24 September 2012
Riyadh ... Mohammed Al-Sheikh has been elected as the Executive Director, member of the Boards of Directors at the World Bank representing Saudi Arabia, effective September 24, 2012.
The Boards of Directors consist of the World Bank Group President and 25 Executive Directors. The Executive Directors are responsible for the conduct of the general operations of the World Bank and exercise all the powers delegated to them by the Boards of Governors.
Al-Sheikh is an experienced transactional lawyer whose practice focuses on M&A, capital markets, project finance, restructuring, banking and general finance matters. Al-Sheikh has nearly two decades of experience representing sovereign wealth funds, government bodies, banks and other businesses located or operating in Saudi Arabia and the Gulf region. He has particularly deep experience working in the energy, infrastructure, telecommunications, technology, real estate and financial services sectors. A recognized leader in Islamic finance, he has published and lectured extensively on Sharia-compliant banking and finance law.
Al-Sheikh received an LLM from Harvard Law School in 1996 and an LLB from Umm Al-Qura University in 1994.
Robert M. Dell, Chairman and Managing Partner of Latham & Watkins, said: “Mohammed’s election to this high office marks a major milestone in an illustrious career. This is a great honor for Mohammed who will serve his country and the World Bank with great distinction. His strong intellect, problem-solving talents and integrity stand him in good stead to serve as an advisor and diplomat. We appreciate all Mohammed has contributed as a leader and colleague at our firm and we wish him much success in his new role.”
Finance partner Salman Al-Sudairi has been appointed Office Managing Partner in Riyadh. Effective from September 22, 2012, Latham & Watkins practices in Saudi Arabia in association with the Law Office of Salman M. Al-Sudairi.
Al-Sudairi is a prominent New York and Saudi Arabian qualified lawyer who has been with Latham & Watkins since 2007, spending three years in the New York office before joining Mohammed Al-Sheikh in 2010 to establish Latham & Watkins’ presence in Riyadh. Al-Sudairi has worked on some of the most noteworthy financial restructurings in Saudi Arabia over the last several years, including advising Saudi Arabian and international banks in the restructuring of approximately SAR 7.5 billion of indebtedness of Al-Ittefaq Steel Products Company. He has also advised on a number of landmark capital markets transactions, including the initial public offerings of Al Tayyar Travel Group and Takween Advanced Industries.
“Salman brings sound judgment, energy and business acumen to the leadership team in the Middle East. Over the years, we have built one of the premier transactional practices in the Middle East, with a comprehensive local law, English law and US law capability rivaled by few. The Middle East continues to be an influential and strategic hub in the global economy, and our strong team in Saudi Arabia, Qatar and the UAE is well placed to seize on the opportunities to further grow our practice,” added Dell.
About Latham & Watkins
Latham & Watkins is a global law firm with approximately 2,000 attorneys in 31 offices, including Abu Dhabi, Barcelona, Beijing, Boston, Brussels, Chicago, Doha, Dubai, Frankfurt, Hamburg, Hong Kong, Houston, London, Los Angeles, Madrid, Milan, Moscow, Munich, New Jersey, New York, Orange County, Paris, Riyadh, Rome, San Diego, San Francisco, Shanghai, Silicon Valley, Singapore, Tokyo and Washington, D.C. For more information on Latham & Watkins, please visit the Web site at www.lw.com.
Notes to Editor
Latham & Watkins operates as a limited liability partnership worldwide with affiliated limited liability partnerships conducting the practice in the United Kingdom, France and Italy and affiliated partnerships conducting the practice in Hong Kong, Japan and Singapore. Latham & Watkins practices in Saudi Arabia in association with the Law Office of Salman M. Al-Sudairi.