News & Insights

Recognition

January 22, 2020

King & Spalding Advises on Islamic Finance News’ “Most Innovative Deal of the Year”


DUBAI, Jan. 22, 2020 — Islamic Finance News (IFN) has honored King & Spalding for its work representing NMG Workspace Solutions in a transaction that IFN named its “Most Innovative Deal of the Year” for 2019.

King & Spalding advised NMG on a Sukuk Mudarabah deal that was designed to give NMG, as a Sukuk investor, an economic interest to support Modern Era Management Co.’s acquisition of a 50% stake in Jeel Al Idara Al Hadeetha Tijara Co, a Saudi operating company, without having to hold shares in the company directly.  The unique structure provided NMG certain tax efficiencies and the ability to invest in a sector that is challenging for foreign investors in Saudi Arabia.   The King & Spalding team on the deal was led by partners Nabil Issa and Mike Rainey and were assisted by Bader Al-Ammar and Saud Aldawsari.

To read more about the deal and all of the winners, click here.

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 1,100 lawyers in 21 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.