James Stull_Nabil A. Issa

King & Spalding Advises Arcapita on $500M Saudi Logistics Fund 

International law firm King & Spalding has acted as legal counsel to Arcapita on the launch of ARC KSA Logistics Fund III, a significant Saudi Arabian fund that successfully raised SAR 1.8 billion (approximately $500 million). The fund, managed by Arcapita Capital Company, a subsidiary of Arcapita Group Holdings Limited, received investments from GCC sovereign wealth funds and other major institutional investors. Arcapita obtained an asset management license from the Saudi Arabian Capital Market Authority with support from King & Spalding. 

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. The fund’s strategy emphasizes a build-to-suit approach, involving the development of properties with long-term off-take arrangements with tenants. 

The King & Spalding team advising Arcapita included James Stull (partner, pictured left), Nabil A. Issa (Managing Partner – Middle East Offices, pictured right), Sayf Shuqair (senior associate), Saud Aldawsari (senior associate), Husam Alhmary and Husni Al-Far