Zaid Al-Farisi
King & Spalding
King & Spalding
Client SatisfactionKing & Spalding 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.
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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.
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Practice head
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Zaid H. Al-Farisi