Dina Elshurafa is a senior associate in the Business and Regulatory Group in London. She concentrates on project and Islamic financings, with a focus on the oil and gas, petrochemical and power sectors.
Dina has particular experience in large multi-sourced oil and gas project financings in the Middle East and Europe. She has advised sponsors and developers as well as commercial banks, multi-lateral agencies, export credit agencies and Islamic financiers in project and international finance. She has worked on ground-breaking Islamic finance deals, including the Sadara Sukuk and Rabigh 2 Islamic financings and the PP11 Islamic refinancing. Dina also spent 10 months at Crédit Agricole CIB as a secondee legal counsel, working closely with the oil and gas, power and infrastructure, structured commodity finance and leveraged finance departments.
Recent Notable Matters
Farabi Petrochemicals Company — SAR 2.5 billion Islamic project financing of a petrochemicals complex in Yanbu, Saudi Arabia*
Turkish lead arrangers — refinancing of the 865 megawatt gas-fired combined-cycle power plant in Gebze, Turkey*
Solör Bioenergy Group — refinancing of NOK 650 million and SEK 950 million senior secured bonds and all existing bank debts for the bank’s Swedish and Norwegian subsidiaries*
Commercial lenders, Islamic financiers and the Export-Import Bank of the United States — refinancing of the Riyadh PP11 Independent Power Project in Saudi Arabia*
Saudi Aramco — $5.2 billion Petro Rabigh Phase 2 refinery and petrochemical expansion project in Saudi Arabia*
Allianz Renewable Energy Fund — acquisition of the Great Glemham solar park in Germany*
European Bank for Reconstruction and Development — trade facilitation program representation*
Lenders, including the commercial banks and the Export-Import Bank of the United States — $2.1 billion financing of Riyadh PP11, a greenfield gas-fired, 1,730 megawatt independent power project in Saudi Arabia*
Saudi Aramco and Dow Chemical Company — Sadara Project joint venture to build and operate a $20 billion world-scale integrated chemicals complex in Jubail Industrial City, Saudi Arabia*
* Work completed prior to Bracewell
Publications and Speeches
“Total Loss in Islamic Project Finance – An End or a New Beginning?” Journal of International Banking and Financial Law, December 2015