Basil Al-Jafari

Basil’s experience includes advising:

Equity Capital Markets

• Grunenfelder Saady Holding Company (CGS) on its SAR 300 million IPO on Tadawul
• Flynas in its SAR 13.7 billion initial public offering on Tadawul
• The underwriters in Alpha Data’s AED 600 million initial public offering on ADX
• The bookrunners in 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 on ADX
• The underwriters in TECOM Group’s AED 1.7 billion initial public offering on DFM
• The bookrunners in the SAR 3.2 billion secondary public offering of shares in Saudi Telecom Company
• The underwriters in Saudi Aramco’s US$29.4 billion initial public offering on Tadawul (the world’s largest ever initial public offering)
• Arabian Internet and Communications Services Company (solutions by stc) in its SAR 3.6 billion initial public offering on Tadawul
• The managers in the SAR 750 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)

• Axian Telecom its issuance of US$600 million senior notes due 2030
• Corporación Andina de Fomento (CAF) in its inaugural issuance of US$500 million subordinated fixed rate reset notes
• Harbour Energy in its issuance of €900 million perpetual guaranteed subordinated resettable fixed rate notes
• The managers in the issuance of €600 million senior secured green notes due 2030 by Getlink SE
• Kingspan Group in the establishment of its euro medium term note program and inaugural issuance of €750 million notes thereunder
• The dealers in the establishment and subsequent update of a euro medium term note program by the Arab Bank for Economic Development in Africa (BADEA) and inaugural issuance of €500 million notes (2023) and €750 million notes (2025) thereunder
• Vår Energi in the issuance of €750 million subordinated fixed rate reset securities due 2083
• The joint bookrunners in the inaugural issuance of US$350 million senior secured guaranteed green notes due 2028 by FIVE Holdings
• 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 and subsequent updates of a €3 billion euro medium term note program and inaugural issuance of €600 million notes (2023) and €1 billion notes (2025) 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 inaugural issuance 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), US$1.5 billion notes (2023) and US$1.5 billion notes (2024) 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 issuance of US$620 million senior secured notes due 2026
• 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), US$8 billion notes (2020) and US$6 billion notes (2024) 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 issuance of US$2 billion notes (2018) and US$1 billion notes (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)

• Emirates REIT in its ( i) exchange offer and issuance of US$380 million secured trust certificates due 2025 and (ii) issuance of US$205 million secured trust certificates due 2028
• The Government of Dubai in its establishment of a trust certificate issuance program and issuances thereunder
• e& 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
• The dealers in the establishment and subsequent updates of a trust certificate issuance program by Saudi Aramco and issuance of US$6 billion certificates (2021) (the largest ever corporate Sukuk issuance) and US$3 billion certificates (2024) thereunder
• Bapco Energies (formerly nogaholding) 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 issuance of US$750 million Tier 2 Sukuk
• The joint lead managers in Saudi Electricity Company’s issuance of US$2 billion Sukuk (2018) and US$1.5 billion “green” Sukuk (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