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06 Jun 2024

Stephenson Harwood advises Al Dahra group on multi-million AED syndicated financing


Stephenson Harwood LLP has acted as legal counsel to Al Dahra Group for a multi-million AED syndicated financing.

Al Dahra, a prominent MENA agribusiness, specialises in the cultivation, production and trading of animal feed and essential human food commodities such as rice, flour, fruit and vegetables. The group's substantial asset base includes a 400,000-acre landbank with 60 farms, 30 forage processing lines, two rice mills and two flour mills.

The successful debt consolidation was facilitated by the collaboration of Al Dahra's partner banks: Intesa Sanpaolo, Raiffeisen Bank International AG, Commercial Bank of Dubai, and ING. This transaction follows a significant equity investment from Al Dahra's shareholders, and represents a strategic realignment of Al Dahra's debt portfolio, marking a pivotal step in the company's development as it further expands its global reach.

"This transaction marks a significant milestone as it represents one of the largest debt consolidations in the agricultural sector in the GCC region," said Rustum Shah, partner at Stephenson Harwood. "This structure has brought together a diverse group of leading international and regional banks to optimise Al Dahra's debt portfolio and position the company for accelerated growth, serving as a model for how strategic financing can be structured to support the expansion of key regional players into new markets and platforms."

The Stephenson Harwood team was led by partner and global head of Islamic Finance, Rustum Shah, supported by associate Murtaza Hussain and paralegal Shwini Dsouza.



Rustum Shah

Rustum Shah
Partner and head of Islamic finance

T:  +971 4 407 3903 M:  +971 50 552 5408 Email Rustum | Vcard Office:  Dubai


Sarah Owen

Senior communications & PR executive

T: +44 20 7809 2874 
Email Sarah

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