The fund’s sponsors are Al Rajhi Capital Company and RA Bahrain B.S.C.(c) (formerly known as Arcapita Bank).

Since its inception in 2010, the fund acquired assets in the logistics, retail and warehousing sectors in United Arab Emirates and Saudi Arabia. In the last two years, the fund delivered an average annualized yield of 7.2 percent and distributed an annual yield in excess of 9 percent, with approximately 18 percent growth in net asset value.

The King & Spalding team on the sale transaction was led by New York and Dubai partner Benjamin Newland and included Dubai and Riyadh partner Nabil Issa and Abu Dhabi counsel Moustafa Said. All are members of the firm’s Middle East and Islamic Finance Group.

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 900 lawyers in 18 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.