Syed Rashid bin Rahim Alsree

Partner

Rashid is a Partner in the Financial Services Department of Rahmat Lim & Partners.

His principal area of practice is banking and finance. He has acted for financial institutions and major corporates on a wide spectrum of financing transactions including domestic and cross-border bilateral and syndicated loans, acquisition and project financing, aviation financing, Islamic financing and debt restructuring. He also advises on companies and securities laws, as well as assisting financial institutions in the development of a variety of structured products.

Rashid is recognised as a Highly Regarded lawyer in Islamic Finance in IFLR1000. In The Legal 500 Asia Pacific, Rashid has been endorsed by peers and clients for being “very patient, resourceful and always ready to advise on any legal issues”.

Prior to joining Rahmat Lim & Partners, he was a practicing accountant and was an associate member of the Association of Chartered Certified Accountants. He also holds a Diploma in Islamic Finance certified by the Chartered Institute of Management Accountants.

Work Highlights

• Advised Maybank Investment Bank Berhad and RHB Investment Bank Berhad as the joint principal advisers, joint lead arrangers and joint lead managers in relation to the issuance of Islamic medium term notes by Sarawak Petchem Sdn. Bhd. pursuant to an Islamic medium term notes programme of up to RM6.0 billion in nominal value (based on the Shariah principle of Wakalah Bi Al-Istithmar) to part-finance all fees, costs and expenses in relation to the development and operation of a methanol plant and export facilities on a land located in Bintulu, Sarawak with a production capacity of 5,000 metric tonnes per day. This deal won the “Project & Infrastructure Finance Deal of the Year” at the Islamic Finance News Deals of the Year Awards 2022 and won the “Best Corporate Sukuk of the Year” at the Alpha Southeast Asia 16^th Annual Best Deal & Solution Awards 2022.
• Advised the financiers in connection with the syndicated Shariah-compliant facilities of up to RM2.0 billion based on the Shariah principle of Murabahah (via a Tawarruq arrangement) obtained by Malayan Cement Berhad to part fund the acquisition of certain subsidiaries of YTL Cement Berhad.
• Advised a syndicate of lenders in respect of the multi-currency financing of the acquisition of McDonald’s Restaurants Pte. Ltd. and Golden Arches Restaurants Sdn. Bhd. (the holders of the franchise rights for the McDonald’s restaurants in Singapore and Malaysia respectively) by a consortium of investors comprising Qatar’s Al-Mana Group and Saudi Arabia’s Reza Group.