AS&H advised AlRajhi Bank on Sukuk listing in Saudi

ABUHIMED ALSHEIKH ALHAGBANI &Clifford Chance (AS&H Clifford Chance) have played a pivotal role in advising Al Rajhi Capital Company (ARC) on establishing a SAR 1.5 billion Sukuk issuance programme. This programme facilitates the issuance of SAR 1 billion Sukuk by Middle East Healthcare Company, also known as Saudi German Health. The Sukuk issued under this programme will be traded on the Saudi Exchange (Tadawul).

Notably, this transaction marks the first public Sukuk issuance by a Saudi private healthcare services provider. It also stands as the second largest public Sukuk issuance governed by the Rules on the Offer of Securities and Continuing Obligations.

The AS&H Clifford Chance team, led by Head of Banking & Finance Yasser Al-Hussain Yasser has extensive experience advising on a wide range of project finance, bilateral and syndicated lending transactions as well on financial litigations. and Counsel Ahmed Choudhry, received support from associates Ibrahim Al-MansourYara AbushananAbdullah Alshebaiky, and Noura Alassaf.