EXPERIENCE

Peter’s representative transactions include advising:

Bank Finance

• Commercial banks and export credit agencies on a covered term loan facility for Saudi Electricity Company
• Dar al-Arkan Real Estate Development Company on multiple ijara facilities
• Etihad Etisalat Company (Mobily) on several export credit agency and commercial bank financing arrangements
• Lead arrangers and agents on various financing matters for Al-Etisalat Al-Mutanakilah Al-Saudia Company (Zain KSA)
• The National Industrialization Company (TASNEE) on its holdco murabaha financing facilities and subsequent sukuk refinancing
• Commercial banks on several refinancing matters for Kuwait Food Company (Americana) K.S.C.P
• Power and Water Utility Company for Jubail and Yanbu (MARAFIQ) on a murabaha financing facility
• The lead arranger and agents on certain refinancing matters for Emaar Libadiye Gayrimenkul Geliştirme A.Ş. and Emaar Properties PJSC
• Commercial banks on a murabaha financing facility for Almarai Company
• Advanced Metals Industries Cluster on a murabaha financing facility
• Commercial banks on financing the Meydan Beach Hotel
• Commercial banks on a murabaha financing facility for Thakher Development Company
• Commercial banks on a murabaha financing facility for Al-Sharah Al-Arabia Real Estate Company
• Global Data Hub Company on a murabaha financing facility
• Lead arrangers and agents on various financing matters for International Methanol Company
• Microsol International on a term loan facility

Project Finance

• PT Pertamina EP Cepu (PEPC), a subsidiary of the Indonesian state-owned energy producer PT Pertamina, on a wakala tranche to finance the Jambaran-Tiung Biru field in East Java, marking the first Islamic financing in the context of an Indonesian trustee borrowing structure
• ArcelorMittal Tubular Products Jubail Company and Al-Tanmiah (AMTPJ) for Industrial & Commercial Investment Company on the financing of the world’s largest seamless steel tube plant (and subsequent refinancing exercises) 
• Export credit agencies, commercial banks, and underwriters on financing the PNG LNG project in Papua New Guinea
• Lead arrangers and agents on the financing of four ultra-deep-water drill ships for Pacific Drilling 
• Lead arrangers and agents on multiple financing matters for the Jubail Acetyls Complex
• Mandated lead arrangers on the project financing of a polysilicon plant

Capital Markets

• Banque Saudi Fransi on its mudaraba / murabaha Tier II Sukuk
• Dar al-Arkan Real Estate Development Company on several sukuk matters
• Joint lead managers and bookrunners on the mudaraba Sukuk and the mudaraba / Murabaha Sukuk of Saudi International Petrochemical Company (now Sahara International Petrochemical Company)
• Lead managers and agent on the musharaka sukuk of Rawabi Vallianz Offshore Company
• The National Industrialization Company (TASNEE) on its sukuk issuance

Other Transactions

• Public-private-partnership unit of a Middle East sovereign on certain rail projects
• The National Titanium Dioxide Company (Cristal) on its murabaha and bai al-ajal financing facilities; named “Restructuring Deal of the Year” by Islamic Finance News
• Jabal Omar Development Company on various financing and refinancing matters