Allen & Overy advises on murabaha facilities for Saudi Arabian telecommunications firm

Allen & Overy has advised Deutsche Bank, Crédit Agricole Corporate and Investment Bank and Société Générale as mandated lead arrangers on two murabaha facilities for Mobily, a Saudi Arabian telecommunications firm.

The two facilities were backed separately by Finnvera, the Finnish Export Credit Agency ($280m), and the Swedish Exports Credit Guarantee Board, EKN ($281m), with FEC and SEK respectively providing the funding.

The Allen & Overy team comprised partner Atif Hanif, senior associate Matt North and associate Jon Crookes. Partner Julian Johansen and associate Hosam Ghaith from Zeyad S Khoshaim Law Firm (in association with Allen & Overy) advised the mandated lead arrangers on Saudi law matters.