Meysan Partners, one of the region’s leading law firms, announced today it has acted as legal advisor to the winning consortium (“Consortium”) in relation to the privatization of Boursa Kuwait.
The Consortium included National Investment Company, First International Company, Arzan Financial Group for Financing and Investment and Athens Stock Exchange SA Holding (the qualified international operator). The Consortium will acquire a 44% equity stake in Boursa Kuwait. The Consortium offered 237 Kuwaiti Fils per share in exchange for the 44% equity stake purchase. 50% of Boursa Kuwait’s equity will be sold to the public through an IPO, and the remaining 6% will continue to be owned by the Public Institution for Social Security (PIFSS).
Michel G. Ghanem, Counsel at Meysan Partners commented: “It was a pleasure working alongside the Consortium members and contributing to the development, growth and success of an esteemed Kuwaiti Institution like the Boursa. The success of our work with the Consortium highlights Meysan’s capabilities in the privatization sector and is a further testimony of our firm’s credentials and our ability to advise on high profile transactions“.
The Meysan team was led by counsel Michel G. Ghanem, with assistance from associate Dr. Abdulwahab Sadeq.