Slaughter and May advised Qatar National Bank S.A.Q in their capacity as the Facility Agent in relation to sale of Arab Bank shares owned by Oger Middle East (Holdings) SAL (“OME”). OME is a subsidiary of Saudi Oger Limited – a company owned by the family of Lebanese Prime Minister-designate, Mr Saad Al-Hariri. The Arab Bank shares were purchased by a consortium of Arab and Jordanian investors led by the chairman of Arab Bank, Mr Sabih T. Masri for USD 1.12 billion.

Contacts

Contacts: Financing: Edward Fife (partner), Ivo Stourton (associate), Matt Twaddle (associate) and Deeksha Sharma (trainee)