People

Asal Saghari is counsel of the Corporate, Finance and Investments practice.

Asal has extensive experience in banking and finance.  Her areas of practice include finance, Islamic finance and secured and unsecured lending, with a particular focus on advising sponsors, lenders and borrowers in connection with their lending and investment activities in Europe and Middle East structured on both a conventional and Shari’ah-compliant basis.

Asal joined King & Spalding’s London office in 2008 from one of London’s leading international law firms.

Full Bio

Credentials

Law Studies, BPP Law School, UK

LL.B., University of Bristol, UK, honours

England and Wales

UK Law Society - Pending

Matters

Outbound Investment Financing

Advised KFH Capital Investment Company in the formation of two Shari’ah-compliant UK real estate funds. Following the formation of the funds, King & Spalding advised KFH Capital Investment Company in connection with three property acquisitions, two logistics warehouses in the UK (each single tenanted) and a retail park in Scotland (multi-tenanted). All three transactions were implemented and financed on a Shari’ah-compliant basis.

Advised MUFG Bank, Ltd. in connection with a US$150,000,000 financing for PT Bukit Makmur Mandiri Utama (Buma), together with amendments to an existing US$100,000,000 facility. MUFG is the world’s 5th largest bank by assets, and the largest bank in the world by assets outside China.

Advised a Cayman Islands investment vehicle managed by Dimah Capital Investment Company in connection with an acquisition of a retail park in the UK with 16 tenants and two multi tenanted commercial properties in the UK. All transactions were implemented and financed on a Shari’ah-compliant basis.

See more
Icon close

Close

Matters

Outbound Investment Financing

Advised KFH Capital Investment Company in the formation of two Shari’ah-compliant UK real estate funds. Following the formation of the funds, King & Spalding advised KFH Capital Investment Company in connection with three property acquisitions, two logistics warehouses in the UK (each single tenanted) and a retail park in Scotland (multi-tenanted). All three transactions were implemented and financed on a Shari’ah-compliant basis.

Advised MUFG Bank, Ltd. in connection with a US$150,000,000 financing for PT Bukit Makmur Mandiri Utama (Buma), together with amendments to an existing US$100,000,000 facility. MUFG is the world’s 5th largest bank by assets, and the largest bank in the world by assets outside China.

Advised a Cayman Islands investment vehicle managed by Dimah Capital Investment Company in connection with an acquisition of a retail park in the UK with 16 tenants and two multi tenanted commercial properties in the UK. All transactions were implemented and financed on a Shari’ah-compliant basis.

Advised Mohammed Alsubeaei & Sons Investment Company in relation to the provision by it of a £130 million Shari’ah-compliant mezzanine development facility to fund the mixed use development "South Bank Tower" in London (formerly King's Reach Tower). The mezzanine financing was part of a £400 million development facility involving senior Shari’ah-compliant financiers including  ABC International Bank.

Advised a prominent Saudi client in relation to the provision by it of a Shari’ah-compliant facility to fund the acquisition of land for development in Vauxhall Cross, London.

Advised a Kuwait Asset Manager on its entry into a joint venture with a UK asset manager to acquire senior debt secured against the development known as “Finzels Reach” in Bristol, UK (loan to own) and on-going advice to client in connection with the development.

Advised a Luxembourg Shari’ah-complaint fund on its Shari’ah-compliant refinancing of a portfolio of seven properties located in France, Poland, Portugal, Luxembourg and the UK valued in excess of Euro 1.5 billion.

Middle East Inbound Financing  

Advised Dalma Energy LLC on the financing aspects of the merger of its business operations in Oman, Saudi Arabia, the Netherlands with the business operations of KCA Deutag. The combined enterprise value of the KCAD Group (the enlarged group) was over US $2.6 billion, making it one of the largest drilling contractors in the Middle East to date.

Advised Dalma Energy LLC on its acquisition of oil drilling rigs in Oman, the UAE and Saudi Arabia as well as its refinancing of a US$450 million acquisition facility.

Advised Arcapita Investment Partners Limited in connection with the AED 333 million Ijara financing for the purchase of three residential towers in Saadiyat Island, Abu Dhabi from Mubadala Pramerica. Subsequently advised Arcapita Investment Partners Limited on its contribution of interest in those properties to Residential Real Estate Investment Trust (REIT), forming part of one of the largest REIT contribution transactions in the Middle East.

Advised NBK Capital in connection with the AED 336 million sale and lease back transaction of a school in Dubai and the subsequent refinancing of that property with an AED173 million Shari’ah-compliant facility secured against the school and the revenues under the lease.

