Craig Nethercott is a projects and Islamic finance partner who practises in London and the Gulf. Sources describe him as "hard-driving and dynamic," and add: "He likes to try and maximise return for his client, you always know you are in a negotiation with him."


Chambers UK 2014: Project Finance

Craig R. Nethercott

London | Dubai
  • 99 Bishopsgate
  • London EC2M 3XF
  • United Kingdom

Craig Nethercott is a partner in the Project Finance and Development Practice Group and is Co-chair of the global Islamic Finance Practice. Mr. Nethercott has advised on transactions in Europe, the Middle East, Africa and Asia. He co-edited and contributed to the treatise "Islamic Finance: Law and Practice" published in March 2012 by the Oxford University Press.


Mr. Nethercott’s experience includes representation of:

  • The underwriters with respect to the US$4 billion sovereign Sukuk issued by the State of Qatar, the first sovereign Sukuk in Qatar
  • The commercial lenders, K-Exim and K-Sure on the US$1.4 billion export credit facility to Saudi Electricity Company to finance the Rabigh 6 power plant and the underwriters on the US$1.75 billion Ijara Sukuk issued by Saudi Electricity Company
  • Mobily, the mobile telecoms service provides in the Kingdom of Saudi Arabia, on a groundbreaking US$2.9 billion Islamic financing facility, based on airtime - a market first
  • The sponsors on the Al Zour North IWPP project in Kuwait
  • The lenders on the US$4.6 billion bank financing of the EMAL Aluminium smelter project, the world's largest aluminium smelter*
  • The lenders on the PP-II 1750 MW power project in Riyadh, Saudi Arabia
  • The sponsors in the US$6.5 billion financing of the Qatargas II LNG facilities in Qatar and the US$500 million financing of the South Hook regasification terminal in the United Kingdom (including the US$530 million Islamic financing)*
  • Saudi Aramco in the financing of the US$9.9 billion Rabigh Refinery and Petrochemical project in Saudi Arabia (including the US$600 million Islamic financing)*

*Matter handled while at a previous firm


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