Ruba Zagzoog
Associate
- Advises sovereign wealth funds, governments, sponsors and financial institutions on project finance and corporate transactions across Saudi Arabia, the wider Middle East region and the United Kingdom.
- Experience across sectors, including project finance, energy & infrastructure, investment management & private equity and real estate.
Ruba is an associate in the firm’s corporate practice in Riyadh. She advises sovereign wealth funds (SWFs), institutional investors, governments, private equity sponsors, and other corporate and creditor clients on project finance and corporate transactions across the Middle East, with a particular focus on Saudi Arabia.
She routinely advises on sophisticated corporate transactions and award-winning projects across the region, representing public & private clients on domestic transactions, outbound investments and strategic opportunities across a range of sectors. Ruba also has experience advising on real estate matters, including hospitality, mixed-use and large-scale development projects, as well as joint venture and investment structures relating to landmark developments in Saudi Arabia.
Ruba earned her LL.M. from the London School of Economics and Political Science and her law degree from Dar Al-Hekma University in Jeddah.
- Represented Red Sea Global, a wholly owned subsidiary of the Public Investment Fund of Saudi Arabia (PIF), in multiple Vision 2030 projects, including on:
- The closing of a SAR 6.5 billion green financing for AMAALA, a luxury wellness destination on the Red Sea coast and a key component of the Kingdom’s Vision 2030 tourism strategy.
- 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 and recognized as the first Riyal-denominated credit facility to receive Green Financing accreditation.
- 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 NEOM on:
- An untied, multi-currency $3 billion facilities agreement supported by SACE, the first NEOM corporate ECA-backed financing and the largest untied financing ever granted by SACE.
- Its inaugural SAR 10 billion RCF, arranged by a consortium of Saudi Arabian lenders.
- The finance structuring for the Shushah, Trojena and Oxagon developments.
- The SAR 3 billion financing for the development of the Sindalah Island Project.
- Represented Dr. Soliman Abdel Kader Fakeeh Hospital Company on its IPO; this was the largest initial public offering in Saudi Arabia in 2024. The offering attracted US$ 91 billion in orders with a total amount raised through the listing of approximately US$ 763 million, and a market capitalization for the Fakeeh Care Group of approximately US$ 3.56 billion.
EducationLL.M., London School of Economics and Political Science, 2025
LL.M., London School of Economics and Political Science, 2025