Advised Investcorp on its acquisition financing of a stake in Bindawood Group, which owns one of the largest chains of grocery stores and related business in Saudi Arabia

Insights

Newsletter

January 9, 2019
Energy Newsletter - January 2019

Energy Law Exchange

January 9, 2019
Lending to SMEs Through the ADGM Made Easy

Client Alert

December 17, 2018
Lending to SMEs Through the ADGM Made Easy

View all

Matters

Outbound Investment Financing

Advised KFH Capital Investment Company in the formation of two Shari’ah-compliant UK real estate funds. Following the formation of the funds, King & Spalding advised KFH Capital Investment Company in connection with three property acquisitions, two logistics warehouses in the UK (each single tenanted) and a retail park in Scotland (multi-tenanted). All three transactions were implemented and financed on a Shari’ah-compliant basis.

Advised MUFG Bank, Ltd. in connection with a US$150,000,000 financing for PT Bukit Makmur Mandiri Utama (Buma), together with amendments to an existing US$100,000,000 facility. MUFG is the world’s 5th largest bank by assets, and the largest bank in the world by assets outside China.

Advised a Cayman Islands investment vehicle managed by Dimah Capital Investment Company in connection with an acquisition of a retail park in the UK with 16 tenants and two multi tenanted commercial properties in the UK. All transactions were implemented and financed on a Shari’ah-compliant basis.

See more
Icon close

Close

Matters

Outbound Investment Financing

Advised KFH Capital Investment Company in the formation of two Shari’ah-compliant UK real estate funds. Following the formation of the funds, King & Spalding advised KFH Capital Investment Company in connection with three property acquisitions, two logistics warehouses in the UK (each single tenanted) and a retail park in Scotland (multi-tenanted). All three transactions were implemented and financed on a Shari’ah-compliant basis.

Advised MUFG Bank, Ltd. in connection with a US$150,000,000 financing for PT Bukit Makmur Mandiri Utama (Buma), together with amendments to an existing US$100,000,000 facility. MUFG is the world’s 5th largest bank by assets, and the largest bank in the world by assets outside China.

Advised a Cayman Islands investment vehicle managed by Dimah Capital Investment Company in connection with an acquisition of a retail park in the UK with 16 tenants and two multi tenanted commercial properties in the UK. All transactions were implemented and financed on a Shari’ah-compliant basis.

Advised Mohammed Alsubeaei & Sons Investment Company in relation to the provision by it of a £130 million Shari’ah-compliant mezzanine development facility to fund the mixed use development "South Bank Tower" in London (formerly King's Reach Tower). The mezzanine financing was part of a £400 million development facility involving senior Shari’ah-compliant financiers including  ABC International Bank.

Advised a prominent Saudi client in relation to the provision by it of a Shari’ah-compliant facility to fund the acquisition of land for development in Vauxhall Cross, London.

Advised a Kuwait Asset Manager on its entry into a joint venture with a UK asset manager to acquire senior debt secured against the development known as “Finzels Reach” in Bristol, UK (loan to own) and on-going advice to client in connection with the development.

Advised a Luxembourg Shari’ah-complaint fund on its Shari’ah-compliant refinancing of a portfolio of seven properties located in France, Poland, Portugal, Luxembourg and the UK valued in excess of Euro 1.5 billion.

Middle East Inbound Financing  

Advised Dalma Energy LLC on the financing aspects of the merger of its business operations in Oman, Saudi Arabia, the Netherlands with the business operations of KCA Deutag. The combined enterprise value of the KCAD Group (the enlarged group) was over US $2.6 billion, making it one of the largest drilling contractors in the Middle East to date.

Advised Dalma Energy LLC on its acquisition of oil drilling rigs in Oman, the UAE and Saudi Arabia as well as its refinancing of a US$450 million acquisition facility.

Advised Arcapita Investment Partners Limited in connection with the AED 333 million Ijara financing for the purchase of three residential towers in Saadiyat Island, Abu Dhabi from Mubadala Pramerica. Subsequently advised Arcapita Investment Partners Limited on its contribution of interest in those properties to Residential Real Estate Investment Trust (REIT), forming part of one of the largest REIT contribution transactions in the Middle East.

Advised NBK Capital in connection with the AED 336 million sale and lease back transaction of a school in Dubai and the subsequent refinancing of that property with an AED173 million Shari’ah-compliant facility secured against the school and the revenues under the lease.

Advised Investcorp on its acquisition financing of a stake in Bindawood Group, which owns one of the largest chains of grocery stores and related business in Saudi Arabia

Insights

Newsletter

January 9, 2019
Energy Newsletter - January 2019

Energy Law Exchange

January 9, 2019
Lending to SMEs Through the ADGM Made Easy

Client Alert

December 17, 2018
Lending to SMEs Through the ADGM Made Easy

View all

Credentials

Law Studies, BPP Law School, UK

LL.B., University of Bristol, UK, honours

England and Wales

UK Law Society - Pending