is ramping up its successful Saudi Arabian office with two hires aimed at making a push into the corporate market.
The firm has recruited two local lawyers from in-house positions, to be based initially in Dubai with a view to moving to Riyadh.
The lawyers represent Trowers’ first Saudi-based corporate and corporate finance capability, with the firm having focused solely on project finance in the past.
Trowers head of Middle East project finance Leroy Levy said the firm would actively look to tap the rich vein of corporate work available in the country.
“Almost without trying we’ve picked up corporate and corporate finance work on the back of our project finance practice and there’s a heck of a lot of that type of work out there,” Levy said. “Our emphasis will still very much be on project finance, but we’re broadening that to include corporate and corporate finance as well.”
The firm has recruited Saudi national Naeif Rawaf from Riyadh-based investment bank The Capital Group. Rawaf had previously worked with Baker & McKenzie‘s Saudi office before moving in-house, and he specialises in corporate law.
Rami Abu-Ghosh, who specialises in corporate finance, is the firm’s second recruit. Abu-Ghosh, a Jordanian lawyer, joins Trowers from the Amman-headquartered Arab Bank.
Trowers is one of a number of firms looking to bolster its Saudi practice. Another is Allen & Overy, which is planning a Saudi opening after Julian Johansen rejoined the firm as a partner from the Dubai Investment Group, where he was general counsel.