Meysan has successfully advised the shareholders of Upayments Electronic Payment and Settlement Systems KSCC, a leading fintech solutions provider, on their partial exit through the sale of a 51% stake in the company to the National Bank of Kuwait (NBK).
Upayments, founded in 2016, is a prominent provider of online payment solutions, revolutionizing business financial transactions with cutting-edge digital payment services tailored to businesses and entrepreneurs. This strategic transaction further solidifies Upayments’ position as a key innovator in the fintech industry and marks an important milestone in its growth journey.
The transaction involved navigating multiple regulatory approvals in Kuwait, including clearances from the Central Bank of Kuwait, and the Competition Protection Authority.
Meysan’s team played a pivotal role in ensuring the transaction’s success. This included reviewing and negotiating key transaction documents, as well as drafting operational agreements for the company’s post-completion phase. The team maintained constant coordination between all contracting parties and engaged with regulatory authorities to guarantee compliance with legal requirements and deadlines.
The Meysan team advising on this landmark transaction was led by Partner Dr. Abdulwahab Sadeq and Counsel Neyla Rahal, demonstrating Meysan’s commitment to providing exceptional legal counsel in high-stakes transactions.
This deal represents another significant achievement in Meysan’s ongoing efforts to support the region’s most dynamic and innovative companies in realizing their strategic objectives.
KUWAIT CITY, June 15,2025 - Meysan Partners successfully advised the Joint Lead Managers as Kuwait counsel on Boubyan Bank's US$500 million senior unsecured Sukuk issuance under its US$3 billion Trust Certificate Issuance Programme. Transaction Overview: The transaction marks Boubyan bank’s return to the debt market after 3 years • 4.2… Read more
Meysan acted as Kuwait counsel to Warba Bank K.S.C.P. (“Warba”), in its successful issuance of a US$250 million Perpetual Additional Tier 1 Capital Sukuk through its SPV, Warba Tier 1 Sukuk (3) Limited. This successful transaction marks the first US Dollar AT1 issuance from Kuwait in 2025, and the first… Read more
As part of Meysan’s continued commitment to contributing to the legal discourse in the region, Dr. Abdulwahab Sadeq, Partner and Head of the Competition Practice, was a featured speaker at the inaugural GCR MENA Conference in Dubai. The event brought together prominent legal practitioners, regulators, and economists to explore emerging… Read more
Confederation Africaine de Football (CAF)'s $400 Million+ broadcast investigation into its agreement with beIN Sports concludes; leading #African and #Middle #Eastern law firms played key roles behind the scenes. Meysan's Partner Tarek Badawy, Senior Associates Salma Abdelaziz and Ismail Lamie, and Associate Aya El Far advised CAF; beIN was represented… Read more
Kuwait has recently introduced three significant legal reforms marking a major step towards strengthening human rights, gender equality, and child protection. These legislative amendments include: Raising the Minimum Marriage Age to 18: Decree Law No. 10 of 2025 amending Article 26 of Law No. 51 of 1984 (Personal Status Law)… Read more
Dubai/Cairo— Meysan, a leading law firm in the Middle East, announced that it has entered into a strategic alliance with Shoukry Squash Academy in Egypt and Maqbool Squash in the United Arab Emirates to develop MeysanElite, a groundbreaking initiative aimed at nurturing young squash talents across the Arab world. Meysan… Read more