Meysan is delighted to announce its role as the sole legal advisor to Universe Group United Holding Company KSCC in the pivotal divestiture of its majority share in Universe Education Company KSCC. Universe Education Company KSCC is the prestigious owner and operator of Dasman Bilingual School, a leading educational institution in Kuwait. This significant transaction involves the transfer of ownership to Cognita, a globally recognized group of international private schools.
Meysan undertook an extensive range of duties in this transaction, encompassing the structuring of the deal, along with the drafting and negotiation of all transaction documents. The firm was instrumental in ensuring that Universe Group met all necessary conditions precedent and took the required steps before the completion of the deal, leading to the successful finalization of the transaction.
In navigating the complex regulatory landscape, Meysan, together with Cognita’s counsel, facilitated the required approvals from relevant authorities, including the Competition Protection Agency (CPA). This process ensured compliance with all regulatory requirements, paving the way for the seamless progression of the transaction. The closing of the transaction marked the successful transition of ownership from Universe Group to Cognita, leading to a smooth and efficient closing process.
The Meysan team was led by partner Tarek Yehya with support from counsel Lama Abou Ali, senior associate Hassan Elsayed, and senior associate Samar Jrade.
We are proud to have acted as legal counsel to the Lead Manager and Subscription Agent Kuwait Financial Centre (Markaz) in relation to the successful issuance by Commercial Bank of Kuwait (Al-Tijari) of the Second Tranche of Basel III compliant Tier 2 Bonds with value of KWD 50 million and… Read more
We are delighted to announce Meysan’s role as Kuwait law counsel to Warba Bank K.S.C.P., as obligor, in updating the $2 billion Trust Certificate Programme of Warba Sukuk Limited to incorporate a Sustainable Sukuk Issuance Framework and its first issuance of Sustainable Trust Certificates of $500 million (5.351%). This groundbreaking issuance marks the first-ever… Read more
This success will ensure the uninterrupted French language broadcast of CAF tournaments on Pay-TV platforms in 13 sub-Saharan jurisdictions until 2028. The investigation, which commenced in 2017, concluded with the COMESA Competition Commission’s recommendation that the exclusive broadcasting agreement between CAF and Canal+ be terminated at the end of 2024,… Read more
Kuwait June 11, 2024 - Meysan advised Beyout Investment Group Holding (“BIG”), a family business group managing integrated services portfolios, on the successful offering of 90,000,000 ordinary shares, representing 30% of BIG issued share capital and its listing on the Premier Market of the Kuwait Stock Exchange. This landmark transaction… Read more
Abu Dhabi — A team of lawyers from international law firm Meysan recently acted as legal advisor to Agility Public Warehousing Company KSCP (“Agility”) on the successful direct listing on the main market of the Abu Dhabi Securities Exchange (ADX) of shares in subsidiary, Agility Global PLC (“Agility Global”). Agility Global is a… Read more
Meysan Partners’ Riyadh office provided advisory services to ALLUB Industrial Company, a subsidiary of a large Kuwait based group (“Allub”), regarding the acquisition of 100% stake of Al Aber Global Industrial Company, a leading group operating in transformative industries and construction services in Saudi Arabia. The planned acquisition was executed… Read more