Middle East andIslamic Financeand Investment
Our lawyers in Dubai, Abu Dhabi and Riyadh anchor aninternational team that works on behalf of financial
institutions, energy, construction, healthcare, real estate,
private equity, shipping and aviation companies seeking
to invest or finance commercial projects in compliancewith Islamic Shari’ah principles as well as conventionalfinancing. Informed by decades of experience in theMiddle East, our Islamic Finance and Investment teamguides financial institutions and businesses innavigating the regulatory, political and commercial
environment of the region.
Serving Islamic and conventional financial institutions,merchant and investment banks, venture capital andprivate equity funds, fund sponsors and family
investment companies, our team has helped to structure
and implement billions of U.S. dollars in complex,innovative, often first of their kind transactions since1995.
The team has developed a strong and highly respectedworking relation with leading Shari’ah scholars, whichallows the team to develop investment and financing
instruments in the Middle East, Europe and the U.S. that arecompliant, practical and efficient. Typical transactions haveincluded:
Shari’ah-compliant property funds valued at nearly
US$10 billion;
private equity funds valued in excess of US$6billion;
Shari’ah-compliant “sidecar” funds;
the acquisition, financing and development ofproperties in the U.S., Europe and the Middle East;
Shari’ah-compliant leveraged private equity
acquisitions in the U.S., and acquisitions made inEurope and the Middle East;
landmark sukuk transactions and first-time Shari’ahcompliant financing structures;

Recognition
Awarded our firm the ‘Saudi
Arabia Client ServiceAward’, 2021
CHAMBERS GLOBAL

Ranked Band 1 for the 12thstraight year for Middle East
Investment Funds, 20102022
CHAMBERS GLOBAL

Ranked Tier 1 Law Firm
UAE Investment Funds forthe 7th straight year, 20142021
THE LEGAL 500

Ranked Tier 1 for CapitalMarkets and Corporate/M&A
in Saudi Arabia, 2021
THE LEGAL 500“Esteemed Islamic financepractice with particularexperience in advising
investment funds on Shari'acompliant investments andfinancing mandates”, 2021
CHAMBERS GLOBAL

Ranked Band 1 in UAE

Shari’ah-compliant project financings in the Middle
East, including energy, desalination, residential andcommercial projects;
the restructuring of Shari’ah-compliant investments;
andthe formation of Shari’ah-compliant equities funds.
We work with many of the world’s leading financial
institutions and development companies, including:
ACWA PowerAl Rajhi Holdings
Al Romaizan Company for Gold & Jewellery
AramcoArabian Real Estate Investment Trust
Arcapita BlueApple Partners
Dalma Energy
Dow Chemical Company
General Electric
Gulf Investment Corporation
International Investment Bank
Islamic Development Bank
Jadwa Investment Company
KFH Capital
Kuveyt Turk
MeraasMubadala Development Company
NBK Capital
NCB Capital
Sahara Petrochemical Company
Saudi Economic Development Co.
SHUAA Capital Saudi Arabia
Société Générale

Cases & Deals
September 25, 2024
King & Spalding advises Riyad Bank and Riyad Capital tolaunch 1957 Ventures Fund
September 4, 2024
King & Spalding advises Franklin Templeton on launch oftwo open-ended umbrella funds in DIFC

Construction for the 4th
straight year, 2018-2021
CHAMBERS GLOBAL

Awarded “Cross-Border Dealof the Year” and “M&A,
Equity and IPO Deal of theYear”, 2020.
ISLAMIC FINANCE NEWSRanked Tier 2 Real Estate,
Banking and Finance,
Projects and Energy
Practices in Saudi Arabia,
2021
LEGAL 500 EMEA

Ranked Tier 2 Real Estate,
Commercial, Corporate andM&A Practices in the UAE,
2021
LEGAL 500 EMEA

Ranked for FinTech in theUAE, 2021
CHAMBERS GLOBAL“Strong and respected team
active on domestic andcross-border mandates”,
2021
CHAMBERS GLOBALMay 30, 2024
Halal Products Development Company (HPDC)
acquisition of a significant minority stake in Believe“King & Spalding's projects
and energy practicecomprises highly rated
teams in the USA, Asia, theMiddle East and Europe.”,
2021

VIEW ALLCHAMBERS GLOBAL

Insights“Premier international
practice routinely called upon
to handle sophisticatedcommercial arbitration andinvestor-state disputes. KingCLIENT ALERTMay 24, 2024
Enhancing Jurisdictional Clarity: Dubai’s New JudicialAuthority

CLIENT ALERT
February 29, 2024
The 2024 UAE Financial Restructuring and Bankruptcy
Law: What is New?

