Meysan Partners provided the legal advice exclusively to Al Khair National for Stocks and Real Estate Company, the investment arm of Al-Kharafi Group, in a transaction for the sale of 44.8% of its shares (equivalent to 80.7 million shares) in the Heavy Engineering Industries & Shipbuilding Company for a total value of 17.5 million Kuwaiti Dinar.
The process of selling the shares was conducted in two stages, whereby Al Khair Company sold 29.5% of the Company total shares to Financial Centre Company (Markaz) in its capacity as the portfolio manager of the client MHI Holding. The second stage is represented in transferring the ownership of 15.3% of the Company total shares to Al Ahli Bank of Kuwait against settlement of part of the debts of Al Khair National Company towards the Bank.
This transaction indicates the extent of the legal experience and capabilities enjoyed by Meysan Partners in leading and completing mega local and international transactions, whereby the name of Meysan Law Firm is always associated with mega transactions in Kuwait and an indicator for the quality and distinction of the legal advice it provides and the expertise it possesses in this field.
The Firm’s services included structuring the transaction according to the requirements of the parties in light of the rules of the Stock Exchange and the Capital Markets Authority. The senior partner Bader El-Jeean led the acquisition team in the transaction, while the partner Tarek Yehya led the Capital Markets’ team.