Case Studies
Six engagements. The work behind the reputation.
The cases below are anonymised engagements and evidence-anchored illustrations of recurring patterns LMA handles. Client names are replaced with project codenames; structural detail and regulatory references (SAMA, UAE Central Bank, CMA, NEPRA, the UAE Financial Restructuring and Bankruptcy Law, AAOIFI standards) are preserved so counterparts can recognise the situation — not the sponsor. The full reference list is available under NDA.
Power & Energy · KSA
SAR 356MProject Thuraya
A Saudi industrial family opens its first line of non-Saudi credit
Arranged a SAR 356M cross-border project facility for a Saudi family-owned transmission group — the client's first international bank line, structured to fund multi-year capex against construction milestones under the Kingdom's Private Sector Participation framework.
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Marine & Shipbuilding · Abu Dhabi, UAE
AED 200MProject Dhow
A strategic Abu Dhabi shipyard unlocks its first institutional credit line
Structured AED 200M of expansion and working capital for an Abu Dhabi shipbuilding platform of national relevance — the client's first institutional facility, secured against vessel hull collateral with an asset-valuation methodology acceptable to UAE Central Bank prudential treatment.
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Logistics · KSA
Pre-IPO ValuationProject Rihla
An independent valuation that held when the IPO priced
Delivered shareholder-facing independent valuation and sell-side due-diligence ahead of a Saudi logistics listing on the Tadawul Nomu parallel market. The subsequent offering price validated LMA's analytical framework — in a 2024-2025 window when several logistics candidates on Nomu withdrew due to insufficient subscription coverage.
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Hospitality & Real Estate · MENA
ConfidentialProject Amber
Restructuring a distressed hospitality portfolio after the pandemic
Negotiated a multi-lender covenant reset and amortisation re-profile for a MENA hospitality portfolio caught between a pandemic-era underwriting case and the 2023-2024 higher-for-longer rate environment — preserving sponsor equity under what has since become the UAE Federal Decree-Law No. 51 of 2023 (Financial Restructuring and Bankruptcy Law, in force 1 May 2024).
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Manufacturing · MENA
AED 200MProject Falak
A turnaround financing that let a manufacturer reset
Arranged AED 200M of project and working-capital funding to enable the operational restart and structured repayment of legacy obligations for a MENA manufacturer emerging from multi-year losses — in a 2023-2024 rate environment where conventional lenders had retreated from mid-market turnaround situations.
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Power & Energy · KSA / Pakistan
USD 180MProject Noor
An independent power developer crosses the regulatory chasm
Advised an independent power developer on the regulatory-architecture work for a cross-border project finance package — navigating NEPRA tariff methodology under Pakistan's Generation Policy framework alongside KSA regulatory alignment, with a PPA drafted to survive both reviews.
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