Kuwait City, Kuwait – Meysan Partners, the Kuwait based corporate law firm, acted as exclusive advisor for Mobile Telecommunications Company (Zain), a leading telecom pioneer in eight markets across the Middle East and Africa, in a transaction for the sale of Zain’s entire block of treasury shares, representing 9.84% of Zain’s fully paid up and issued share capital, to Oman Telecommunications Company for a transaction value that may exceed KD 255 Million.
This transaction will significantly enhance Zain’s strategic and financial flexibility at a time where it continues to seek opportunities in the digital space and invest in upgrading its modern networks to enhance the mobile experience for its customers.
This transaction demonstrates the extent of expertise and capability that Meysan could mobilize for major cross-border transactions. The transaction involved sensitive M&A, and Capital Markets elements that marked a precedent in the practice in Kuwait.
Meysan Partners M&A team was led by senior partner Bader El-Jeaan and partner Michael Yadgar, and Capital Markets senior partner Abdulaziz Al Yaqout, and partner Tarek Yehya.