Investment fund formation and management

King & Spalding LLP

Lauded as one of the ‘best funds teams in the GCC’, King & Spalding LLP’s full-service practice is highly regarded for its fund formation expertise, advising marquee sponsors and asset managers on diverse structures, including real estate funds, REITs, and venture capital funds. James Stull is active across the full range of the firm’s sponsor-side fund formation matters and is noted for his knowledge of regional securities laws. Nabil Issa is chiefly recognised for his work in Saudi Arabia, with his in-depth understanding of the Capital Market Authority’s regulatory framework making him a sought-after advisor for both domestically domiciled funds and foreign funds. Macky O’Sullivan is valued by clients for his complementary venture capital funds and venture capital transactional practice. Dounia Mansour, who covers a broad range of funds work, has a strong track record in Shari’ah compliant structures. Sayf Shuqair‘s experience in the Kingdom allows him to comprehensively advise on Saudi Arabian fund structures.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘Work quickly and efficiently.’
‘Nabil Issa and James Stull.’
‘The team is the best funds team in the GCC, they are very knowledgeable and produce the best quality legal fund documents.’
‘James Stull is the most knowledgeable funds lawyer I have worked with in the region, in addition to Dounia Mansour who is helping him on these subjects.’
‘The knowledge base is very deep and people are highly competent and responsive.’
‘Prompt response, genuine solutions to problems and a very practical attitude that can only come from experience.’
‘Very smart, knowledgeable, and responsive.'

Key clients

Emirates Telecommunications Group Company PJSC
SAB Invest
Gemcorp Capital
Antler
Dubai Future District Fund
Iliad Partners
Al Jazira Capital
Artal Capital Company
Franklin Templeton
Oman Investment Authority
Jadwa Investment Company
BSF Capital
GFH Financial Group
Arcapita
Mubadala Capital
Shorooq Partners
Gulf Islamic Investments
Global Ventures
Ashmore Investment Management Limited
Riyad Capital
Alkhabeer Capital
Ninety-One UK Limited
Al Rajhi Capital
Impact46
Waha Capital
KFH Capital
Saudi Venture Capital Company
Social Development Bank
Sidra Capital
Merak Capital
GIB Capital
ADS Investment Solutions
NeoVision Wealth Management
Seedra Investment Company
Derayah Financial
Greenstone Equity Partners
Sadu Capital

Work highlights

Advised Franklin Templeton on the establishment of two public umbrella protected cell companies in the DIFC. One public fund operates on a conventional basis and the other on a Shari’ah compliant basis.
Advised Arcapita Capital Company on the establishment of a Saudi Arabian private closed ended real estate fund with a target size of SAR 1.8 billion that will invest in the Saudi Arabian logistics sector – in both income-generating and development assets.
Advising BSF Capital on establishing a Saudi Arabian domiciled private real estate investment fund that will develop a phase of King Salman Park, one of the proposed giga projects being developed in Saudi Arabia.

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