projects engagements, among others, include advising on the financing of Red Sea Gate Terminal and assisting the Saudi Arabian Ministry of Education on a large school PPP project.

 

Deal highlights: 31st edition (2020/2021)

KIDC sale and purchase of shares in Care Shield

Ministry of Finance of the Kingdom Saudi Arabian $5 billion bond programme

NatWest Markets and Banco Santander $882 million share disposal

Red Sea Gate Terminal

Riyad Bank SAR10 billion sukuk programme and issue

Samba/NCB merger

Saudi Aramco/Saudi Arabian Industrial Investments/Hyundai Heavy Industries joint venture

Saudi school PPP

Saudi Aramco/Baker Hughes joint venture

Zain KSA SAR7 billion financial restructuring

 

Client feedback: 31st edition (2020/21)

 

Bank lending : Lender side 

"Constructive, responsive, solution-oriented. Knowledgeable." 

 

Capital markets 

"High-quality work product; know the KSA market very well; very responsive; meet deadlines, etc." 

 

Capital markets : Equity 

"Khoshaim knows KSA very well. They are the most knowledgeable firm on KSA corporate and securities work. They also provide good work quality and they meet deadlines." 

 

M&A 

"Khoshaim is efficient with their time and rapid in their responses. They are very commercial in their approach to getting a deal done." 

"Very well-researched advice taking into account different applicable laws/ jurisdictions. The team is very responsive and the senior partner's involvement is always informative and insightful." 

 

Project development 

"Good work. Good knowledge base." 

 

Fadi Daher 

"Team work and knowledge of the law. They provide constructive solutions." 

 

Karim Wali 

"Constructive; responsive; solution oriented; helpful; knowledgeable." 

 

Zeyad Khoshaim 

"Knowledgeable; experienced; good work quality; responsive - an all around great lawyer." 

"Strong work ethic. Good work product. Delivers. Knows the local market and practice very well." 

"Zeyad is available when I need him. I know that I can count on him to provide reasoned legal advice and I view him as a trusted partner." 

"Smart; on the ball; eloquent; accessible; strong experience in certain areas. Deep knowledge in the intricacies of Saudi law."