& Spalding has a strong
footprint in arbitration hubs inNorth America, Europe, Asiaand the Middle East.”, 2021

CLIENT ALERTJanuary 16, 2024
The Evolving Face of Finance: Private Credit's Role in theGCC - insights from the $400m Tamara financing andbeyond

CHAMBERS GLOBAL

VIEW ALL

EventsSPEAKING ENGAGEMENT
September 4, 2023
Asal Saghari to Speak at IFN Closed-Door Session
SPEAKING ENGAGEMENT
September 4, 2023
Asal Saghari to Speak at IFN UK Forum
SPEAKING ENGAGEMENT
June 8, 2023
Mike Rainey, Asal Saghari to Speak at Islamic FinancePower Roundtable
VIEW ALLNews
RECOGNITION
September 23, 2024
King & Spalding Earns Multiple Practice and Individual
Rankings in 2024 IFLR1000 Guide
IN THE NEWS
August 5, 2024
Law360 profiles Rising Star Macky O'Sullivan
RECOGNITION
July 15, 2024Six King & Spalding Lawyers Named Law360 Rising Stars
VIEW ALL“Premier team with longstanding expertise in theinvestment funds arena.
Acknowledged for assistingwith funds matters acrossthe region, and has particularstrength in relation to Saudi
Arabia.”, 2021
CHAMBERS GLOBAL“First-rate practice withparticular expertise in noncontentious construction.
Frequently sought out toassist with a broad spectrumof transactional mandates.
Known for its expertise inutilities projects, particularly
those relating to water anddistrict cooling, as well as
renewable energy
schemes.”, 2021
CHAMBERS GLOBAL

Ranked Band 2 for CapitalMarkets, Banking & Finance,
Corporate/Commercial
practices in Saudi Arabia,
2021
CHAMBERS GLOBAL“A broad and diverse utilities
team, active on PPPs. Has
an especially strong Saudi
Arabian practice, with further
experience of matters inOman and the UAE.”, 2021
CHAMBERS GLOBAL“From the UAE, the team hasdeveloped a particularly
strong reputation forhandling cross-bordermandates relating to theconstruction, real estate andenergy spheres. The firm's
banking practice is also
highly international, offeringhigh-profile clients support
on a range of cross-borderissues, including project andIslamic finance issues.”,
2021
CHAMBERS GLOBAL“Has an in-depth
understanding of joint
ventures in the real estatesector”, 2021
CHAMBERS GLOBAL“Maintains a distinguishedoffering in two key GCC
markets: Saudi Arabia andthe UAE”, 2021
CHAMBERS GLOBAL“Robust group, regularly
engaged by private equity
firms in regard to high-value
buyouts in Saudi Arabia.
Also active on a range ofcorporate restructurings, andhighly experienced acting forclients in the technology andhealthcare sectors. Equallywell versed assisting withjoint ventures on behalf ofenergy, construction anddefence companies.”, 2021
CHAMBERS GLOBAL

Ranked in the International &Cross-Border Capabilities
Spotlight Table , 2021
CHAMBERS GLOBAL

Ranked Band 2 Banking &Finance: Islamic Financepractice Global-wide for the
6th straight year, 2021

CHAMBERS GLOBAL

Awarded “MENA Solar Dealof the Year”, 2020
PROJECT FINANCE
INTERNATIONAL

Awarded “MENA Power Dealof the Year”, 2020
IJGLOBAL

Awarded Asset Managementand Investment Funds,
Fintech and Capital MarketsFirm of the Year, 2019
ISLAMIC FINANCE NEWS

Selected as the "Best Law
Firm for Asset Management",
2014 - 2016, 2019
ISLAMIC FINANCE NEWSAwarded "Middle East andAfrica Renewable Deal ofthe Year", 2019IJGLOBAL

Awarded Most Innovative
Deal of the Year, 2019
ISLAMIC FINANCE NEWSAwarded "Middle East andAfrica Renewable Deal ofthe Year", 2019
PROJECT FINANCE
INTERNATIONAL (PFI)

Named "Best Onshore Law
Firm", 2018
MENA FUND MANAGER
AWARDSBest Advisory Firm for Fund
Structuring, 2016 - 2018

MENA FUND MANAGER

King & Spalding wasselected as the "Law Firm ofthe Year" (2017-2018) and"Private Equity Law Firm ofthe Year" (2018)
ISLAMIC FINANCE NEWS

Named "M&A Team of theYear" and "M&A Deal of theYear", 2018
IFLR1000

Named "Arbitration,Insolvency and Restructuring
Firm of the Year", 2018
ISLAMIC FINANCE NEWS

Ranked among top three law
firms for project financedeals in North Africa and theMiddle East, 2016
IJGLOBALOne of the 22 most valued
law firms within the energy
sector, 2016
THE LEGAL 500 - CLIENTINTELLIGENCE REPORTTop 15 construction
practices in the world, 2015
WHO’S WHO LEGAL