Meysan advised Gulf Insurance Group K.S.C.P. (“GIG”), a major insurance group in the MENA region listed on Boursa Kuwait, on their full exit from Buruj Cooperative Company by way of sale of their stake to Cigalah Multi Industries Limited Liability Company. The exit was successfully completed with the sale of the entire 8,550,000 equity shares held by GIG, representing 28.5% of the share capital of Buruj Cooperative Company, a large insurance company in Saudi Arabia listed on the Saudi stock exchange Tadawul.
The transaction was executed through off-market trades for a total consideration of 121,837,500 Saudi Riyals and ran through various regulatory approvals in Saudi Arabia, including Saudi Insurance Authority, Saudi Central Bank (SAMA), Capital Market Authority, and General Authority of Competition, and entailed public announcements on Tadawul and Boursa Kuwait.
The Meysan team advising on the transaction was led by partner Tarek Yehya, counsel Neyla Rahal, and senior associate Samar Jrade.
Overview In a significant development for the UAE’s climate governance framework, the Ministry of Climate Change and Environment (“MOCCAE” or the “Ministry”) launched on 15 October 2025, during GITEX GLOBAL 2025 in Dubai, the Integrated Emissions Quantification Tool (the “IEQT”) as part of the National Measurement, Reporting, and Verification (“MRV”)… Read more
We are pleased to announce that we advised and assisted Al-Mansour Automotive Group regarding the main agreements for the MAC Automotive Plant, an automotive manufacturing facility in 6th of October City, Egypt, for which the foundation stone was laid earlier this week. The project aligns with Egypt’s strategy to localize… Read more
Meysan is pleased to announce that it has acted as legal counsel to Dawi, a leading digital healthcare platform, in its latest investment round, which included a significant strategic investment by Aayan Investment Company. As part of this transaction, Aayan acquired a 30% equity stake in Dawi, marking a pivotal… Read more
Meysan’s legal team, led by Partner Waleed Al-Tattan and Senior Counsel Tarek Diab, achieved a significant court victory on behalf of one of Saudi Arabia’s largest banks. The team successfully obtained two rulings from the Kuwaiti courts enforcing execution orders issued by a Saudi enforcement judge against two Kuwaiti guarantors, with a combined value… Read more
In one of the most high-profile and complex commercial agency disputes in Kuwait’s legal history, a Kuwaiti company filed multiple lawsuits against one of the world’s largest European automotive manufacturers, seeking KWD 320 million (approx. USD 1.04 billion) in damages. The dispute centered around the termination of an exclusive distribution… Read more
The Kuwait Constitutional Court issued another significant ruling on 25 June 2025 (the "June Ruling") which was published in the Official Gazette on 20 July 2025, declaring that Article 34(5) of the Competition Protection Agency Law No. 72 of 2020 (the “CPA Law”) is unconstitutional. This ruling highlights ongoing constitutional… Read more