Shahad Mohamed AlTurki

Shahad’s experience** includes advising:

Finance / Restructurings

• Tamara, a leading shopping and payments platform in Saudi Arabia and the wider Middle East:
  • In relation to the closing of a first-of-its-kind receivables warehouse facility of up to US$150 million from Goldman Sachs
  • On the asset-backed financing provided by Goldman Sachs in connection with Buy-Now-Pay-Later receivables originated in the KSA
• Al Nahla, a Saudi Arabian family owned business, on the establishment of its ⃁6 billion private real estate investment fund
• The Ministry of Finance of Saudi Arabia on the debt restructuring of the Saudi Binladin Group, which in excess of ⃁40 billion (circa. US$10 billion) is the largest, the most complex, and the most high-profile debt restructuring in the MENA region, and possibly the world
• The creditors committee on the debt restructuring of Azmeel Contracting Company, which at ⃁7.7 billion (circa. US$2.06 billion) is the most unique debt restructuring to date in Saudi Arabia as it utilizes for the first time a perpetual Sukuk structure (with a commodity Murabaha facility) in connection with a financial restructuring procedure under the Insolvency Law
• The Creditors Committee in connection with the restructuring of conventional and Islamic loans of Al-Ittefaq Steel Products Company
• Banque Saudi Fransi on the debt restructuring of (i) Eastern Trading & Contracting Company (ETEC) in connection with a financial restructuring procedure under the Bankruptcy Law and (ii) Eastern ReadyMix Concrete Company (ETER) on a bilateral consensual debt restructuring outside of a procedure under the Bankruptcy Law
• A foreign bank in connection with various corporate matters related to establishing a branch in the Kingdom of Saudi Arabia
• Various companies in connection with restructuring transactions
• Commercial banks on a Murabaha financing facility for Thakher Development Company
• A confidential government client on:
  • Its inaugural 7 billion Murabaha facility
  • A loan to Saudi Real Estate Company
  • A loan to Saudi Aramco Base Oil Company
  • A car manufacturing industry project
• A confidential KSA energy company on:
  • Securing a USD 1bn SACE-covered push strategy facility
  • A ⃁300 million Murabaha facility for a global data hub company
  • US$2.85 billion term loan facilities
  • A US$1 billion SACE-covered facility agreement
  • A US$1 billion SERV-supported framework agreement
  • US$4 billion conventional and Murabaha (comprising an AAOIFI compliant Murabaha facility and a traditional rolling Murabaha facility) revolving credit facilities
  • US$3.6 billion conventional and Islamic term facilities
  • US$250 million sustainable “Green Loan” facilities
• Tabby on its US$700 million in-debt financing by way of receivables securitization from J.P. Morgan, which earned the 2024 IFLR Middle East Award Impact Deal of the Year

Corporate

• Several companies on their potential IPOs on Tadawul in various industries
• International and local clients on various matters relating to various Saudi Arabian laws
• On conducting due diligence exercises of several companies in connection with potential acquisitions
• Several Saudi companies on drafting memorandums with respect to various litigation cases*

*Matter handled prior to joining Latham

**Firm experience prior to April 2023 includes work completed both at Latham and the Law Firm of Salman M. Al-Sudairi