Sam Manful
Biography
Overview
Sam Manful is an associate in our Debt Finance practice, based in our Dubai office. Sam has completed a secondment with the restructuring team of the Dubai office of a global financial institution and has experience representing sovereigns, financial institutions, sponsors, and corporate borrowers in a wide range of finance transactions, including cross-border acquisition finance, refinancings, margin lending, real estate financing, and general bank lending in relation to both conventional and Sharia-compliant transactions.
Experience
Representation of a leading multi-sector business group based in the UAE, in connection with its AED350,000,000 margin loan. The proceeds of the loan are to be applied towards the Company's general corporate purposes and represents their first ever margin loan financing.
Representation of Gulf International Bank and Bank Muscat in connection with a SAR 326.1 million contract financing for Shapoorji Pallonji.
Representation of the borrower in connection with its AED 17 billion (US$4.6 billion) secured Islamic and conventional facilities for the purpose of refinancing and providing new money funding for the development of significant real estate assets in the UAE.
Representation of Banque Saudi Fransi and Bank Albilad in connection with a SAR1.8 billion Islamic murabaha facility to a special purpose vehicle under a private fund structure managed by SNB Capital to finance land acquisition and development of a real estate project in Riyadh to be sold off-plan under the WAFI Law.
Representation of a UAE based borrower in connection with their secured AED150m, AED950m and AED680m term and revolving credit facilities.
Representation of The Government of the Sultanate of Oman in connection with the separated ECA (UKEF) dual tranche and commercial financings for the US$873.7million design, construction and development of three hospitals in Oman in Salalah, Suwaiq and Khasab.
Representation of a leading UAE Bank in connection with the proposed AED2 billion (USD545 million) senior secured revolving credit facility to be entered into by a subsidiary of a regional sovereign wealth fund.
Representation of Arabian Centres Company (ACC), Saudi Arabia's leading shopping mall owner, developer and operator, on its dual currency US$1.9 billion refinancing package. The refinancing consists of a senior unsecured US$500 million debut Reg S/144A five-year Sukuk issuance, alongside a senior secured dual (USD and SAR) currency US$1.2 billion (equivalent) Ijara and Murabaha term facilities and senior secured dual (USD and SAR) currency US$200 million (equivalent) revolving Murabaha facility.
Representation of Fawaz Abdulaziz Al Hokair Co., a leading diversified fashion, beauty, and food retailer in Saudi Arabia with international operations across 13 countries and long term relationships with more than 80 leading international retail brands, on its dual-currency US$800 million refinancing package. The refinancing consists of a senior secured dual-currency (USD and SAR) US$650 million (equivalent) Murabaha term facility and a senior secured dual-currency (USD and SAR) US$150 million (equivalent) revolving Murabaha facility.
Representation of SACE and the Finance Parties in connection with a SACE supported USD term facility for the Government of Sharjah, acting through the Sharjah Finance Department.
Representation of the heirs of Abdul Latif Ibrahim Galadari in connection with the acquisition finance facility for the 58.5% stake in Galadari Brothers Co LLC, a diversified business conglomerate with operations spread across multiple business verticals. The AED1.675bn 3-month Bridge Loan with a take-out under a 10-year term and 5-Year bank guaranteed deferred payment facility was one of the largest acquisition finance transactions in the region (Local Currency Deal of the Year 2018, Bond, Loans & Sukuk Middle East).
Representation of a leading regional cable and wire manufacturer in connection with: (i) the standstill arrangements relating to; and (ii) the restructuring of, its existing SAR 307 million Islamic term and working capital facility agreements.
Representation of HSBC and SACE in connection with an ECA backed financing to Sharjah Electricity and Water Authority.
Representation of Standard Chartered Bank in connection with a US$200 million financing to United Energy Group; a Hong Kong based upstream oil & gas group with investments across Pakistan.
Representation of Standard Chartered Bank as lead arranger in connection with a US$95 million senior secured borrowing base facility provided to Bow Energy Resources Pakistan Limited.
Representation of Nomura as arranger and lender in connection with a US$100 million conventional and US$100 million Sharia-compliant syndicated facilities to a large regional corporate.
Representation of a large regional real estate developer with respect to its Sharia-compliant senior and mezzanine facilities.
Representation of a large regional corporate in connection with two AED574 million term facility agreements.
