STAT advised the Capital Market Authority on drafting the Close-out Netting and Related Collateral Arrangements Regulation, enhancing Saudi Arabia’s capital markets legal framework.

STAT is pleased to announce that Ruba Alharthi has rejoined the firm as Counsel, bringing extensive experience in project development, finance, and cross-border transactions.

STAT advised the Saudi Central Bank (SAMA) on drafting the Close-out Netting and Related Collateral Arrangements Regulation, published as a key milestone for Saudi Arabia’s financial markets and announced at the Capital Markets Forum 2025 in Riyadh.

STAT advised the Tourism Development Fund and Riyad Bank on a Shariah-compliant financing agreement with Dana Bay Tourism Company for the development of a luxury mixed-use beach resort in Saudi Arabia’s Eastern Province.

STAT advised Bank AlJazira on its second issuance of up to SAR 1,000,000,000 Sukuk under its perpetual Additional Tier 1 Capital Sukuk Programme, offered by private placement in the Saudi market.

STAT advised Al Khair Capital Saudi Arabia Company on the SAR500,000,000 Sukuk Issuance Programme for Aqaseem Factory for Chemicals and Plastics, recently approved by the CMA as the second public Sukuk under the new regulations.

STAT advised The Saudi National Bank and the Saudi Banking Treasury Group, with oversight from the Saudi Central Bank (SAMA), on the development and implementation of Shariah compliant structuring solutions for IBOR migration in Saudi Arabia, including legal frameworks and contractual documentation to support the sector’s transition under regulatory reforms.

STAT advised Al Khair Capital Saudi Arabia Company as Sole Arranger, Dealer, and Financial Advisor on the establishment and CMA approval of a SAR 500,000,000 Sukuk Issuance Programme for Rawasi Al Bina Investment Company, one of the first public Sukuk programmes approved under the updated regulations.

STAT announces the promotion of partners and counsel and the recent hiring of senior attorneys in the Capital Markets and Banking and Finance teams.

STAT Law Firm acted to Morabaha Marina Financing Company in relation to the update of its SAR 400,000,000 Sukuk Insurance Programme (the “Programme”) and its second issuance there under of SAR 80,000,000 Fixed Rate Amortising Sukuk due 2022.