A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
A&O Shearman has advised the participants in connection with the USD7 billion Shariah-compliant murabaha facility for the Public Investment Fund (PIF).
United Arab Emirates
A&O Shearman has advised the participants in
connection with the USD7 billion Shariah-compliant murabaha
facility for the Public Investment Fund (PIF). This facility is
supported by a syndicate of 20 international and regional financial
institutions.
The transaction is the first of its kind for PIF and is part of
its medium-term capital raising strategy. The Shariah-compliant
financing forms part of PIF’s objective of diversifying its
funding sources.
This syndicated facility also builds on PIF’s successful
sukuk issuances over the past two years and reinforces its strong
financial position.
Samer Eido, who led the A&O Shearman team advising the
lenders, remarked: “We are thrilled to have played a role in
supporting PIF’s inaugural Shariah-compliant syndicated
facility. This achievement is a testament to the collaborative
efforts of all parties involved and marks another significant
milestone for Shariah-compliant financing in the region.”
The A&O Shearman team was led from Dubai by Finance partner
Samer Eido with support from counsel Afsha Karim, associate Seán Tobin, and trainee Assile
Hasan.
Contributor
A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
