Nezar Al Abbas
Biography
Overview
Nezar Al Abbas is a local partner at White & Case in Riyadh. He advises lenders and borrowers in relation to various forms of Islamic and conventional financing, with a particular focus on project finance, corporate, trade and fund.
Experience
Representation of the project company with the US$8.4 billion financing of a greenfield facility powered by renewable energy for production and export of green hydrogen to global markets, capable of producing 650 tons per day of carbon-free hydrogen in the form of ammonia, to be located in the NEOM region of the Kingdom. This deal was recognised as "Green Deal of the Year" by Project Finance International 2022 and "Structured Loan Deal of the Year" by Bonds, Loans & Sukuk Middle East Awards 2023 and "Structured Finance Deal of the Year" by Capital Markets Saudi Arabia Awards 2022.
Representation of Saudi Aramco on the structuring and tendering of the US$1 billion Tanajib Cogeneration and Desalination Plant. This deal was recognised as "MENA Power Deal of the Year" by IJ Global 2021.
Representation of the lenders in connection with the refinancing of Riyadh PP11, a 1,730 MW gas-fired power plant located west of Riyadh, Saudi Arabia. This deal was recognised as "MENA Refinancing Deal of the Year" by IJ Global 2021.
Representation of nine regional and local lenders in connection with the SAR6.1 billion Islamic project financing of Advanced Polyolefins Industry Company's new petrochemicals complex located in Jubail Industrial City, Kingdom. This deal was recognised as "Project Finance Loan Deal of the Year" by Capital Markets & ESG Finance Saudi Arabia Awards 2022.
Representation of the Red Sea Development Company in relation to 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 Mandated Lead Arrangers in connection with the SAR 2.15 billion Islamic project financing for the construction of a new petrochemicals complex in Yanbu, Kingdom of Saudi Arabia. This deal was recognized as "MENA Petrochemicals Deal of the Year" by IJ Global 2018.
Representation of the financiers including MUFG Bank, Ltd., Natixis, Samba Financial Group and Riyad Bank in respect of an approximately US$571 million financing to Rabigh Three Company in relation to the Rabigh 3 desalination plant.*
Representation of financiers on a US$1.8 billion multi tranche conventional and Islamic refinancing (wakala-Ijara and procurement facilities) of Rabigh Electricity Company's (RABEC) 1.2GW power plant.*
* Experience gained prior to joining White & Case.
