Norton Rose to lead on financing for new Saudi Arabia security HQ
Norton Rose has taken a lead role on a multibillion-pound cross-border project finance deal to develop a new security headquarters for the government in Saudi Arabia. The City law firm has advised longstanding client Saudi Oger on the first stage of financing for a project to build new security headquarters for the Saudi Ministry of Interior across various parts of the country.
May 18, 2011 at 07:03 PM
2 minute read
Norton Rose has taken a lead role on a multibillion-pound cross-border project finance deal to develop a new security headquarters for the government in Saudi Arabia.
The City law firm has advised longstanding client Saudi Oger on the first stage of financing for a project to build new security headquarters for the Saudi Ministry of Interior across various parts of the country.
Financing for the project, which is expected to cost more than SAR19bn (£3.1bn), saw Saudi Oger initially agree debt and advance payment guarantee facilities arranged by the London branch of Deutsche Bank.
City finance partner Alexandra Triptree led the Norton Rose team, with Allen & Overy (A&O) advising the banks through a Middle East-based team, including Dubai partners Ian Ingram-Johnson and Saudi-based partner Julian Johansen.
Clifford Chance's Saudi ally Al-Jadaan Law Firm won a role advising Saudi Oger on local law aspects of the transaction.
Triptree said: "We were delighted to work with Saudi Oger on the first phase of this complex financing which was completed in a short timeframe notwithstanding continued uncertainty in the Middle East."
Saudi Oger is a private company incorporated in Saudi Arabia which specialises in the construction, maintenance and telecoms sectors. It has offices throughout Saudi Arabia, Europe and the Middle East. Norton Rose has previously advised the company on deals including the 2009 sale of its interest in Romanian mobile operator Telemobil.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Malaysia’s Shearn Delamore Set To Expand Local Footprint With New Office Launch
CMA Uses New Competition Powers to Investigate Google Over Search Advertising
‘A Slave Drivers' Contract’: Evri Legal Director Grilled by MPs
Trending Stories
- 1Snapshot Judgement: The Case Against Illustrated Indictments
- 2Texas Supreme Court Grapples Over Fifth Circuit Question on State Usury Law
- 3Exploring the Opportunities and Risks for Generative AI and Corporate Databases: An Introduction
- 4Farella Elevates First Female Firmwide Managing Partners
- 5Family Court 2024 Roundup: Part I
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
