King & Spalding in Affiliation With the Law Office of Mohammad Al-Ammar > Riyadh, Saudi Arabia > Firm Profile
King & Spalding in Affiliation With the Law Office of Mohammad Al-Ammar Offices
KINGDOM CENTRE 20TH FLOOR, KING FAHAD ROAD
PO BOX 14702
RIYADH 11434
Saudi Arabia
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King & Spalding in Affiliation With the Law Office of Mohammad Al-Ammar > The Legal 500 Rankings
Saudi Arabia > Banking and finance Tier 1
King & Spalding in Affiliation With the Law Office of Mohammad Al-Ammar excels in top-end and complex financing, funds, and restructuring. Leading the practice, Zaid Al-Farisi, having returned to Riyadh in 2022, boasts extensive expertise in banking, financing, and restructuring in Saudi Arabia. The team also relies on the acumen of key practitioners like Nabil Issa, managing partner of the Riyadh and UAE offices, Mohammed Alammar – who excels in cross-border acquisitions, private equity, and venture capital – and Michael Rainey, an expert in representing lenders and borrowers in both conventional and Shari’ah-compliant financings.Practice head(s):
Zaid H. Al-Farisi
Other key lawyers:
Key clients
Alkhabeer Capital
Arab National Bank
Arcapita Investment Partners Limited
Arkad Engineering and Construction Company
Azmeel Contracting Company Limited
Banque Saudi Fransi
Emirates NBD Bank
Energia SPC Limited
Gulf International Bank
Humania Capital (the investment arm of the Bait Al Batterjee Group)
JPMorgan
Riyad Bank
Riyad Capital
Saudi British Bank (SABB)
Shorooq Partners
Work highlights
- Acts as restructuring counsel for Azmeel Contracting Company (Azmeel), one of the top five construction companies in Saudi Arabia. The transaction is precedent-setting because it represents the first time a perpetual sukuk has been used in connection with a restructuring.
- Advised Riyad Capital on the establishment of the fund, Riyad Financing Fund II – this financing was one of the first transactions to be structured through a fund established under the new private credit regime regulations published by the Saudi Arabian Capital Markets Authority.
- Advised Energia, as borrower, in obtaining financing from RPL Holding Limited (the lender); the proceeds from the financing agreement were applied to pay off a loan previously entered into with NBK Capital Partners Mezzanine Fund II, L.P., to fund the buy-back of shares from a minority shareholder and settle a deferred consideration liability under an asset purchase agreement.
Saudi Arabia > Capital markets Tier 1
Led by corporate and capital markets expert Nabil Issa, King & Spalding in Affiliation With the Law Office of Mohammad Al-Ammar has extensive expertise in capital markets work both on a conventional and Islamic basis. The group is particularly knowledgeable in transactions and structures regulated by the Saudi Arabian Capital Market Authority as well as work relating to listed Real Estate Investment Trusts, and is praised by clients for its ‘deep and extensive knowledge of regional fund management regulation and applicable fund structures’. James Stull, who advises on a wide variety of public and listed funds and whose knowledge of matters relating to financial services and funds structuring is described as ‘unmatched’, is also a key contact.Practice head(s):
Nabil A. Issa
Other key lawyers:
Testimonials
‘Deep and extensive knowledge of regional fund management regulation and applicable fund structures.’
‘Exceptional knowledge, excellent turnaround time and follow up.
‘James Stull has a depth of knowledge and experience in funds structuring and financial services that is unmatched.’
Key clients
Riyad Capital
Jadwa Investment Company
Islamic Development Bank
Al Bilad Capital
Al Rajhi Capital
SEDCO Capital
Ashmore Investments Saudi Arabia
Franklin Templeton
Alkhabeer Capital
NMG Workspace Solutions LLC
Azmeel Contracting Company Limited
Al Wasatah Al Maliah (Wasatah Capital)
Work highlights
- Acted as restructuring counsel for Azmeel Contracting Company Limited in relation to a transaction representing the first time Perpetual Sukuk have been used in connection with a restructuring under the Law, and which is likely to set a precedent for further restructurings in the Kingdom.
- Representing US company NMG in relation to the acquisition of a stake in a joint venture with Gulf Medical in Jeddah to operate a design and construction company focused on the healthcare sector, involving an innovative sukuk structure to maximize tax efficiency and meet local ownership rules.
