As noted by IFLR, the firm's "impressive track record over the review period sees it feature across numerous deal shortlists, attesting to the breadth and depth of its expertise. Its work on the SAIB rights issuance impressed, the first rights issuance to take place in Saudi Arabia and required a framework to be designed from scratch. It also played key roles on deals such as the stc follow-on offering, ACWA IPO, Red Sea development financing and Saudi Aramco’s revolving credit facility."

Additionally, AS&H senior associate Sultan Fahad AlFayez won a Rising Star of the Year award, where clients noted his performance on stc’s follow-on offering.

Clifford Chance also enjoyed a successful evening winning the International Law Firm of the Year, Restructuring Team of the Year and Equity Team of the Year awards, in addition to five deal and individual awards.

The ceremony was held at the Mandarin Oriential in Dubai and was attended by senior industry professionals from across the Middle East.