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Sponsors, banks or capital markets: Where will project risk be (re)allocated post-COVID19?

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

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Sponsors, banks or capital markets: Where will project risk be (re)allocated post-COVID19?

  • Which sponsors and financing partners have greatest appetite for project risk?
  • What are the financing options for sponsors looking to develop projects today?
  • What guarantees do different parties want?
    • What are the risk mitigation mechanisms available?
  • Can they be inserted into contracts that have not yet reached financial close?
  • What are the premiums on project insurance?
  • How is a second wave of COVID being incorporated into covenants now?
  • What are DFIs, IFIs and ECAs doing to de-risk projects?
Middle East

Moderator

Frank Beckers

Frank Beckers

Managing Partner

Symbulos

Frank Beckers

Frank Beckers

Managing Partner at Symbulos

Symbulos

Speakers

Leslie Abraham

Leslie Abraham

Executive Manager, Acquisitions & Project Finance Department

ACWA Power

Leslie Abraham

Leslie Abraham

Executive Manager, Acquisitions & Project Finance Department at ACWA Power

Leslie Abraham has 9 years of experience developing and financial structuring for power projects. He has been with ACWA Power since 2012 where he has participated in a broad number of project financings and equity transactions across Jordan, Oman, Saudi Arabia and the UAE. Prior to that he worked for SunEdison participating in acquisition, development and financings of solar photovoltaic projects in India, Thailand and South Africa.

ACWA Power

Leslie Abraham
Danish Samad

Danish Samad

Group Treasurer & Director of Investments

Emaar Saudi Arabia

Danish Samad

Danish Samad

Group Treasurer & Director of Investments at Emaar Saudi Arabia

Over 25 years experience with Citi and Samba Financial Group across Corporate and Treasury functions. Instrumental in helping and setting various SBUs within organization. Currently Group Treasurer and Director of Emaar Economic City, the master developer of largest privately funded City - King Abdullah Economic City (KAEC). Wealth of experience in treasury products and managing Corporate Treasury. Has been instrumental in raising short and long term general and corporate funding for the company. Coach, advisor, public speaker and strategist with exposure to local and international financial markets.

Emaar Saudi Arabia

Khurram Saleem

Khurram Saleem

Executive Director, Project & Export Finance

Standard Chartered

Khurram Saleem

Khurram Saleem

Executive Director, Project & Export Finance at Standard Chartered

Khurram is currently working at Standard Chartered Bank as an Executive Director in Project and Export Finance team covering Middle East, North Africa & Pakistan region. He has over 15 years of banking experience and his primary focus has been on project and export finance across deal structuring, financing, and advisory roles for large scale power, water, renewables, and other infrastructure projects. He has worked on several high profile award winning transactions across the MENAP region which includes development and financing of over 23,000 MW of power generation capacity. Khurram holds a MBA degree from Institute of Business Administration with concentration in Finance.

Standard Chartered

Khurram Saleem
Jan von Allwörden

Jan von Allwörden

Director, International Business

Euler Hermes

Jan von Allwörden

Jan von Allwörden

Director, International Business at Euler Hermes

Jan von Allwörden is head of the department underwriting in the division underwriting & financial risk management at Euler Hermes who handles and administrates the German Export Credit Guarantee system on behalf and on the account of the Federal Republic of Germany. He is more than 30 years with Euler Hermes and has experience in all fields of underwriting like corporate finance, structured and project finance as well as aircraft and ship finance. Here he is responsible for developing and delivering of all types of coverage solutions for the protection of export financing transactions against commercial and political risks.

Jan von Allwoerden holds a degree in business administration from the University of Hamburg and is appointed member of the Executive Management of Euler Hermes.

Euler Hermes

Duncan Allison

Duncan Allison

Managing Director, Head of Power & Infrastructure

SMBC

Duncan Allison

Duncan Allison

Managing Director, Head of Power & Infrastructure at SMBC

Duncan Allison, Head of Power and Infrastructure - SMBC Dubai

Duncan Allison has been a project financier for over thirty years and based in the Middle East from 2004. Over this time he has led procurement advisory teams that have procured and financed over USD 20bn of projects and has acted as a procurement advisor for the Governments of Abu Dhabi, Bahrain, Dubai, Kuwait, Morocco, Qatar, and Saudi Arabia . He was financial advisor to Abu Dhabi Water and Electricity Authority on nine successive major procurements between 2004 and 2015. He led the advisory team that structured the original regulatory and structural regimes that forms the basis of limited recourse financing in Dubai. He led the Ministry of Finance Bahrain, advisory team for the Muharaaq wastewater project and is working on a number of initiatives in the waste to energy sector.

In addition to government procurement , Duncan has led bid advisory assignments for clients such as Marubeni, Kepco, Sojitz, Mubadala, Masdar, Harbin Electric, Sepco III, EDF , Sembcorp and Petronas.

SMBC has financed over 200 projects in the MENA region of which over 30 are IPP or IWPs.

Duncan Allison recently joined SMBC as Head of Power and Infrastructure in an exciting new initiative to create a market leading advisory team in Dubai. The team is formed by combining critical new hires with transferring very senior existing resource from London and builds on the existing strong teams in London and Asia

SMBC

Duncan Allison

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.