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. restyle-official.com
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. smaiterpadurupa.sch.id
Authors: Tarek Yehya, Partner // Lama Abou Ali, Counsel // Sara Awaly, AssociateBACKGROUNDIn a recent update to Kuwait’s corporate governance framework, the Capital Markets Authority (the “CMA”) issued Decision No. 56 of 2026 (the “Decision”), amending certain provisions of Module Fifteen (Corporate Governance) of the CMA Executive Bylaws.The Decision was… Read more
OVERVIEW Recent regional developments have created operational challenges for businesses across the GCC, including in Kuwait. In practice, employers may be considering measures such as mandating annual leaves, implementing reduced working hours or part time arrangements, imposing unpaid leave, temporary or permanent salary reductions, temporary suspension of employment and termination,… Read more
Not Every PAI Plot Is At Risk: Why Classification MattersThe Minister of Commerce and Industry, in his capacity as Chairman of the Board of the Public Authority for Industry (“PAI”), has issued Ministerial Resolution No. 8 of 2026 concerning the rules and procedures for the dispossession of plots, sites and… Read more
On 24 April 2026, the Abu Dhabi Global Market (“ADGM”) introduced a series of amendments to its commercial legislative framework, published by the ADGM Registration Authority, marking another important step in the continued evolution of ADGM as a leading international financial center.The amendments reflect ADGM’s ongoing efforts to strengthen corporate… Read more
On 22 April 2026, the Egyptian Parliament approved the new Competition Bill (the “Bill”), which will repeal and replace Law No. 3 of 2005 on the Protection of Competition and Prohibition of Monopolistic Practices (the “Competition Act” or the “Act”). The Bill is currently pending presidential approval, and will enter… Read more
Board Resolution No. 32 of 2026 - Published in the Official Gazette on 5 April 2026 - In Force ImmediatelyAuthors: Abdulwahab Sadeq (Partner), Lama Abou Ali (Counsel), Adel Alasousi (Senior Associate) and Sara Awaly (Associate). aquatechcleaner.com. vkwebsolution.inKEY TAKEAWAYS On 5 April 2026, the Kuwait Competition Protection Agency (the "CPA") published… Read more