Alexander Malahias
Biography
Overview
Alexander Malahias is a partner in the Project Development and Finance practice based in the Firm's London and Riyadh office. He has wide-ranging experience in advising government entities, sponsors, commercial banks, international financial institutions, export credit agencies and developers in relation to project finance transactions, including refinancings. He has advised on many first-of-their-kind and award winning transactions within the Middle East region.
Alexander works across a variety of sectors, including energy transition projects; tourism, real estate and large-scale development; oil & gas and petrochemicals; water, power and utilities, and infrastructure projects; Alexander is also a core member of the Firm’s Energy Transition Focus Group.
Experience
Representation of Yellow Door Energy on the sale of a majority stake to private equity firm Actis. Yellow Door Energy is a Dubai-based is a sustainable energy partner for businesses, serving commercial and industrial customers in the Middle East and South Asia and a current operating portfolio of 106 megawatts, which it hopes to expand to 1 gigawatts in the future.
Representation of the Red Sea Development Company, a wholly-owned subsidiary of the Public Investment Fund of Saudi Arabia (PIF), on the financing of Phase One of The Red Sea Project. This deal was recognised as "Project Finance Deal of the Year" by Capital Markets Saudi Arabia Awards 2021.
Representation of The Red Sea Development Company on its joint venture agreement with Almutlaq Real Estate Investment Co. (AREIC), a subsidiary of Riyadh-based investment family group the Al Mutlaq Group (AMG) for the development of the Jumeirah The Red Sea, a 159-room luxury resort situated on Shura Island.
Representation of nine regional and local lenders in connection with the SAR6.1 billion Islamic project financing of Advanced Polyolefins Industry Company's petrochemicals complex in Saudi Arabia. This deal was recognised as "Petrochemicals Deal of the Year" by IJ Global 2022 "Project Finance Loan Deal of the Year" by Capital Markets & ESG Finance Saudi Arabia Awards 2023.
Representation of the Mandated Lead Arrangers in connection with the SAR 2.15 billion Islamic project financing for the construction of a new petrochemicals complex in Yanbu, Saudi Arabia. This deal was recognized as "MENA Petrochemicals Deal of the Year" by IJGlobal 2018.
Representation of SPPC in connection with the 1.5 GW Sudair PV IPP project (recognised as "MENA Renewables Deal of the Year" by IJ Global 2021 and "Structured Finance Deal of the Year" by Capital Markets Saudi Arabia Awards 2021); the 2,060MW Al Shuaibah 2 PV IPP project; the 700MW Ar Raas PV IPP project; the 300MW Saad PV IPP project; the 300MW Rabigh PV IPP project; and the 300MW Jeddah PV IPP project.
Representation of Sweihan PV Power Company PJSC, the owner and operator of the Noor Abu Dhabi solar PV plant, in connection with the refinancing in full of the Noor Abu Dhabi project through the issuance of US$700.8 million 3.625 percent green senior secured green bonds.
Representation of Emirates Water & Electricity Company in connection with the PV2 IPP involving the development of a 2GW solar project, the largest single-site solar project in the world, together with a grid station and associated facilities in the Emirate of Abu Dhabi, UAE. This deal was recognised as "Middle East Solar Deal of the Year" by Project Finance International 2020 and "MENA Renewables Deal of the Year" by IJ Global 2020.
Representation of Emirates Water & Electricity Company in connection with the Taweelah RO IWP, involving the development at the Taweelah complex of a 200MIGD reverse osmosis desalination plant. This deal was recognised as "MENA Water Deal of the Year" by IJ Global 2019 and "Middle East Project Finance Deal of the Year" by IFLR 2020, and has obtained the first-ever "sustainable loan" qualification for a water desalination project globally.
Representation of Emirates Water & Electricity Company in connection with the development of the US$1.14 billion Fujairah F3 power generation plant having a net capacity of 2400 MW together with a grid station and associated facilities. This deal was recognised as "Middle East Power Deal of the Year" by Project Finance International 2020 and "MENA Power Deal of the Year" by IJ Global 2020.
Representation of Saudi Aramco on the structuring, tendering and development of the 1,509 MW Fadhili independent power project, to be developed jointly by Saudi Aramco and Saudi Electricity Company. This deal was recognised as "MENA Power Deal of the Year" by IJ Global 2017.
Representation of Saudi Aramco in connection with the US$8 billion expansion of the Rabigh Petrochemical Project in the Kingdom of Saudi Arabia. This deal was recognised as "Middle East and Africa Petrochemical Deal of the Year" by Project Finance International 2015.
Leading Individual: Banking & Finance (Expertise Based Abroad – Saudi Arabia)
Chambers Global 2024