Conyers Dill & Pearman received Overall Deal of the Year and UAE Deal of the Year awards for the establishment of DP World’s US$3 billion sukuk programme, at the 11th annual Islamic Finance News (“IFN”) Awards.
Conyers’ Fawaz Elmalki and Oliver J. Simpson, provided advice to DP World, a leading container terminal operator, on the establishment of a US$3 billion sukuk program listed on the Nasdaq Dubai securities exchange in the DIFC and the London Stock Exchange, as well as the successful first drawdown of US$1.2 billion thereunder.
The certificates were issued by DP World Crescent Limited, an exempted company incorporated in the Cayman Islands, and Conyers acted as Cayman Islands legal counsel, working alongside Clifford Chance as international legal counsel to DP World.
Fawaz Elmalki, Director in the Dubai office said: “We are delighted to receive these two awards for the DP World transaction. This underscores the strength of our Islamic finance and debt capital markets capabilities in the MENA region”.
The IFN Deals of the Year recognise the industry’s most groundbreaking transactions, honouring the best in the Islamic financial industry and are among the most prestigious awards recognised by the global Islamic capital markets.
Conyers’ Dubai office, which marked its 10th anniversary in 2016, which has developed a successful practice that has grown to include a top-tier team of industry-recognised professionals.