Basil Al-Jafari

Basil’s experience includes advising:

Equity Capital Markets

• The bookrunners on the US$11.2 billion secondary public offering of shares of Saudi Aramco
• The underwriters in Investcorp Capital's US$451 million initial public offering 
• The underwriters in TECOM Group’s AED 1.7 billion initial public offering 
• The bookrunners in the SAR3.2 billion secondary public offering of shares in Saudi Telecom Company by the Public Investment Fund
• The underwriters in Saudi Aramco’s US$29.4 billion initial public offering (the world’s largest ever initial public offering)
• Arabian Internet and Communications Services Company (solutions by stc) in its SAR3.6 billion initial public offering
• The managers in the SAR750 million advanced bookbuild sale of shares in The Saudi British Bank (SABB)
• The underwriters in HDFC Asset Management Company’s US$400 million initial public offering
• Techcombank in its US$922 million initial equity offering
• Vincom Retail in its US$740 million initial equity offering
• The underwriters in Future Supply Chain’s US$100 million initial public offering
• The underwriters in Chandra Asri Petrochemical’s US$378 million rights issue
• The underwriters in India Grid Trust’s US$350 million initial public offering of units
• The Government of Pakistan in its US$1 billion offering and sale of its shareholding in Habib Bank Limited
• Abu Dhabi Islamic Bank in its US$137 million rights offering
• Sembcorp Salalah Power and Water Company in its US$138 million initial public offering

Debt Capital Markets (Conventional)

• The dealers in the establishment of a euro medium term note program by the Arab Bank for Economic Development in Africa (BADEA)
• Vår Energi in the issuance of €750 million subordinated fixed rate reset securities due 2083
• The joint bookrunners in the debut offering of US$350 million senior secured guaranteed green notes due 2028
• The dealer managers in the exchange offer and consent solicitation by Vivion Investments and issuance of senior secured guaranteed notes due 2028 and 2029 
• Vår Energi in the establishment of a €3 billion euro medium term note program and inaugural issuance of €600 million notes thereunder
• A GCC sovereign wealth fund in the establishment of its euro medium term note program and inaugural issuance of US$3 billion “green” bonds thereunder
• Axian Telecom in its offering of US$420 million senior notes due 2027
• The dealers in the establishment and subsequent update of a global medium term note program by the Federal Government of the United Arab Emirates, acting through the Ministry of Finance, and issuances of US$4 billion notes (2021), US$3 billion notes (2022), and US$1.5 billion notes (2023) thereunder
• The dealers in various updates of a US$5 billion euro medium term note program by Annington Funding plc, and issuances thereunder
• The dealers in the establishment of a euro medium term note program by Abu Dhabi Ports Company and inaugural issuance of US$1 billion notes thereunder
• The initial purchasers in Liquid Telecom’s US$620 million senior secured notes offering
• The dealers in the establishment and subsequent update of a global medium term note program by Saudi Aramco and issuances of US$12 billion notes (2019) and US$8 billion notes (2020) thereunder
• Corporación Andina de Fomento (CAF) in various updates of its US$30 billion medium term note program and issuances thereunder
• The joint lead managers in SABIC’s US$2 billion notes offering (2018) and US$1 billion notes offering (2020)
• The Kingdom of Saudi Arabia in the establishment and subsequent update of its global medium term note program and inaugural issuance of US$17.5 billion notes thereunder
• The Government of Dubai in various updates of its US$5 billion euro medium term note program and issuances thereunder
• Etisalat in various updates of its US$10 billion global medium term note program and issuances thereunder

Debt Capital Markets (Sukuk)

• The dealers in connection with the updates of Saudi Aramco's GMTN and sukuk programs and the managers in connection with the issuance of (1) US$6 billion notes under the GMTN program and (2) US$3 billion certificates under the Sukuk program (2024)
• The Government of Dubai in its establishment of a trust certificate issuance program
• Etisalat Group in its establishment of a US$3 billion trust certificate issuance program
• Dar Al-Arkan in various updates of its US$2.5 billion trust certificate issuance program and issuances thereunder
• Emirates REIT in its consent solicitation and exchange of existing trust certificates due 2022 for new secured trust certificates due 2024
• The dealers in the establishment of a trust certificate issuance program by Saudi Aramco and issuance of US$6 billion certificates thereunder (the largest ever corporate Sukuk issuance)
• N ogaholding in the establishment and subsequent update of a US$3 billion trust certificate issuance program and issuances thereunder
• The joint lead managers in Arab National Bank’s US$750 million Tier 2 Sukuk offering
• The joint lead managers in Saudi Electricity Company’s US$2 billion Sukuk offering (2018) and US$1.5 billion “green” Sukuk offering (2020)
• The Kingdom of Saudi Arabia in the establishment of its trust certificate issuance program and inaugural issuance of US$9 billion certificates thereunder (the largest ever Sukuk issuance)
• Dana Gas in its tender offer and consent solicitation and issuance of new US$530 million Sukuk and subsequent refinancing
• The Government of Dubai in various updates of its US$6 billion trust certificate issuance program and issuances thereunder