Comprising more than 100 lawyers, Albar & Partners primarily focuses on banking and finance, capital markets and corporate and M&A. It is known for its breadth of experience in banking and finance transactions, including corporate and syndicated lending, Islamic finance and sukuk (Islamic bond) issuances, asset finance and project finance. The firm represents both local and international financial institutions, including investment banks, commercial banks and insurance companies, as well as borrowers across various industry sectors. In addition, the firm is active in M&A, IPOs, joint ventures, private equity and regulatory matters. Swee Loong Chung and Lily Chea Li Tan are key partners at the firm.
Client feedback
“Very insightful. Sound feedback and fast delivery.” – Banking and finance
Swee Loong Chung
“Highly experienced and knowledgeable.”
Work highlights
Acted for Maybank Investment Bank being the principal adviser and lead arranger for the sukuk wakalah programmes and corporate bonds programmes. These programmes together totalled up to RM2 billion and included commercial paper, medium-term notes, and their Islamic equivalents.
Advised the underwriters consisting of Maybank Investment Bank, CIMB Investment Bank and AmInvestment Bank for ITMAX’s IPO. The IPO comprised up to 320 million ordinary shares in ITMAX in conjunction with the listing and quotation of ITMAX’s entire enlarged issued share capital on the main market of Bursa Malaysia.
Key clients
Public Investment Bank
Work highlights
Advised MIDF Amanah Investment Bank on an up to RM50 million ($10.9 million) Islamic term financing facility based on the shariah principle of Murabaha (deferred sale) granted to MSA Resources for the purpose of building a digital superhighway network in Malaysia. The project aims to help Malaysia become a digital economy hub in the region and attract foreign investors to the digital network services sector.
Advised AmBank Islamic and United Overseas Bank (Malaysia) on a up to RM220 million multilateral financing facility granted to JAKS Solar Nibong Tebal as the borrower. The financing proceeds will fund the development and operation of a 50 megawatt-AC solar photovoltaic energy-generating facility located in Nibong Tebal, Penang, and subsequently the borrower’s working capital.
Acted for Weststar Aviation Services in the syndicated facilities granted by a consortium of banks. The facilities obtained were to refinance the existing facility of Weststar Aviation Services and any balance thereof to finance the capital expenditure and working capital requirements of Weststar Aviation Services.
Key clients
AmBank Islamic, MIDF Amanah Investment Bank, RHB Investment Bank, United Overseas Bank (Malaysia)
