Lovells prepares for Saudi launch

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  • I wonder who Lovells have tied up with? I would be very surprised if any of the well established independent local firms would want have anything to do with them.

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  • Any firm in the Gulf without Saudi on its radar is deluding itself. This is a predictable move by one of the more reputable international players that joined the Dubai gold rush and will likely seek to leverage off their stellar reputation for Islamic finance and capital markets.

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  • Anonymous, 10:08 am: what makes you say that?

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  • Unless one of the Magic Circle or Wall St heavyweights comes along, it not in the interests of any of the leading Saudi firms to enter into an exclusive relationship. Lovells (even with its strong Islamic finance practice) and other similar firms will find it hard to sign up a leading local firm without paying a hefty subsidy otherwise the local firm will not be able to make up the loss of referrals from other international firms. It will be interesting to see if Lovells go for Riyadh or Jeddah (or both).

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  • Lovells are "likely to leverage off their stellar reputation for Islamic finance and capital markets"?? Are you sure you are talking about the right firm?

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  • good move by (silly comments below aside) a good firm. the saudi market needs to be shaken up

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  • NOT just another western firm opening in Saudi - Lovells will bring some heavyweight sophisticated Islamic finance experience to Saudi. these guys are super at Sukuks, even the competition will acknowledge that...a welcome addition to the Saudi market!

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