Meysan Partners acted as sole legal advisor to Integrated Holding Company (IHC) and Watani Investment Company (NBK Capital) on IHC’s KWD 130 million IPO and admission for trading on Boursa Kuwait premier market.

IHC, the largest crane operator in the Middle East focused on the oil, gas and energy sectors and NBK Capital have successfully closed the private placement of around 76 million shares of IHC at a price of 730 fils per share and raised more than 130 million dinars. The number of investors in the private placement exceeded 1,000, making the company eligible to list on Boursa Kuwait’s premier market.

The IPO and listing were completed under the CMA listing rules and the new Boursa Kuwait Rule Book issued earlier this year in April 2018.

Meysan Partners team advising on the transaction, led by partner Tarek Yehya, included associates Mazen Zain and Abdulwahab Al Sadeq.