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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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A complete spectrum of legal services across jurisdictions in the Middle East & North Africa.
Biography
Maria Drenova is an Associate in the Banking and Finance practice in Dubai. Maria is a solicitor admitted in England and Wales as well as an advocate admitted in Greece.
Prior to joining Al Tamimi Maria worked at one of the leading law firms in Athens prior to joining the London office of a global law firm. In addition, Maria has a depth of knowledge of the construction sector having worked at one of the leading European and GCC construction companies, providing her with invaluable insight into the delivery of excellent client service.
Recent Experience
- Acting for a major GCC lender on the update of its template loan & security documentation.
- Acting for the borrower on its $35,000,000 uncommitted transactional trade finance facility. Responsible for reviewing the loan and security documentation.
- Advising foreign financial institutions on conduct of business guidelines on a cross border basis in the UAE.
- Acting for a major US financial institution on the purchase of a portfolio over US$850,000,000 of performing and non-performing shipping loans from a European lender. Responsible for conducting several aspects of the due diligence process and drafting the due diligence report.
- Assisting for on a series of facility agreements financing the acquisition of vessels. Responsible for drafting key transaction documentation.
- Assisting the largest U.S. based owner of Handymax dry bulk vessels on a number of sale and purchases of vessels.
- Reviewing tender and contractual documents for new construction projects in GCC, working with the commercial/technical department to identify and assess legal and commercial risks and propose risk mitigants.
Language(s)
- English
- Greek
- Albanian
Education
2010 – Bachelors of Law, University of Athens
2013 – M.Sc. in Banking and Finance Law, University of Piraeus
Admission
2017 – England & Wales, Solicitor
2012 – Piraeus Bar, Advocate
Practice(s)
Sector(s)
Insights
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