King & Spalding Advises Jadwa Investment in Beverage Company Stake

RIYADH, SAUDI ARABIA--(Marketwire - January 20, 2010) - King & Spalding, a leading international law firm, advised Riyadh-based Jadwa Investment Company in the acquisition of a significant equity stake in Gulf Union Foods Company (GUFC), one of the largest producers of juices and beverages in Saudi Arabia. GUFC manufactures juices, nectars and flavored drinks, with its products sold in more than 20 countries across different regions, including the MENA region, Canada, the United Kingdom and the Indian subcontinent.

The acquisition was made by the Shari'ah-compliant Jadwa Food and Beverage Opportunity Fund. King & Spalding also advised Jadwa in relation to the structure and formation of the fund with the Saudi Arabian Capital Market Authority.

The King & Spalding legal team representing Jadwa on the structure, documentation and legal and Shari'ah compliance of both the acquisition and the fund was led by partner Nabil Issa of the firm's Dubai and affiliated Riyadh offices and by Dubai-based corporate partner Wael Wahbeh. Riyadh-based counsel Mohammad Al-Ammar and Dubai-based associate James Stull assisted with the transactions.

King & Spalding has one of the premier Islamic finance and Middle Eastern investment practices worldwide with nearly 20 lawyers in New York, London, Dubai, Abu Dhabi, Riyadh (affiliated office) and Atlanta who devote substantially all their time to Shari'ah-compliant finance and investment transactions. This core group is supported by over 30 corporate, real estate, finance, energy and tax lawyers who are regularly involved in these transactions.

About King & Spalding

Now in its 125th year, King & Spalding is an international law firm with more than 800 lawyers in Abu Dhabi, Atlanta, Austin, Charlotte, Dubai, Frankfurt, Houston, London, New York, Paris, Riyadh (affiliated office), San Francisco, Silicon Valley and Washington, D.C. The firm represents half of the Fortune 100 and, according to a Corporate Counsel survey in August 2009, ranks fifth in its total number of representations of those companies. For additional information, visit www.kslaw.com.

Contact Information: Contact: King & Spalding Les Zuke +1 212 827 4392 lzuke@kslaw.com