Ibrahim Soumrany is a partner in the Dubai and Riyadh offices of Gibson, Dunn and Crutcher and is a member of the firm’s Capital Markets practice group.
Ibrahim’s capital markets experience includes advising public and private issuers and investment banks on a broad range of capital markets transactions including equity offerings (IPOs and secondary offerings) and debt offerings (conventional and Islamic). Ibrahim has extensive experience advising on transactions across a number of jurisdictions in the Middle East, the US and Europe. Ibrahim also regularly advises on public M&As as well as companies and their boards on listing requirements, securities and corporate governance matters and reporting obligations.
Ibrahim previously worked in the New York, London and Riyadh offices of leading US law firms, where he advised international financial institutions and companies on capital markets, M&A and leveraged finance transactions, including IPOs, high yield debt offerings, Rule 144A/Regulation S offerings and acquisition financings.
Ibrahim is ranked by Chambers Global as up and coming for Capital Markets: Equity in the United Arab Emirates.
Ibrahim was a J. William Fulbright Scholar in Washington, DC for the year 2010-2011.
Representative Experience*
- J.P. Morgan Saudi Arabia, Goldman Sachs Saudi Arabia, SNB Capital and EFG Hermes Saudi Arabia as joint global coordinators, financial advisors and underwriters, and HSBC Saudi Arabia, SFC Capital, GIB Capital and AlRajhi Capital as bookrunners and underwriters, on the US$ 1.2 Billion IPO of ADES Holding Company, a leading oil and gas drilling services provider in the MENA region, and the listing of its share on the Main Market of the Saudi Stock Exchange.
- FIVE Holdings (BVI) Limited, a vertically integrated hospitality group operating luxury hotels primarily in Dubai on its debut Reg S / Rule 144A bond offering of US$350 million 9.375% Senior Secured Guaranteed Green Notes.
- Saudi Fransi Capital and J.P. Morgan Saudi Arabia Company as joint financial advisors, joint bookrunners and joint underwriters, Saudi Fransi Capital as lead manager and AlRajhi Capital Company as joint bookrunner and joint underwriter on IPO of Jamjoom Pharmaceuticals Factory Company.
- Abu Dhabi Commercial Bank, EFG-Hermes and Emirates NBD Capital as joint global coordinators on the IPO of Al Ansari Financial Services PJSC (Al Ansari), on the DFM.
- Saudi Aramco on the US$1.3 billion IPO of its subsidiary, Saudi Aramco Base Oil Company(Luberef) on the Main Market of the Saudi Stock Exchange.
- Riyadh Cables Group on its US$378 million IPO on the Main Market of the Saudi Stock Exchange.
- Taaleem Holding on its US$200 million IPO on the Dubai Financial Market (DFM).
- Perfect Presentation on its U$200 million IPO on the Main Market of the Saudi Stock Exchange.
- Empower on its US$700 million IPO on the Dubai Financial Market (DFM).
- Borealis as selling shareholder in connection with the US$2 billion IPO of Borouge on the Abu Dhabi Exchange (ADX), a JV between Borealis and ADNOC.
- DEWA on its US$6.1 billion IPO on the DFM, the largest ever IPO in the UAE.
- HSBC Saudi Arabia as Lead Manager, Financial Advisor, Bookrunner and Underwriter on the US$320 million IPO of Alamar Foods Company (the master franchisor of Dominos and Dunkin Donuts in MENA) on the Main Market of the Saudi. Stock Exchange.
- HSBC Saudi Arabia, SNB Capital Company as Financial Advisors and Co-underwriters, in relation to the US$1.36 billion IPO of AlNahdi Medical Company on the Main Market of the Saudi Stock Exchange.
- Mubadala in relation to its US$281 million global Reg S secondary offering of its shares held in Cosmo Energy Holdings, one of the largest, fully integrated oil refining and marketing companies in Japan.
- stc on a sell-down by the Public Investment Fund (PIF) of six percent of stc’s share capital worth US$ 3.2 billion, through a Reg S/144A FMO.
- The Underwriters and Bookrunners in relation to the US$400 million IPO of Arabian Contracting Services Company (Al Arabia) on the Main Market of the Saudi Stock Exchange.
