SAUDI ARABIA: King & Spalding has advised Jadwa Investment on the structure and formation of the Jadwa Luberef Fund, which is the first Saudi Arabian fund to invest in a single unlisted asset in the country, said the international law firm.
Nabil Issa of the firm’s Dubai and Riyadh offices and Dubai-based Benjamin Newland led the team of lawyers who represented Jadwa on the documentation of the fund. Jawad Ali and Isam Salah, based in Dubai and New York respectively, assisted with the Shariah compliant structuring of the fund.