Mr. Al-Jafari is recognized as Up and Coming by Chambers 2022, and as a Rising Star in capital markets by IFLR1000 2018 and 2019 and by Law360 2020.

Basil Al-Jafari

Dubai
  • Dubai International Financial Centre
  • ICD Brookfield Place, Level 16
  • P.O. Box 506698
  • Dubai, United Arab Emirates
 
 

Basil Al-Jafari helps corporates, governments, and financial institutions navigate the full range of debt and equity capital markets products, including conventional bond and Sukuk issuances, debt restructurings, initial public offerings, rights issues, equity investments, and other general corporate finance matters. His practice covers the Middle East, Europe, Africa, Asia, and Latin America.

He has acted for underwriters, issuers, and trustees on all types of debt issuances, including investment grade, crossover and high-yield offerings, MTN and Sukuk programs, and a broad range of liability management matters.

Prior to re-joining the Dubai office, Mr. Al-Jafari was based in the firm’s Singapore office, where his practice focused on capital markets transactions across Asia.

Mr. Al-Jafari’s experience includes advising:

Equity Capital Markets
  • The bookrunners in the SAR3.2 billion secondary public offering of shares in Saudi Telecom Company by the Public Investment Fund
  • The underwriters in Saudi Aramco’s US$29.4 billion initial public offering (the world’s largest ever initial public offering)
  • Arabian Internet and Communications Services Company (solutions by stc) in its SAR3.6 billion initial public offering
  • The managers in the SAR750 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 in its offering of US$420 million senior notes due 2027
  • The dealers in the establishment of a global medium term note programme by the Federal Government of the United Arab Emirates, acting through the Ministry of Finance, and issuance of US$4 billion notes thereunder
  • The dealers in the update of a euro medium term note programme by Annington Funding plc, and issuance of £800 million notes thereunder
  • The dealers in the establishment of a euro medium term note programme by Abu Dhabi Ports Company and issuance of US$1 billion notes thereunder
  • The initial purchasers in Liquid Telecom’s US$620 million senior secured notes offering
  • 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) and US$8 billion notes (2020) thereunder
  • Corporación Andina de Fomento (CAF) in various updates of its US$26 billion medium term note program and issuances thereunder
  • The joint lead managers in SABIC’s US$2 billion notes offering (2018) and US$1 billion notes offering (2020)
  • The dealers in various updates of Abu Dhabi Commercial Bank’s US$9 billion global medium term note program and issuances thereunder
  • The Kingdom of Saudi Arabia in the establishment 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$7 billion global medium term note program and issuances thereunder
Debt Capital Markets (Sukuk)
  • The dealers in the establishment of a trust certificate issuance program by Saudi Aramco and issuance of US$6 billion certificates thereunder (the largest ever corporate Sukuk issuance)
  • Nogaholding in the establishment of a US$3 billion trust certificate issuance programme and issuance of US$600 million certificates thereunder
  • The joint lead managers in Arab National Bank’s US$750 million Tier 2 Sukuk offering
  • The joint lead managers in Saudi Electricity Company’s US$2 billion Sukuk offering (2018) and US$1.5 billion “green” Sukuk offering (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
  • Dar Al-Arkan in various updates of its US$2 billion trust certificate issuance program and issuances thereunder
  • The Government of Dubai in various updates of its US$6 billion trust certificate issuance program and issuances thereunder
  • The dealers in the establishment of Noor Bank’s US$3 billion trust certificate issuance program and issuances thereunder
  • Abu Dhabi Islamic Bank in the establishment of its US$5 billion trust certificate issuance program and issuances thereunder
 
 
 
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