National Consumer Holding company (NCHC), a leading industrial investment company based out of Kuwait, has entered into a binding agreement to acquire Cozmo Entertainment General Trading (Cozmo).
Meysan, a leading corporate law firm in Kuwait, played a major role in helping NCHC sign binding documentation for the acquisition of 100 per cent of the share capital of Cozmo.
With a network of more than seven outlets, Cozmo is one of the largest operators of entertainment chains in Kuwait. The transaction remains subject to receipt of regulatory approvals and satisfaction of customary closing conditions and is expected to close later this year.
Meysan’s team comprised Michel G. Ghanem, partner, besides Salwa Abdallah, senior associate, and Rosy Rizk, trainee associate.
With dedicated offices in Kuwait, the UAE, Saudi Arabia, Egypt, and Lebanon, Meysan provides clients across an extensive range of industry sectors with comprehensive legal advice and support for their business activities across the Middle East and beyond.
Authors: Tarek Yehya, Partner // Lama Abou Ali, Counsel // Sara Awaly, Associate BACKGROUND In 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.… 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 Matters The 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… 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… Read more
Board Resolution No. 32 of 2026 - Published in the Official Gazette on 5 April 2026 - In Force Immediately Authors: Abdulwahab Sadeq (Partner), Lama Abou Ali (Counsel), Adel Alasousi (Senior Associate) and Sara Awaly (Associate). aquatechcleaner.com. KEY TAKEAWAYS On 5 April 2026, the Kuwait Competition Protection Agency (the "CPA")… Read more
Over the past few weeks, Dubai has introduced a series of laws that, when viewed together, signal something much broader than routine regulatory updates. This is not incremental reform. It reflects a structural shift in how regulation is conceived and enforced. The issuance of Dubai Law No. (3) of 2026,… Read more