Ashish Banga

Saudi Arabia: Transformation of the Kingdom

Welcome to the Saudi Arabia focus edition of Law Update.

One of the key markets in the Middle East and North Africa (MENA) that continues to lead from the front is the Kingdom of Saudi Arabia (KSA). As the largest country in the Middle East and the 18th largest economy in the world, the progress KSA continues to make is underpinned by its Vision 2030 that envisions developing the country as an investment powerhouse and hub that ultimately connects Asia, Europe, and Africa. Given Saudi Arabia’s significance to the regional economy, our team of experts have prepared a range of pertinent articles that provide insights into new laws, regulations, and the legal landscape in the Kingdom.

This edition will provide you with an up-to-date guide on matters such as; the framework issued by the Saudi Central Bank on IT governance, the anti-corruption landscape under Vision 2030; we also provide practical tips for dispute avoidance. This is only a snapshot; there are many more articles within the KSA focus section for you to read, which we hope you will find valuable and enjoyable.

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The leading law firm in the Middle East & North Africa region.

Ashish Banga

Senior Associate

Biography

Ashish Banga is Senior Associate in the Banking and Finance department at Al Tamimi & Company. He has experience in the area of banking and finance, particularly acting for banks and corporate borrowers in Asia Pacific including India and in the Middle East region for financing transactions.

Since joining Al Tamimi & Company, Ashish has been involved in wide areas of banking and finance in the Middle East including bi-lateral and syndicated lending transactions, guarantee and security documentation and trade financing documentation.

Recent Experience

Lenders in connection with 350 MW Sweihan PV IPP as UAE Counsel in 2017;
An Abu Dhabi based bank in connection with AED 420 million term loan facilities for development of hospitals in 2017;
A syndicate of Abu Dhabi banks in connection with AED 100 million facility for purchase of shares in a media and technology company in 2016;
An Abu Dhabi based bank in connection with AED 450 million facility for financing of a hotel in Dubai in 2016;
An India based bank for securing approximately AED 128 million financing for an Indian private school in Abu Dhabi in 2016; and
An Abu Dhabi based bank for a AED 600 million facility for a refinancing transaction of a hotel group in 2015.