Khalid W. Alyafi
Biography
Khalid is a capital markets partner at Baker McKenzie based in Riyadh, where he heads the debt capital markets practice while also advising on equity capital markets transactions. Saudi and New York qualified and having worked, in both Riyadh and London, he brings a rare combination of deep local market knowledge and international capital markets experience.
Khalid began his legal career in Saudi Arabia before spending nearly a decade working in the international capital markets team of a Magic Circle firm in London, advising on landmark transactions such as the Prosus IPO (EUR 120 billion market cap at the time) and the Euronext EUR 1.8 billion rights issue. He has advised on some of the most noteworthy Rule 144A/Reg S Sukuk and bond transactions in the GCC, including on issuances by the Ministry of Finance of Saudi Arabia, the Kingdom of Bahrain, the Emirate of Abu Dhabi, the Saudi Telecom Company and the Saudi Arabian Oil Company (Aramco). Khalid has advised clients on IPOs on the Tadawul main market, London Stock Exchange and Euronext, as well as on dozens of Sukuk and conventional bond issuances in the GCC.
Representative Legal Matters
Equity Capital markets
- Represented Dar Al Balad Business Solutions on its IPO on the Tadawul Main Market.
- Represented the underwriters on the IPO of Dar Al Majed Real Estate Co. (Al Majdiah) on the Tadawul Main Market.
- Represented the underwriters on the IPO of Miahona on the Tadawul Main Market.
- Represented Taiba Investments Company on its acquisition of Dur Hospitality, the largest M&A transaction of two Tadawul listed companies in the Real Estate sector in KSA.
- Represented Naspers and Prosus on the demerger and IPO of Prosus on Euronext Amsterdam and the JSE. At the time of the IPO, Prosus was the largest tech company in Europe, with a valuation of EUR 120.5 billion.
- Represented Euronext on its share capital increase and EUR 1.8 billion Rights Offering in connection with its acquisition of Borsa Italiana from the LSE.
Debt Capital markets
- Represented Abdulsamad Al Quarashi Company (ASQ) on its financial restructuring and issuance of a bespoke private credit Sukuk in the amount of SAR 1 billion.
- Represented the Kingdom of Saudi Arabia in multiple programme updates and international offerings of Notes under its GMTN programme in an aggregate amount of over USD 45 billion and Sukuk under its international Trust Certificates Issuance programme in an aggregate amount of over USD 4 billion.
- Represented the National Bank of Kuwait (NBK) on its international offering of USD 750 million Perpetual Tier 1 Capital Securities.
- Represented the underwriters in connections with the Public Investment Fund’s (PIF) on its debut international bond issuance raising USD 3 billion.
- Represented the underwriters in connection with the establishment of the Saudi Telecom Company’s (STC) USD 5 billion international Sukuk Programme and debut international Sukuk offering of USD 1.25 billion.
- Represented the Emirate of Abu Dhabi in the update of its GMTN Programme and subsequent offerings of Notes in an aggregate amount of USD 10 billion.
Admissions
- Saudi Arabia
- New York~United States
Education
- Georgetown University Law Center (LL.M. in International Business and Economic Law, Certificate in International Arbitration and Dispute Resolution) (2014)
- King Abdulaziz University (Bachelor of Science in Law) (2012)
Languages
- Arabic
- English