Trowers handed bridge finance role

Trowers & Hamlins has firmed up is relationship with Saudi Binladin Group, having scooped a new mandate to advise on the $100m (£51.52m) financing of the Jamarat Bridge project in Saudi Arabia.

Last month Trowers advised the group on the $1bn (£515.2m) expansion of the Mosque of the Prophet in Saudi Arabian city of Medina. The Mosque of the Prophet is generally recognised as the second most important mosque in the Islamic world and contains Mohammed’s tomb.

But the latest appointment proves that Trowers’ bid to develop a close relationship with the Saudi Binladin Group, the Kingdom of Saudi Arabia’s largest construction company and business empire, which is run by the Bin Laden family, is bearing fruit.

The financing, led by Dubai-based partner and head of the Saudi practice Leroy Levy, will comply with sharia law.