Banking & Finance

The Leaders In Banking & Finance Law

Banking and Finance Legal Expertise in Saudi Arabia

Offices in Jeddah, Riyadh, and Dammam

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.

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.

Navigate Rapidly Evolving Regulations in Banking and Finance

Change and inviting environ 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 favoured 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)[Link to ADR page], and litigation[Link to litigation page] to protect your interests.

About Our Banking and Finance Practice Group

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:

  • Using our commercial bank financing expertise to guide a consortium comprised of Japanese multinationals on its bid for the USD $3 billion Marafiq power and desalination projects.
  • Advising Sumitomo Chemicals on the development and project financing of the Rabigh Refining and Petrochemical Complex in Saudi Arabia, with an estimated project cost of USD $9.8 billion and a scope including captive independent water, steam, and power projects.
  • Representing a banking group comprised of leading local and international banks on an innovative “Musharaka Mutanaqisa” securitization facility for a Saudi corporate entity.
  • Working on several major GCC debt restructurings and related transactions.
  • Advising BNP Paribas on various lending banking transactions with Saudi clients.
  • Representing a major Bahraini investment bank on a USD $280 million acquisition of a Saudi joint stock company.

Contact Our Legal Team

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.

Key Contacts

Dr. Belal T. Al Ghazzawi

Dr. Belal T. Al Ghazzawi

Senior Managing Partner

Hussam T. Al Ghazzawi

Hussam T. Al Ghazzawi

Managing Partner


Read Our Latest Updates on the Kingdom’s Laws & Regulations

Comparison of Important Provisions Under the Two Procedural Laws in Saudi Arabia

Procedural Laws play a vital role in the judiciary and administration of justice. Good knowledge and insight into procedural laws are essential to take the right steps and decisions for…

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Regulatory Frameworks of Companies Under Saudi Companies Law

Early 2023 will bring about new changes in The Kingdom’s corporate landscape as the New Companies Law, approved by the Saudi Cabinet of Ministers, comes into effect in January. The…

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New Mandatory Surveillance Camera System Law in Saudi Arabia

A new law governing the use of surveillance cameras in the Kingdom has been approved by the Council of Ministers, headed by King Salman. Pursuant to Royal Decree No: 164…

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Major Provisions and Changes in Saudi Arabia’s Law of Evidence

Continuing with reforms in judiciary and in line with Vision # 2030, Saudi Arabia promulgated the Law of Evidences on 2 January, 2022 which was published in the official gazette…

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Saudi Arabia – Rules for Setting Up of Foreign Law Firms (Draft for Public Consultation)

Following the issuance of the Council of Ministers’ Decree which allows the foreign law firm to set up offices in Saudi Arabia (with certain conditions and requirements), the Ministry of…

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Let's Work Together

Let us help you conduct business with confidence. Contact our legal team today for immediate assistance.

Looking to Establish a Business in Saudi Arabia?

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.

Offices Across The Kingdom

Dammam Office

AlGhazzawi Business Tower, 8th Floor
Prince Muhammad Street
P.O. Box 381, Dammam 31411
T: +966 13 8331611
F: +966 13 8331981

Jeddah Office

Jeddah Commercial Centre, 3rd Floor
Al Maady Street, Corniche Al Hamra
P.O. Box 7346, Jeddah 21462
T: +966 12 6531576
F: +966 12 6532612

Riyadh Office

King Faisal Foundation, North Tower, 4th Floor
King Fahd Road
P.O. Box 9029, Riyadh 11413
T: +966 11 4632374
F: +966 11 4627566