News & Insights


January 20, 2021

King & Spalding Advises on Two of Islamic Finance News’ 2020 Deals of the Year

DUBAI, Jan. 21, 2021 — Islamic Finance News (IFN) has named two deals handled by King & Spalding Deals of the Year for 2020.

King & Spalding was recognized for its role in the “M&A, Equity & IPO Deal of the Year” for advising on Western Union’s US$1.3 billion equity investment into STC Pay, creating the first Unicorn in Saudi Arabia, the third Unicorn in the Middle East, and the first in the Middle East for Fintech. The King & Spalding team was led by partners Nabil A. Issa, Simon Rahimzada, Jill McWhirter, with support from counsel Asal Saghari, senior associate Krishna Omkar and associate Saud Aldawsari.

The firm was also recognized for its work on IFN’s “Cross-Border Deal of the Year,” Gateway Fund I’s acquisition of Tim Hortons’ Gulf Cooperation Council (GCC) franchises. The franchises operate through a joint venture with the Apparel Group which own and operate approximately 125 Tim Hortons restaurants across 6 countries in the GCC. The matter represents one of the most high-profile transactions in the food and beverage sector in the GCC and covers each member state in the GCC.  The King & Spalding team for this matter was led by partners Nabil A. Issa and Simon Rahimzada with support from associates Saud Aldawsari, Ruslan Sulaimanov and Florence Mugerwa.

To read more about the deals 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 1,200 lawyers in 22 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