- Assisted ADS Investment Solutions Limited in the establishment of ADS Smart Funds OEIC ICC Ltd, the first incorporated cell company in the ADGM regulated as a fund.
Saudi Arabia > Commercial, corporate and M&A Tier 1
King & Spalding in Affiliation With the Law Office of Mohammad Al-Ammar has a thriving corporate, finance, and investments practice in Saudi Arabia and the wider MENA region. The firm is well regarded in the market for its work concerning commercial contracts. Nabil Issa spearheads the practice; he specialises in advising on innovative funds and investment structures for real estate and private equity investments in Saudi Arabia. James Stull often advises on corporate transactions, including issuance of share capital, business combination agreements, and preparing relevant documents to the Capital Market Authority. Both individuals are based in Dubai.Practice head(s):
Nabil Issa
Other key lawyers:
Testimonials
‘King & Spalding has a very diversified team of lawyers that cover a wide range of expertise, with proven track records in the Middle East.’
‘Nabil Issa takes personal interest in his clients and speaks openly and sincerely about what they are charged to deliver.’
Key clients
Access USA Shipping, LLC
Al Dabbagh Group Holding Company
Elm Company
Al Thiqa Al Shamlah For Real Estate Company (Dr. Ghassan Pharaon)
Alsulaiman Group (ASG)
Arabian Hala Investment Holding Company
Azmeel Contracting Company
Bristow
Baker Hughes
Cerberus
Cisco
Dallah Albaraka
Dammam Valley Company
Dar Al Arkan
Events Investment Fund
eWTP Capital Arabia
E& (formerly known as Etisalat)
Franklin Templeton
General Dynamics
GLD Partners
Gleeds
Global Ventures Ltd
Gulf Islamic Investments (GII Capital)
Impact Capital Company (commonly known as Impact46)
Jadwa Investment Company
Kaykroo
Merak Capital
Loro Piana
Korea Electric Power Company (KEPCO)
Christian Dior
Lucid Motors
Nazer Group Company and Affidea
Netizen Limited / Kooora.com
Pfizer
Riyad Capital
Rua Growth Fund
Sadu VC Fund LLP
Saudi Real Estate Co. (Al Akaria)
Saudi Technology Ventures (STV)
Shawcor Limited
Solb Steel
Red Sea International Company
The Chefz
Western Union
Work highlights
- Representing Al Dabbagh Group Holding Company during its USD123 million acquisition of 50% of the share capital of Flexible Packaging Solutions from NYSE-listed Greif Inc.
- Advised The Chefz SPV Ltd on the sale of its entire issued share capital to Jahez International Company for Information System Technology, a public company listed on the Saudi Stock Exchange Parallel Market.
- Advising Egis on a 100% acquisition of Omrania & Associates, the leading architecture firm in Saudi Arabia and which has additional operations in Jordan and the UK.
Saudi Arabia > Projects and energy Tier 2
The corporate, finance and investments team at King & Spalding in Affiliation With the Law Office of Mohammad Al-Ammar is well-equipped to support clients on large energy infrastructure projects in Saudi Arabia. Some of the practice’s notable clients include NEOM, EDF and the Abu Dhabi Future Energy Company. Based in Abu Dhabi, Tim Burbury leads the team and is well versed in advising on bids to finance, design and operate both renewable and conventional power projects. At the associate level, Sam Muir, also based in Abu Dhabi, is a name note. In May 2023, James Clark left the firm.Practice head(s):
Tim Burbury
Other key lawyers:
Sam Muir; Dan Feldman; Brendan Hundt
Key clients
NEOM
Abu Dhabi Future Energy Company
Electricity de France (EDF)
Mubadala Investment Company
Misk Foundation
Legal Briefings
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Assisting clients in the present and anticipating the future
2022 is a pivotal year We are going through unprecedented crises requiring a major evolution of our society. One of King & Spalding’s strengths is to be at the side of our client in this context. So far, more than 330m people have contracted the Covid-19 virus, all variants combined, and at least 6m have …
- Banking and finance
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- Commercial, corporate and M&A
Top Tier Firm Rankings
- Projects and energy