IFLR Middle East Awards 2026 Shortlist Names A&O Shearman, White & Case and Linklaters Across Regional Debt Capital Markets
The IFLR Middle East Awards 2026 shortlist names A&O Shearman, White & Case, and Linklaters across multiple debt capital markets and sukuk categories. Shortlisted transactions include the Saudi Real Estate Refinance Company RMBS Sukuk and the Kingdom of Saudi Arabia Sukuk issuance, with HSBC named as in-house counsel on both. Baker McKenzie and Freshfields appear in the Domestic category for the Gulf Navigation / Brooge Petroleum deal, alongside Hadef & Partners, Ibrahim N Partners, and Pinsent Masons. White & Case is sole adviser on the Sagasse Investment Company Direct Listing. The awards cover equity, debt, loan, and domestic deal categories across the Middle East region.
Why this matters
The shortlist signals continued appetite for sukuk issuance and structured finance in the Gulf, with sovereign and quasi-sovereign borrowers driving deal flow. Concentration of Magic Circle and major US firms across multiple categories reflects the cross-border nature of regional capital markets mandates. The RMBS sukuk category specifically points to a maturing securitisation market in Saudi Arabia.
On the Ground
Capital markets and Islamic finance practice groups are active on Gulf mandates. Trainees on these deals would assist with prospectus review, regulatory filing preparation, and coordinating between onshore local counsel and offshore advisers. The breadth of law firms shortlisted, spanning Magic Circle, US firms, and regional specialists, signals strong competition for cross-border Gulf mandates.
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