King & Spalding Advised Arcapita Capital On Saudi Logistics Fund
King & Spalding Advised Arcapita Capital On Saudi Logistics Fund
SAR 1.8 billion (approximately $500 million) was raised for it
International law firm King & Spalding has counselled Arcapita Capital Company on the launch of a significant Saudi Arabian fund ARC KSA Logistics Fund III.
Managed by Arcapita, a subsidiary of Arcapita Group Holdings Ltd, the fund received investments from the Gulf Cooperation Council (GCC) sovereign wealth funds and other major institutional investors.
With the law firm’s support, Arcapita obtained an asset management license from the Saudi Arabian Capital Market Authority.
Aligned with Saudi Arabia’s Vision 2030 and its Global Supply Chain Resilience Initiative, the fund aims to position the Kingdom as a preferred location for leading global industrial companies. It focuses on investments in the manufacturing and warehousing sectors, particularly in key regions like Riyadh, Jeddah, and the Eastern Province.
It emphasizes a build-to-suit approach, concerning property development with long-term off-take arrangements with tenants.
The King & Spalding team advising Arcapita included James Stull (partner), Nabil A. Issa (managing partner – Middle East offices), Sayf Shuqair (senior associate), Saud Aldawsari (senior associate), Husam Alhmary (partner) and Husni Al-Far.
