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Deutsche Bank, Qatar National Bank and Emirates NBD Bank - secured syndicated term loan facility for Saudi Oger and Oger Middle East

01 Feb 2013

Slaughter and May advised Deutsche Bank A.G., London Branch, Qatar National Bank S.A.Q. and Emirates NBD Bank P.J.S.C. as initial mandated lead arrangers in connection with a US$1,030,000,000 secured syndicated term loan facility for Saudi Oger Limited and Oger Middle East (Holding) Limited as borrowers under the facility. The facility has a tenor of four years and is secured over certain Jordan-based assets held by the borrowers.

Saudi Oger Limited is a Saudi Arabian company that forms part of a multi-industry conglomerate with extensive operations abroad comprising, amongst other things, construction, engineering, utilities, real estate and telecommunications. Oger Middle East (Holding) Limited is a Lebanese subsidiary of Saudi Oger Limited.

Slaughter and May were supported by Ali Sharif Zu'bi Advocates and Legal Consultants in Jordan, Nabil Abdel-Malek Law Offices in Lebanon and Zeyad S. Khoshaim Law Firm in Saudi Arabia.

Contacts

Financing: Miranda Leung (partner), Ed Fife (partner), Laurie Keel (associate), Edward Comber (associate); Tax: William Watson (partner)

http://www.slaughterandmay.com/news-and-recent-work/recent-work/recent-…

Matter Type
Banking & Finance - Bank Lending/Credit Facilities
Industry
Finance & Banking
News Category
Banking & Finance