Vision 2030 is poised to transform the banking and finance industry, along with many other sectors in the Kingdom. Several large international banks and financial institutions are already expanding their operations here, and recent mega-mergers in the banking sector have made the changes very prominent. As a result, we expect to see a significant impact on debt markets, project financing, and both conventional and Islamic banking.
Rapid progress in financial technology (fintech) is reforming the banking and finance sector worldwide, and Saudi Arabia is no exception. Digital banking and payment solutions are becoming increasingly prevalent, driven by consumer demand for convenience and efficiency. This shift towards digital finance is opening new avenues for growth and innovation.
AlGhazzawi & Partners can help your business make the most of the changing landscape. We have more than 50 years of experience in the Kingdom of Saudi Arabia handling debt finance, banking, and financial transaction matters under both conventional and Islamic law. Our legal team has tackled some of the most complex legal challenges faced by both domestic and foreign-owned companies across a variety of industries and sectors while concluding transactions with banks and financial institutions.
With our Cooperation Agreement with Gowling WLG, we combine our extensive local knowledge with Gowling’s international banking and finance expertise. This allows us to seamlessly serve our clients on multi-jurisdictional matters.
Change and an inviting environment can offer big opportunities in Saudi Arabia. However, taking advantage of those opportunities will require up-to-date knowledge and some adaptation.
Our deep roots in the Kingdom’s banking and finance industry are paired with extensive experience relating to legal entities and structures favored by Islamic banks and Sharia scholars in the Middle East. The combination of knowledge and experience allows us to offer clients practical insights and applications that are compliant with both Sharia practices and the rapidly evolving regulatory environment in the Kingdom. Starting off with the right guidance, thorough analysis, and sound documentation is the best way to avoid future conflicts.
We stay consistently abreast of the changes from both the regulatory and global practice perspectives and put that new information immediately to work for our clients. Should you find yourself in a position of conflict which requires legal support at any time, our team has extensive expertise in Alternative Dispute Resolution (ADR) and litigation to protect your interests.
Our legal team has advised clients on some of the Kingdom’s most complex banking and finance matters, including the rescheduling, restructuring, and securitization of various types of debt. We have also worked extensively on issues within the domain and jurisdiction of the Saudi Arabian Central Bank and have served several top-ranking international banks and financial institutions, gaining ever-deeper insight into the finance industry.
Notable Banking and Finance projects include:
No matter the complexity of your banking and finance-related projects, our legal team has the capabilities and depth to produce results. With offices located in Jeddah, Dammam, and Riyadh, we support domestic and international clients across the Kingdom. Contact us to book a consultation.
Let us help you conduct business with confidence. Contact our legal team today for immediate assistance.
It’s an exciting time to start a new business in the Kingdom. Whether you’re a Saudi national with entrepreneurial ambitions or a foreign company assessing the market, we can help.
It’s an exciting time to do business in the Kingdom. Working with the right law firm makes all the difference. Whether you’re a Saudi national with entrepreneurial ambitions or a foreign company assessing the market, we can help.
