Salam M. Alsmadi

Dubai
  • Dubai International Financial Centre
  • Precinct Building 1, Level 3
  • P.O. Box 506698
  • Dubai, United Arab Emirates
 
 

Salam Alsmadi is a member of the Finance Department. Mr. Alsmadi is a civil law qualified lawyer from a jurisdiction that is largely similar to the UAE. He has long standing experience in leading international law firms in the UAE. His solid knowledge of the UAE legal system helps him with advising on the most complex real estate financing, structured finance, restructuring, derivatives, bankruptcy and all types of security interests in the GCC region. Mr. Alsmadi specializes in restructurings, Islamic finance and international finance transactions.

 

 

Mr. Alsmadi's experience includes advising:

  • The arrangers on a US$165,000,000 facilities agreement to SP Properties Holdings for constructing two residential towers in downtown Dubai 
  • In connection with the first real estate mortgage backed securitization in the UAE*
  • On the first securitization of Islamic residential leases (ijara) and the first true sale securitization in relation to a portfolio of Islamic residential leases (ijara) in the UAE*
  • A committee of the major creditors in the restructurings of Dubai World and Nakheel. This Dubai World deal was named Acquisitions Monthly’s 2010 “Restructuring Deal of the Year”, describing it as “the largest and most complex EMEA restructuring of 2010.” This deal was also awarded "Deal of the Year 2011" by The Banker and won the IFLR "Middle East Restructuring Deal of the Year"*
  • The major syndicated and bilateral creditors in a multi-billion dollar financial and operational restructuring of a Middle East-based sovereign related provider of ship building, repair and maintenance services*
  • The arrangers on a US$1 billion refinancing facility to Qatar Telecom (Qtel)
  • Standard Chartered Bank with respect to the US$300,000,000 Emaar/SCB Murabaha transaction*
  • On the first securitization of Islamic residential leases (ijara) and the first true sale securitisation in the GCC region*
  • Dubai Bank in respect of the first standardized Master Murabaha Agreement that was prepared by International Islamic Financial Market*
  • Amlak Finance in connection with an AED1.8 Billion Wakalah Agreement*
  • In connection with the first commercial mortgage backed securitization in the UAE*
  • The arranger in preparing a syndicated facility agreement for Ithmar Fund*
  • in connection with financing the purchase of five aircrafts through sale and lease back mechanism*
  • Citicorp International Limited (as Facility Agent) in preparing a syndicated loan agreement to CP Industries Holding*
  • Two steering committees in respect of two major restructuring transactions in the Middle East*
  • Mitsubishi UFJ Securities International plc on regulatory, capacity and enforceability matters in relation to entering into derivative transactions with UAE counterparties*

Preparation of:

  • A 50-page legal report for Barclays Capital on the legal aspects of secured lending and securitisation in the UAE*
  • A facility agreement and various security documents in connection with the AED800 million facility from NBAD for Al Fahim Group*

*Matter handled while at a previous firm