Alexander George Malahias

Partner

Areas of Focus

Alexander George Malahias

Partner

amalahias@akingump.com

Areas of Focus

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Biography
  • Experienced corporate partner based in Akin’s Abu Dhabi office.
  • Will co-lead the launch of the firm’s office in Riyadh expected to open later this year.
  • Advises government entities, sponsors, financial institutions, corporate and creditor clients on project finance transactions across Saudi Arabia, the UAE and the wider Middle East region.
  • His practice spans key sectors, including energy transition projects, large-scale tourism and real estate, oil & gas and petrochemicals, power and utilities and infrastructure.
  • Has a track record of advising on numerous first-of-their-kind transactions in the Middle East.

Alex is a partner in the corporate practice based in the Firm’s Abu Dhabi office. He has wide-ranging experience in advising government entities, sponsors, financial institutions, corporate and creditor clients on project finance transactions across Saudi Arabia, the United Arab Emirates (UAE) and the wider Middle East region. His deep-rooted experience and broad sector knowledge make him a trusted advisor to clients both in the region and globally.

Alex’s practice spans a range of key sectors, including:

  • Energy transition projects
  • Oil & gas
  • Petrochemical
  • Power and utilities
  • Infrastructure
  • Tourism
  • Real estate.

With his extensive experience and deep understanding of the Middle East market, Alex is a go-to resource for clients seeking valuable advice and strategic solutions.

Alex has played a pivotal role in advising on numerous groundbreaking first-of-their-kind and award-winning transactions within the Middle East region.

Representative Work
  • Represented The Red Sea Development Company, a wholly owned subsidiary of the Public Investment Fund of Saudi Arabia (PIF), on the financing of Phase One of The Red Sea Project. This deal was recognized as “Project Finance Deal of the Year” by Capital Markets Saudi Arabia Awards 2021.
  • Represented The Red Sea Development Company on its joint venture agreement with Almutlaq Real Estate Investment Co. (AREIC), a subsidiary of Riyadh-based investment family group the Al Mutlaq Group (AMG), for the development of the Jumeirah The Red Sea, a 159-room luxury resort situated on Shura Island.
  • Represented nine regional and local lenders in connection with the SAR 6.1 billion Islamic project financing of Advanced Polyolefins Industry Company’s petrochemicals complex in Saudi Arabia. This deal was recognized as “Petrochemicals Deal of the Year” by IJ Global 2022 “Project Finance Loan Deal of the Year” by Capital Markets & ESG Finance Saudi Arabia Awards 2023.
  • Represented the Mandated Lead Arrangers in connection with the SAR 2.15 billion Islamic project financing for the construction of a new petrochemicals complex in Yanbu, Saudi Arabia. This deal was recognized as “MENA Petrochemicals Deal of the Year” by IJGlobal 2018.
  • Represented SPPC in connection with the 1.5 GW Sudair solar photovoltaic (PV) independent power plant (IPP) project (recognized as “MENA Renewables Deal of the Year” by IJ Global 2021 and “Structured Finance Deal of the Year” by Capital Markets Saudi Arabia Awards 2021); the 2,060 MW Al Shuaibah 2 PV IPP project; the 700 MW Ar Raas PV IPP project; the 300 MW Saad PV IPP project; the 300 MW Rabigh PV IPP project; and the 300 MW Jeddah PV IPP project.
  • Represented Sweihan PV Power Company PJSC, the owner and operator of the Noor Abu Dhabi solar PV plant, in connection with the refinancing in full of the Noor Abu Dhabi project through the issuance of $700.8 million 3.625% green senior secured green bonds.
  • Represented Emirates Water & Electricity Company in connection with the PV2 IPP involving the development of a 2 GW solar project, the largest single-site solar project in the world, together with a grid station and associated facilities in the Emirate of Abu Dhabi, UAE. This deal was recognized as “Middle East Solar Deal of the Year” by Project Finance International 2020 and “MENA Renewables Deal of the Year” by IJ Global 2020.
  • Represented Emirates Water & Electricity Company in connection with the Taweelah RO IWP, involving the development at the Taweelah complex of a 200MIGD reverse osmosis desalination plant. This deal was recognized as “MENA Water Deal of the Year” by IJ Global 2019 and “Middle East Project Finance Deal of the Year” by IFLR 2020 and has obtained the first-ever “sustainable loan” qualification for a water desalination project globally.
  • Represented Emirates Water & Electricity Company in connection with the development of the $1.14 billion Fujairah F3 power generation plant having a net capacity of 2400 MW together with a grid station and associated facilities. This deal was recognized as “Middle East Power Deal of the Year” by Project Finance International 2020 and “MENA Power Deal of the Year” by IJ Global 2020.
  • Represented Saudi Aramco on the structuring, tendering and development of the 1,509 MW Fadhili independent power project, to be developed jointly by Saudi Aramco and Saudi Electricity Company. This deal was recognized as “MENA Power Deal of the Year” by IJ Global 2017.
  • Represented Saudi Aramco in connection with the $8 billion expansion of the Rabigh Petrochemical Project in the Kingdom of Saudi Arabia. This deal was recognized as “Middle East and Africa Petrochemical Deal of the Year” by Project Finance International 2015.

List includes matters worked on prior to joining Akin.

Education
  • LPC, BPP Law School, 2004

  • LL.M. (Hons), London School of Economics and Political Science, 2003

  • LL.B. (Hons), University of Kent, 2002

Bar Admissions
  • Solicitor, England and Wales

Recognitions
  • Chambers Global, Leading Individual: Banking & Finance (Expertise Based Abroad – Saudi Arabia), 2024.

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