Nomaan A. Raja

  • Partner
  • Dubai International Financial Centre
  • ICD Brookfield Place, Level 16
  • P.O. Box 506698
  • Dubai, United Arab Emirates
  • T +971.4.704.6341


Nomaan Raja is the Office Managing Partner of Latham & Watkins' Dubai office and the Local Chair of the Corporate Department.

Mr. Raja advises on debt capital markets transactions (conventional as well as Sukuk issuances), high-yield bond offerings, equity offerings, bond/Sukuk restructurings, mergers and acquisitions, and investments and other corporate transactions. Prior to joining Latham, Mr. Raja practiced with a leading law firm in New York. 

Mr. Raja is recognized as a leading lawyer in debt capital markets by Chambers Global 2016-2020 and was named in Who's Who Legal as a leading capital markets practitioner in 2014 and 2020.


Mr. Raja’s experience includes representing:

  • The underwriters in the establishment of a global medium term note program by Saudi Arabian Oil Company (Saudi Aramco) and debut issuance of US$12 billion notes thereunder
  • The underwriters in Saudi Basic Industries Corporation’s US$2 billion notes offering
  • The underwriters in Saudi Electricity Company’s US$2 billion sukuk offering
  • Dana Gas in its tender offer and consent solicitation and issuance of new US$530 million sukuk
  • The government of Kingdom of Saudi Arabia with respect to the establishment of its GMTN Programme and its US$17.5 billion debut sovereign bond issuance
  • The joint lead managers of the issuance by IHS Nigeria of US$800 million 9.5% Senior Notes due 2021 and a concurrent tender offer and consent solicitation
  • The Government of Pakistan in relation to the US$1 billion offering and sale of its shareholding in Habib Bank Limited, Pakistan’s largest bank, through a global offering of shares
  • Noor Bank on the establishment of its US$3 billion Sukuk program and subsequent inaugural issuance thereunder
  • Abu Dhabi Islamic Bank on its US$137 million rights issuance
  • Emirates Telecommunications Corporation (Etisalat), in respect of the update of its US$7 billion global medium term note programme and issuance of US$4.3 billion notes thereunder, the Middle East region’s largest ever corporate issuance
  • The lead Managers to the Sukuk offering by Saudi Electricity Company of of US$1.5 billion 4.00% Certificates due 2024 and US$1 billion 5.50% Certificates due 2044
  • The lead managers in the offering by Topaz of its £350 million 8.625% senior notes due 2018
  • Dana Gas PJSC, the largest independent oil and gas company in the UAE, in restructuring its US$1 billion exchangeable Trust Certificates (sukuk al-mudarabah) due 2012 by way of consent solicitation and issuance of two new tranches of Sukuk
  • The lead managers in the offering by Polkomtel of its €542.5 million 11.75% senior notes due 2020 and US$500 million 11% senior notes due 2020 in connection with the €3.6 billion acquisition financing of Polkomtel by Spartan Capital (largest ever LBO in Poland) 
  • The lead managers in the offering by House of Fraser of its £250 million 8.875% senior secured notes due 2018
  • Sembcorp Salalah Power and Water Company (Oman) in its US$137 million initial public offering of shares listed on the Muscat Securities Market
  • The lead managers in the offering by Gala Coral Group of its £350 million 8.875% senior secured notes due 2018 and £275 million 11.5% senior notes due 2019
  • MB Holding Company, an Omani oil and gas services company, in its offering of US$320 million 11.25% senior notes due 2015 
  • The Government of Dubai, in a number of notes/certificates offerings under its EMTN and Trust Certificate Programmes
  • The Dubai Financial Support Fund and the Department of Finance, Government of Dubai, with respect to the financial restructuring of Dubai World and some of its subsidiaries (including Nakheel)
  • The underwriters in Saudi Arabian Oil Company (Saudi Aramco)’s US$29.4 billion initial public offering (the world’s largest ever initial public offering)

Thought Leadership

  • COVID-19: Managing Financial Difficulties in the United Arab Emirates -  March 24, 2020
  • New DIFC Insolvency Law: 4 Key Features -  July 02, 2019
  • The Evolving Business and Investment Landscape in Saudi Arabia -  June 02, 2016
  • Challenges to the Development of the Sukuk Market -  June 16, 2015
  • Al-Mirsal Blog: Saudi CMA Publishes Draft Rules for Qualified Foreign Financial Institutions Investment in Listed Shares  -  September 03, 2014
  • Saudi CMA Publishes Draft Rules to Open Tadawul to Qualified Foreign Investors -  August 24, 2014
  • هيئة السوق المالية السعودية تصدر مشروع قواعد لفتح السوق المالية السعودية (تداول) أمام المستثمرين الأجانب المؤهلين  -  August 24, 2014
  • Project bonds in the Middle East: Releasing asset value and financing the future -  June 01, 2014
  • A new benchmark -  June 01, 2014

“He provided an excellent service — he totally understood what our needs and requests were, and he delivered.”

Chambers Global 2020
Bar Qualification
  • New York
  • LL.M., New York University, 2005
  • LLB, London School of Economics and Political Science, 1996
  • English
  • Urdu (Pakistan)
  • Hindi
  • Capital Markets
  • Mergers & Acquisitions
  • Restructuring & Special Situations
  • Private Equity
  • India Practice
  • Islamic Finance