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 sustainable issuance out of Kuwait since the introduction of the rules regulating the issuance of sustainable bonds and sukuk under the Kuwait Capital Market Law in 2022.
The issuance attracted high demand from global investors with total orders reaching $1.8 billion exceeding the issue size with oversubscription of 3.6% times. The five-year Sustainable Certificates have a Sukuk Al-Wakala/Murabaha structure, and their proceeds will be used by Warba Bank to finance sustainable projects in accordance with its Sustainability Finance Framework, which includes initiatives focused on renewable energy, sustainable water management, and community development projects that meet standards supporting environmental, social and institutional governance. The Sustainable Certificates have been listed on London stock Exchange International Securities Market and Nasdaq Dubai.
Emirates NBD capital, HSBC and Standard Chartered acted as the Joint Global Coordinators as well as Joint Lead Managers along with Al Rayn Investment LLC, Mashreqbank psc (acting through its Islamic Banking Division), The Islamic Corporation for the Development of the Private Sector, Dubai Islamic Bank PJSC, Boubyan Bank K.S.C.P, Arab Banking Corporation (B.S.C.), and Warba Bank K.S.C.P.
Meysan is proud to have contributed to this significant milestone in advancing sustainable financing in Kuwait and to have played a key role throughout the process until successful closing of the transaction. Meysan’s role encompassed advising Warba Bank on required corporate approvals and regulatory requirements, as well as filing and securing approvals from the Central Bank of Kuwait (CBK) and the CMA with respect to the Programme update and the Green Sukuk issuance. Meysan’s role also covered review of the transaction documentation relating to the Programme update and the relevant issuance.
Meysan’s team was led by Partner Tarek Yehya, joined by Senior Associate Samar Jrade and Associate Nour Mashmoushi.
Subject: Risk and Claims Management in Light of Current Geopolitical Circumstances and Disruptions to Some Business Activities In light of the geopolitical developments and the ongoing war in the region, and the resulting economic and operational impacts, including the disruption of some business activities or the temporary closure of facilities,… Read more
Law No. (10) of 2026 Regulating the Digital Commerce Sector Law No. (10) of 2026 regarding the regulation of the digital commerce sector in Kuwait establishes a legal framework governing commercial activities conducted through digital and electronic platforms within the State of Kuwait. The law aims at regulating the expanding… Read more
Meysan Lawyers & Legal Consultants is pleased to announce its role as legal advisor to Dawi, a Kuwait-based digital health platform enabling patients to access premium healthcare services across the region, in connection with its strategic partnership with Cleveland Clinic Abu Dhabi, a Mubadala Health partner. Through this partnership, Dawi… Read more
Meysan advised on the successful establishment of the KWD 50 million Senior Unsecured Bonds Programme by Kuwait Financial Centre (Markaz) and the issuance of the First Tranche of Bonds with value of KWD 35 million. The First Tranche of the Senior Unsecured Bonds Programme was successfully issued to qualified investors… Read more
Kuwait - Meysan Lawyers and Legal Consultants in Kuwait advised on the offering and listing of the shares of Action Energy Company on Kuwait Stock Exchange – Premier Market with the joint global coordinators and joint bookrunners, National Investments Company, EFG-Hermes UAE Limited and Arqaam Capital Limited. Action Energy Company,… Read more
Meysan has successfully represented a leading global manufacturer in defending against a request to suspend the importation of its products into Egypt. In the context of an ongoing termination dispute with a local distributor, our partner Mourad Haggag and senior associate Ismail Lamie secured a favorable court decision rejecting the… Read more