Meysan Partners announced today it has advised the shareholders of the Saudi Aluminum Industries Company on the sale of 33.33% of the company to Increase Industrial Development Co, a Saudi group led by Saleh Al Hossan.
Meysan acted as sole legal counsel to the shareholders on various aspects of the transaction, including advice on restructuring, negotiating the transaction documents, and will be advising through to completion.
The Meysan team was co-led by Partners Faisal Al Hoshan (dispute) and Michel G. Ghanem (corporate), with support from Counsel Neyla Rahal.
Michel comments: “We are delighted to have worked alongside the shareholders on this strategic divestment. Acting as sole legal counsel, our effective collaboration and unrivalled restructuring experience enabled us to reach a successful outcome.”
Completion of the transaction remains subject to securing standard regulatory approvals.
In a major Victory for Agility, this Action is a Bellwether of Whether there is a True Rule of Law for Those Who Invest in Iraq Three years ago, an international arbitration tribunal constituted under the auspices of the International Centre for the Settlement of Investment Disputes (ICSID) denied claims… Read more
In a landmark decision, Meysan succeeded in obtaining an administrative court ruling overturning a decision by Kuwait’s Capital Markets Authority. Meysan represented a shareholder in a local logistics company who submitted a whistleblower complaint to the CMA, alleging that the company had failed to properly comply with local disclosure obligations,… Read more
Abu Dhabi, UAE - In a significant legal victory, Meysan has successfully secured a favorable judgment for its client, Al Farwaniyah Property Developments LLC, in a high-stakes litigation involving claims exceeding 137,000,000 UAE dirhams. The case originated when a bank initiated legal proceedings against Al Farwaniyah and other parties, seeking… Read more
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… Read more
Meysan Secures $490 million Judgment in favor of Agility against Kurdistan Kuwait – January 31, 2024. In a landmark ruling, the Kuwaiti Court of Cassation rejected an appeal lodged by the Kurdistan Regional Government against a ruling of Kuwait’s Court of Appeal in favor of Alcazar Capital, a subsidiary of… Read more
The Cairo office of Meysan successfully represented professional squash player, Moustafa El Sirty, resulting in his return to the courts with immediate effect after the International Testing Agency (ITA) had sought to impose a two-year suspension. In January of 2023, the ITA informed El Sirty that he had triggered an… Read more