Mohsin Iqbal
Overview
Mohsin Iqbal is a debt finance partner in the Riyadh office of Kirkland & Ellis International Law Firm.
He has extensive experience advising on regional conventional debt finance, project finance, Islamic finance (including sukuk), acquisition finance and restructuring matters spanning over 15 years across the GCC region, having previously been based in Dubai, UAE and Doha, Qatar. Mohsin is regarded as a trusted advisor by key players in the debt finance community in the Kingdom of Saudi Arabia. He has led teams advising on award winning debt finance transactions in the Kingdom including representing the debt finance providers on each of Food Security Holding’s financing in connection with the Second Milling Company privatisation by the Saudi Grains Organisation (SAGO) / National Centre for Privatization and PPP (NCP) and Jebel Omar Development Company’s Phase III refinancing guaranteed by the Saudi Ministry of Finance (awarded KSA Corporate Finance Deal of the Year and KSA Restructuring Deal of the Year, respectively by Islamic Finance News).
Experience
Representative Matters
Prior to joining Kirkland, Mohsin’s relevant experience included:
- HSBC and SAB as Murabaha finance providers to the successful bidding consortium on Phase 2 of the SAR 2.13 billion privatization of the Second Milling Company by the SAGO and NCP
- BSF on its SAR 1.6 billion Murabaha financing for Jabal Omar Development Company in connection with Phase 3 of the Jabal Omar Development Project in Makkah in the Kingdom of Saudi Arabia
- Banks (GIB and BSF) in connection with a SAR 573.75 million limited recourse Murabaha-based facility for a leading private equity sponsor’s acquisition of a leading KSA information technology business
- Senior lenders in connection with the US$245 million financing of the Dammam West independent sewage treatment plant in Dammam, Kingdom of Saudi Arabia
- Advising a leading Saudi aquaculture business on its multi-million-dollar debt restructuring
- Saudi Arabian Mining Company (Ma’aden) in relation to the multi-tranche integrated project financing of a rolling mill in the Kingdom of Saudi Arabia
- BSF in connection with a SAR 600 million Murabaha-based structured equity bridge financing (sukuk take-out and conversion to equity) for Tadawul Real Estate Company
- Arab National Bank in connection with a US$100 million Murabaha-based dividend recapitalization facility for Alif Segregated Portfolio Company
- Al-Babtain Group as obligor on the SAR 100 million dividend recapitalization and SAR 158 million acquisition facilities arranged by BSF
- Manhattan Capital as obligor in connection with a US$18 million private-credit Murabaha facility arranged by NBK Capital Partners to acquire educational assets in the Kingdom of Saudi Arabia
- Mandated export credit agencies on the proposed multi-billion-dollar project financing of a petrochemical complex in Ras Laffan, Qatar
- Q-Chem II on all aspects of the development and financing of an approximately US$2 billion HDPE and Alpha Olefins project in Mesaieed, Qatar
- Qatar Energy as sponsor / provider of completion support in relation to the third and final phase of a US$10 billion financing program of Ras Laffan Liquefied Natural Gas Company Limited (II) and (3)
- Leading military group holding company in connection with its AED 2.5 billion term, revolving and receivables purchase financing arrangements with First Abu Dhabi Bank
- Citibank in connection with US$320 million conventional and Islamic debt facilities arranged for General Atlantic / Warburg Pincus (as sponsors) to fund the acquisition of a leading emerging markets e-payments group
- Underwriters with respect to the US$4 billion sovereign Sukuk issued by the State of Qatar in 2012.
- The State of Qatar, acting through the Ministry of Economy and Finance in connection with a US$3.5 billion bond offering by Qatari Diar Finance guaranteed by the State of Qatar
- The State of Qatar in connection with its 2009 US$7.0 billion sovereign bond offering
- International Islamic Liquidity Management Corporation in connection with a proposed US$ 500 million Shariah complaint aircraft sukuk with the State of Qatar
- Qatar Holding on its proposed equity investment in, and debt financing for, a London-listed mining company
- Qatar Energy and Mesaieed Petrochemical Holding Company (a Qatar Energy subsidiary) on its full retail IPO and listing on the Qatar Exchange in 2014
Prior Experience
Baker & McKenzie LLP
- Partner, 2017–2022
Latham & Watkins LLP
- Counsel, 2015–2017
- Senior Associate, 2009–2015
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Credentials
Admissions & Qualifications
- 2003, Admitted to practice as a Solicitor of England and Wales
Education
- King's College LondonLL.M., Banking and Finance Law2000
- Queen Mary College, University of LondonLL.B., Law1998