- Nayifat Finance Company (Nayifat) on its US$317 million global Reg S IPO on the Main Market of the Saudi Stock Exchange.
- HSBC Saudi Arabia, Morgan Stanley Saudi Arabia and SNB Capital Company as Financial Advisors and Co-Underwriters in relation to the US$ 966.4 million IPO of Solutions by stc on the Main Market of the Saudi Stock Exchange.
- Fawaz Alhokair Group's Arabian Centres Company (ACC), the owner, developer and operator of shopping centres, on its follow-on Reg S/Rule 144A US$225 million Sukuk tap issuance.
- Saudi Arabian Oil Company (Saudi Aramco) on the establishment of its Trust Certificate Issuance Programme and inaugural Reg S/Rule 144A US$6 billion triple tranche Sukuk issuance thereunder. The offering, which has attracted more than US$60 billion in orders represented the largest Sukuk offering undertaken by a corporate.
- Saudi Arabian Oil Company (Saudi Aramco) on the update to its Rule 144A/Regulation S Global Medium Term Note Programme and the issuance of US$8 billion of notes thereunder.
- Goldman Sachs, J.P. Morgan, GIB Capital and NCB Capital Company as bookrunners and underwriters, in relation to the US$585 million global Reg S IPO of Bindawood Holding Company on the Saudi Stock Exchange.
- Saudi Arabian Oil Company (Saudi Aramco) on its US$29.4 billion IPO — the world's largest IPO to date.
- Deutsche Bank as depositary on numerous ADR issuances in connection with US offerings.
- The underwriters led by Barclays, J.P. Morgan and Goldman Sachs on the £306 million(approximately US$400 million) IPO of Finablr PLC on the London Stock Exchange
- Saudi Arabian Oil Company (Saudi Aramco) on its US$69.1 billion acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF). The transaction was named "M&A Deal of the Year (Over US$50 billion)" by the M&A Advisor (2020).
- RBC Capital Markets, Credit Suisse, Barclays, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, Morgan Stanley and Goldman Sachs & Co. LLC in connection with a US$1.15 billion senior unsecured bridge facility and related US$1.15 billion senior notes offering by Olympus Merger Sub, Inc. used to finance the acquisition of West Corporation by Apollo and related notes tender offer.
- Jefferies in connection with a US$375 million senior secured senior notes offering by Canyon Resource Holdings, LLC and Canyon Finance Corp. LLC.
- A leading US investment bank in connection with a US$750 million secured royalty backed structured notes offering by a large US retail company.
- American Airlines in its US$500 million senior notes Offering.
- Several banks in connection with senior unsecured bridge facilities and related senior notes offerings in relation to several acquisition financings.
- BCP Partners and the Canada Pension Plan Investment Board on the IPO of Altice on the NYSE.
- The Capital Market Authority (CMA) in Saudi Arabia in relation to the redrafting of the public Merger & Acquisition Regulations and the drafting of a number of implementing regulations relating to the New Companies Law.
- Middle East Healthcare Company in relation to its US$480 million IPO on the Saudi Stock Exchange (Tadawul).
- Al-Yamamah Steel Industries Company in relation to its US$146 million IPO on the Saudi Stock Exchange (Tadawul).
- The Saudi Arabian Mining Company (Ma'aden) on its US$1.5 billion capital increase by way of rights issue.
- The National Commercial Bank (NCB) on its US$6 billion initial public offering (IPO) and listing on the Saudi Stock Exchange (Tadawul)— the largest equity offering in Saudi Arabia, and the second largest IPO globally in 2014.
*Includes representations prior to joining Gibson, Dunn & Crutcher
Capabilities
- Capital Markets
- Energy and Infrastructure
- Financial Institutions
- Mergers and Acquisitions
- Oil and Gas
- Power and Renewables
- Private Equity
- Securities Regulation and Corporate Governance
Credentials
Education:
- Georgetown University - 2011 Master of Laws (LL.M.)
- Saint Joseph University - Beirut - 2006 Master en Droit
- Saint Joseph University - Beirut - 2004 Bachelor of Laws (LL.B.)
Admissions:
- Lebanon - Beirut Bar Association
- New York Bar