Call us on
+44 (0) 207 045 0920

Developing projects amidst ratings downgrades and falling oil price: How to make projects bankable in oil-reliant economies

Broadcast on Oct 13, 2020 from Livestream: Project, ECA & Structured Finance MENA 2020 - Virtual Conference

Gold Sponsor

SMBC

Industry Sponsor

ACWA Power

Silver Sponsor

Deloitte

Bronze Sponsor

Fitch Ratings

Bronze Sponsor

UK Export Finance

Subscribe for access:

Developing projects amidst ratings downgrades and falling oil price: How to make projects bankable in oil-reliant economies

  • What are the opportunities for project investors in Bahrain and Oman?
  • Countering COVID, ratings downgrades and lower oil price: How can sponsors and developers mitigate risk to successfully develop projects?
  • PPPs in Oman & Bahrain: How are projects going to be developed, delivered, and financed?
  • Structuring deals: What are the financing options? What guarantees are lenders and investors after? How explicit do government guarantees need to be?
Middle East

Moderator

Nacer Bouhitem

Nacer Bouhitem

Nacer Bouhitem

Investment Director at Aberdeen Standard Investcorp Infrastructure Partners

Aberdeen Standard Investcorp Infrastructure Partners

Speakers

Nicolas Thevenot

Nicolas Thevenot

Managing Director and Head of Corporate Banking

Arab Petroleum Investments Corporation (APICORP)

Nicolas Thevenot

Nicolas Thevenot

Managing Director and Head of Corporate Banking at Arab Petroleum Investments Corporation (APICORP)

Arab Petroleum Investments Corporation (APICORP)

Abraham Akkawi

Abraham Akkawi

Abraham Akkawi

PPP Advisor at Ministry of Finance, Oman

Ministry of Finance, Oman

Loay Ghazaleh

Loay Ghazaleh

Advisor, Major Infrastructure and PPP

Ministry of Works, Bahrain

Loay Ghazaleh

Loay Ghazaleh

Advisor, Major Infrastructure and PPP at Ministry of Works, Bahrain

Ministry of Works, Bahrain

Umer Ahmad

Umer Ahmad

Umer Ahmad

Director, Investments at Equitix (co-manager of the Rakiza Fund)

With 20 years' experience in infrastructure, energy, PPP & project finance internationally, Umer has led many financing & advisory businesses. He spent the first 12 years of his career in London as a project finance banker (debt and equity) lending and investing into projects (including having been a Director at Barclays where he spent 7 years). Thereafter he has been in the Middle East for 8 years, spending several years in advisory (including being Head of Deloitte’s P&IF advisory team across the Middle East), prior to returning to being a principal. Currently, he leads Equitix’s investment activities in Rakiza, an infrastructure equity fund focused on Oman & the MENAT Region. Umer’s transaction experience is vast, having been involved in closing around 25 transactions, with an aggregate deal value of well over USD10bn.

Viewed as a leading industry figure, he has twice been invited to preside on the judging panel for IJ Global’s annual awards for the Middle East & Africa. In addition, since 2017 Umer has been a Board Member of the International Project Finance Association's (IPFA) Middle East Branch Council.

Equitix (co-manager of the Rakiza Fund)

Marc de Saint Gerand

Marc de Saint Gerand

Executive Director, Oil & Gas Financing

SMBC

Marc de Saint Gerand

Marc de Saint Gerand

Executive Director, Oil & Gas Financing at SMBC

Marc has 18 years experience in oil and gas finance experience. He had the opportunity to build a strong understanding of the sponsor’s objectives thanks to his work in the Structured Financed team of the Oil Major TOTAL. He then originated and led various arranging and advisory mandates.

Marc has a strong track record in managing schedules and critical paths for advisory projects, organising the due diligence process, advising on consultant selection and preparing and coordinating presentations to sponsor group steering committee. As a deal team leader on flagship transactions Marc has proved to be an efficient project structurer and a trusted financial modeller.

Marc joined from Standard Chartered Bank where he spent 5 years focusing on African and Middle-Eastern Reserves Based Lending and Project Financing. Marc started a City career in 2007 with Merrill Lynch Energy and Power M&A Team, where he was advisor to European Utilities on their external growth in Upstream Gas Projects. Prior to that Marc worked as an economist for TOTAL in Paris and in Doha.

Marc holds an MSc in Public Affairs from Sciences-Po and graduated from the HEC Paris School of Management (HEC). Marc regularly teaches Petroleum Economics at Institut Francais du Petrole (IFP School).

SMBC

Marc de Saint Gerand

With over four centuries of history and rooted in the stability of Japan and growth of Asia, SMBC Group reaches out around the world to provide the advice, connections and support that create value. Our customers in Africa and MENA choose SMBC Group because we offer local knowledge and global expertise.

With one of the most extensive domestic and international branch networks of any Japanese bank, SMBC Group uses the strength of its extensive footprint with powerful capabilities in loan and debt capital markets, project and trade finance, and a wide range of other financial services to deliver customer-focused, integrated solutions.

African & MENA customers benefit from SMBC Group's position as a world leader in loan capital markets bookrunning and arranging of loan facilities, including structuring, pricing, advising, executing and distribution of syndicated loans. A specialist debt capital markets team can provide expert advice and execution in core markets for public and private bond issuance, and offer issuers with guidance through the process from structuring, documentation and legal requirements, to execution of relevant funding solutions and investor relations. Particular focus is dedicated to corporate and structured finance and emerging market benchmark transactions for distribution to an international investor audience.