Riyadh -- King & Spalding advised the Alinma Jeddah Economic City Real Estate Fund on a Shari'ah-compliant financing extended by Alinma Bank in connection with the development of the first phase of the Jeddah Economic City project. This is one of the largest development projects in Saudi Arabia and includes the construction of the Jeddah Tower, which will be the world's tallest building at over one kilometer high.
King & Spalding also advised Jeddah Economic Company and Alinma Investment Company on the formation of the SAR 8.4 billion (approximately US$2.23 billion) Alinma Jeddah Economic City Real Estate Fund, which is regulated by the Saudi Arabian Capital Market Authority.
The King & Spalding team on this financing was led by partner Zaid Al-Farisi and included partners Nabil Issa and James Stull, with the assistance of associate Sayf Shuqair.
About King & Spalding
Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with more than 900 lawyers in 18 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients. More information is available at www.kslaw.com.
Contact:
Jessie Seyfer
(415) 318-1223
jseyfer@kslaw.com
© Press Release 2016
