Peter Norris advises governments, sponsors, and financial institutions on a range of regional transactions, with a particular focus on banking and finance.

Mr. Norris helps clients doing business in the region on a full complement of financing transactions, including bank and project finance, capital markets, and Shari’ah-compliant structures. He regularly advises:

  • Governments, including sovereign wealth funds
  • Companies and sponsors
  • Banks and financial institutions, including export credit agencies

Resident in the region for more than a decade, he draws on a wealth of local market experience, particularly with clients doing business related to The Kingdom of Saudi Arabia and the United Arab Emirates.

Mr. Norris’ representative transactions include advising:

Bank Finance

  • Large sovereign wealth fund on various loan facilities
  • Commercial lenders and export credit agencies on a covered term loan facility for Saudi Electricity Company
  • Dar al-Arkan Real Estate Development Company on multiple Ijara facilities
  • Etihad Etisalat Company (Mobily) on several export credit agency and commercial bank financing arrangements
  • Lead arrangers and agents on various financing matters for Al-Etisalat Al-Mutanakilah Al-Saudia Company (Zain KSA)
  • The National Industrialization Company (TASNEE) on its holdco Murabaha financing facilities, and subsequent Sukuk refinancing
  • Commercial banks on several refinancing matters for Kuwait Food Company (Americana) K.S.C.P
  • Power and Water Utility Company for Jubail and Yanbu (MARAFIQ) on a Murabaha financing facility
  • Lead arranger and agents on certain refinancing matters for Emaar Libadiye Gayrimenkul Geliştirme A.Ş. and Emaar Properties PJSC
  • Commercial banks on a Murabaha financing facility for Almarai Company
  • Advanced Metals Industries Cluster on a Murabaha financing facility
  • Commercial banks on financing the Meydan Beach Hotel
  • Commercial banks on a Murabaha financing facility for Thakher Development Company
  • Commercial banks on a Murabaha financing facility for Al-Sharah Al-Arabia Real Estate Company
  • Global Data Hub Company on a Murabaha financing facility
  • Lead arrangers and agents on various financing matters for International Methanol Company
  • Microsol International on a term loan facility

Project Finance

  • Project financing in connection with a 1,500-MW solar photovoltaic electric generating facility located in Saudi Arabia
  • PT Pertamina EP Cepu (PEPC), a subsidiary of the Indonesian state-owned energy producer PT Pertamina, on a Wakala tranche for the financing of the Jambaran-Tiung Biru field in East Java; the first Islamic financing in the context of an Indonesian trustee borrowing structure
  • ArcelorMittal Tubular Products Jubail Company and Al-Tanmiah (AMTPJ) for Industrial & Commercial Investment Company on the financing of the world’s largest seamless steel tube plant
  • Export credit agencies, commercial banks, and underwriters on the financing of the PNG LNG project in Papua New Guinea
  • Large sovereign wealth fund on a series of restructurings / rescheduling negotiations in relation to a mining company
  • Lead arrangers and agents on the financing of four ultra-deep-water drill ships for Pacific Drilling Limited
  • Lead arrangers and agents on multiple financing matters for the Jubail Acetyls Complex
  • Mandated lead arrangers on the project financing of a polysilicon plant

Capital Markets

  • Banque Saudi Fransi on its Mudaraba / Murabaha Tier II Sukuk
  • Dar al-Arkan Real Estate Development Company on several Sukuk matters
  • Joint lead managers and bookrunners on the Mudaraba Sukuk and the Mudaraba / Murabaha Sukuk of Saudi International Petrochemical Company (now Sahara International Petrochemical Company)
  • Lead managers and agent on the Musharaka Sukuk of Rawabi Vallianz Offshore Company
  • The National Industrialization Company (TASNEE) on its Sukuk issuance

Other Transactions

  • Large sovereign wealth fund on:
    • Car manufacturing industry project
    • Several minority investments into India
  • Public-private-partnership unit of a Middle East sovereign on certain rail projects
  • The National Titanium Dioxide Company (Cristal) on its Murabaha and Bai Al-Ajal financing facilities; named Restructuring Deal of the Year by Islamic Finance News
  • Jabal Omar Development Company on various financing and refinancing matters

Bar Qualification

  • England and Wales (Solicitor)

Education

  • Legal Practice Course, College of Law, London
  • LL.B., College of Law, London

Languages Spoken

  • English
  • French