Meysan Partners, the Kuwait-based corporate law firm, has been successful at this year’s IFLR Middle East 2016 Awards, winning Best Debt & Equity-Linked Deal of the Year for advising Boubyan Bank in a landmark deal that closed in May of this year.

This is the second year in a row that Meysan has been awarded at the prestigious IFLR ceremony held at Dubai’s Burj al Arab, recognized last year as the region’s Rising Star just nine months after the firm was established.

Bader El-Jeaan, Senior Partner at Meysan Partners, said: “It’s an honor to be awarded for the second year in a row by IFLR at their Middle East ceremony, particularly in these early days for the firm. This latest award is due to the caliber of our hard-working team, who have already established themselves as high-performing and results focused. It also underscores the strength of our capital markets practice. So far this year, Meysan has advised on six of the total eight debt capital market transactions completed in Kuwait.”

Senior Partner at Meysan Partners, Abdul Aziz Al-Yaqout, added: “This deal was a landmark one in many ways, representing the world’s first public fully Basel III-compliant Tier 1 sukuk, while also being the first deal under the new sukuk regulations issued by the Capital Markets Authority in November 2015. This is exactly the sort of complex and high value work that we will continue to deliver for our clients in years to come.”

Meysan Partners worked closely with the joint lead managers, Standard Chartered Bank and HSBC and Boubyan Capital Investment Company on the structuring of the issuance, the transaction documents and the management of the regulatory processes. Meysan Partners further represented the obligor, Boubyan Bank, before the Capital Markets Authority in Kuwait to secure the approvals on the issuance and the onshore offering and marketing of the Sukuk in Kuwait.

The firm successfully advised the bank in reaching a closing of the issuance locally and internationally with a remarkable oversubscription by more than 5 times the targeted amount, reaching USD 1.3 billion. Meysan Partners team was led by Abdul Aziz Al-Yaqout and Tarek Yehya.