Sultan is a Partner in our Corporate & Equity Capital Markets practice.

He has broad experience advising clients across a range of sectors on M&A, joint ventures, real estate development and front-end construction, “first of their kind” ECM transactions, and automotive projects.

He has advised on a number of landmark public offerings, record-breaking and innovative construction and real estate development projects, and M&A transactions in Saudi Arabia, and regularly advises local and international clients on corporate and real estate development matters.

Relevant experience

Sultan’s experience includes advising:

• Americana Restaurants PLC in relation to the first-ever concurrent dual IPO and listing on the UAE and KSA stock exchanges;
• The Public Investment Fund and its subsidiary, the King Abdullah Financial District Management and Development Company, on a number of construction, commercial, real estate, finance and corporate matters relating to the King Abdullah Financial District project;
• Qiddiya Investment Company on its SAR 3.75 billion construction contract for Six Flags Riyadh with Bouygues Bâtiment International and Saudi AlMabani General Contractors;
• The Ministry of Finance on the expansion works for the Masjid Al-Haram in Mecca;
• Kolaghassi Development Company on the review and negotiation of legal documentation for Package 5 of the King Salman Park development;
• MBC on the development works for its HQ studios in Riyadh;
• New Jeddah Downtown Company (NJD) across various practices, including corporate and construction;
• Qiddiya Investment Company (QIC) across various practices, including regulatory, corporate and JV, construction and real estate;
• The Public Investment Fund on its secondary public offering of 100,200,000 shares in STC, with an offering size of SAR 12 billion, a “first in the market” transaction;
• The Saudi Arabian Investment Bank on its public offering of treasury shares on Tadawul, following a rights issue mechanism, with an offering size of SAR 1.032 billion, a “first in the market” transaction;
• The Public Investment Fund in relation to its joint venture with Hon Hai Precision Industry Co. (Foxconn) and launch of CEER;
• AXA Cooperative Insurance on the USD 474.75 million disposal of its business in the Middle East, covering Saudi Arabia, the UAE and Bahrain, to Gulf Insurance Group;
• King Salman International Airport Development Company on the procurement and delivery of key aviation and landside assets, including the Private Aviation Terminal and Hangars, Third Runway and associated taxiway infrastructure, FedEx Cargo facilities, Tier IV Data Centre and air traffic control infrastructure;
• Alpha Capital on the development of a SAR 800+ million mixed-use real estate development in Riyadh;
• NADEC on its acquisition of Al Safi Danone;
• Crédit Agricole Corporate & Investment Bank (CACIB) on the USD 386 million sale of 4% of the share capital of Banque Saudi Fransi (BSF) to two Saudi government-related institutional investors;
• SEVEN on multiple commercial, real estate, media and construction matters, primarily in respect of its entertainment centres, amusement parks and other attractions;
• JP Morgan on the disposal of a 7.49% stake in Saudi Investment Bank for over US$200 million;
• Rexel, the listed French company, on its Saudi business acquisitions and joint venture arrangements;
• Bawan on its acquisition of 100% of the share capital of Arnon Plastic Industries Company Limited;
• The Saudi Government in respect of its purchase of COVID-19 vaccines from several manufacturers;
• Crédit Agricole Corporate & Investment Bank (CACIB) on the USD 496 million sale of 4.9% of the share capital of Banque Saudi Fransi (BSF);
• The Public Investment Fund in relation to the establishment of an international investment fund;
• The Public Investment Fund in relation to the acquisition of a series of hospitality assets in KSA;
• Crédit Agricole on the disposal of a 10% stake in Banque Saudi Fransi to the Ripplewood consortium and Olayan;
• Northern Trust, Citi, National Bank of Kuwait and others on the establishment and ongoing operations of authorised persons in Saudi Arabia; and
• Alinma Capital on the launch of a real estate fund.

Awards & Recognition

• IFLR1000 Middle East
  • Rising Star
• Legal 500 2025 – Projects & Energy, Saudi Arabia
  • “Sultan AlFayez is calm, balanced and very dependable head on giga project issues.”

Career & Qualifications:

• AS&H Clifford Chance, Partner 2025 – to date
• AS&H Clifford Chance, Counsel 2024 – to 2025
• AS&H Clifford Chance, Senior Associate 2021 – to 2024
• AS&H Clifford Chance, Associate 2017 – 2021
• Ali Sharif Zu’bi Advocates & Legal Consultants (Jordan) 2014 – 201

Professional Registration:

• Jordanian Bar

Education:

• LLB, LPC