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King & Spalding has beefed up its Dubai office with the hire of Norton Rose debt capital markets chief Rizwan Kanji.
Besides his capital markets expertise, Kanji brings a wealth of experience advising on Islamic financing. He acted on the first ever Turkish sukuk - a $100m (£62m) offering by Kuvyet Turk Katilim Bankasi - as well as the first sovereign sukuk to be listed on the London Stock Exchange.
King & Spalding Dubai, Abu Dhabi and Riyadh managing partner Jawad Ali said: “Building our debt capital markets and sukuk practice is an important component of the firm’s strategy in the region, both on a stand-alone basis and as part of our Islamic finance, projects and project finance practice.”
Middle East and Islamic finance chief Isam Salah added: “The Middle East is a key element of our firm’s strategy for international growth, and we expect to see continued growth in sukuk offerings in the region and in other capital markets.
“Rizwan’s recognised expertise in debt capital markets work complements our award-winning reputation for property investments, private equity deals and fund formations throughout the region.”