David Hayward is an associate in the Dubai office, having previously worked as an associate at an international law firm in London and at a Magic Circle firm in Dubai.

He has advised issuers and international investment banks on a number of significant and market-leading debt and equity capital markets transactions in the GCC and further afield, covering IPOs and conventional, sukuk, regulatory capital and sovereign issuances, as well as liability management exercises.

Mr. Hayward's experience includes advising:

  • The underwriters in connection with the initial public offering of TECOM Group PJSC (2022)
  • The managers in connection with the issuance of US$3 billion notes under the Federal Government of the United Arab Emirates GMTN program (2022)
  • The dealers and managers in connection with the update of the Kingdom of Saudi Arabia's Rule 144A compliant GMTN and sukuk programs, as well as multi-tranche issuances of notes under the programs totaling US$17 billion (2020-2021)*
  • The dealers and managers in connection with the establishment of the government of Maldives’ inaugural US$1 billion sukuk program, the issuance of US$300 million trust certificates thereunder and the related tender offer of US$250 million existing notes (2021)*
  • The dealers and managers in connection with the annual updates of an international bank's US$22.5 billion EMTN program and a number of drawdowns thereunder (2019-2021)*
  • The dealers and managers on the update of Emirates Islamic Bank’s US$2.5 billion sukuk program and the issuance of US$500 million certificates thereunder (2021)*
  • The dealers on the establishment of Investcorp S.A.’s US$3 billion EMTN program (2021)*
  • Saudi National Bank on its debut US$1.25 billion international AT1 issuance (2021)*, the first USD AT1 from the Kingdom of Saudi Arabia, as well as its SAR4.2 billion AT1 sukuk issuance and redemption of existing domestic sukuk (2020)*
  • The managers on Boubyan Bank’s US$500 million AT1 sukuk issuance and its tender offer of US$250 million existing notes (2021)*
  • Alinma Bank on its SAR5 billion AT1 sukuk issuance (2021)*
  • The dealers and managers on Ahli Bank’s debut US$300 million AT1 notes issuance (2021)*
  • The dealers and managers in connection with the establishment of Riyad Bank’s US$3 billion sukuk program and the issuance of US$1.5 billion fixed rate reset tier 2 certificates thereunder, the first US$ tier 2 issuance from the Kingdom of Saudi Arabia (2020)*
  • The dealers and managers on the establishment of Kuwait International Bank’s sukuk issuance program and issuance of $300,000,000 fixed rate reset tier 2 certificates thereunder (2020)*
  • The dealers in connection with the update of Barwa Bank's US$2 billion sukuk program (2020)*
  • Banque Saudi Fransi on its SAR5 billion AT1 sukuk issuance (2020)*
  • Roma FC on its €300 million high yield notes issuance (2019)*
  • A refinery company on the refinancing of US$2 billion indebtedness comprising high yield notes, a term loan and a borrowing base facility (2019)*

*Matter handled prior to joining Latham

Bar Qualification

  • Scotland (Solicitor)

Education

  • Diploma in Professional Legal Practice (DPLP), University of Glasgow, 2014
  • Bachelor of Laws, University of Glasgow, 2013

Practices