Meysan Partners is pleased to announce its pivotal role in advising Ooredoo Kuwait on a landmark transaction involving its towers in Kuwait for the creation of the largest independent tower company in the MENA region, boasting a combined value of 2.2 billion USD.

Our team at Meysan Partners played a crucial role in this monumental transaction, undertaking comprehensive vendor due diligence related to Ooredoo Kuwait’s towers. The team was instrumental in shaping all-encompassing project documentation for Ooredoo Kuwait comprising transaction and closing documents, which are yet to be processed and materialized. In addition, Meysan Partners provided vital counsel to Ooredoo Kuwait and group on all capital markets considerations and requisites including, necessary valuation exercises, corporate approvals and disclosures. Our expertise in this arena ensured a comprehensive and compliant approach to all aspects of the transaction.

The newly formed entity is set to interconnect over 30,000 telecommunication towers spanning Qatar, Kuwait, Algeria, Tunisia, Iraq, and Jordan. This strategic move firmly establishes the MENA region on the global telecom tower map. Operating under an independent model, the restructured company will provide passive infrastructure as a service throughout the region.

As the transaction progresses towards its closing phase, Meysan Partners will continue to play a key role in closing the process. Our team is actively involved in assisting the parties in meeting the Kuwait conditions precedent for closure. This involves navigating through regulatory requirements, filing necessary applications, and obtaining all regulatory approvals to ensure a successful conclusion to this transformative venture.

Meysan Partners’ expert legal team, led by partner Tarek Yehya and Senior Associate Lama Abou Ali, navigated the complexities of this cross-border deal. The team’s dedication and expertise contributed to the realization of this significant milestone, solidifying our commitment to delivering exceptional legal expertise in complex transactions within the region.

“We are thrilled to have collaborated with Ooredoo Kuwait on this groundbreaking deal,” expressed Tarek Yehya, partner Meysan Partners. “The creation of this tower company marks a significant milestone for the leading telecom operators and reinforces the MENA region’s prominence in the global telecommunications landscape.”

With a commitment to excellence, Meysan Partners stands as a trusted partner in navigating complex transactions and legal matters.

Meysan Advises Shareholders of Upayments on the Sale to National Bank of Kuwait
Meysan Advises Shareholders of Upayments on the Sale to National Bank of Kuwait

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… Read more

Meysan Advises National Investments Company (NIC) on the Sale of 6.5 Million Shares, Representing 3% of Boursa Kuwait’s Capital
Meysan Advises National Investments Comp...

Meysan is pleased to announce its role as legal advisor in the successful execution of National Investments Company’s (NIC) partial exit from Boursa Kuwait. This landmark transaction involved the sale of 6.5 million shares, constituting 3% of Boursa Kuwait’s capital, for a total value of KD 13.3 million. This achievement… Read more

Meysan and Hammad & Al-Mehdar Announce Strategic Alliance
Meysan and Hammad & Al-Mehdar Annou...

Meysan, a renowned law firm known for its expertise in high-stakes litigation, corporate transactions, and advisory services, has joined forces with Hammad & Al-Mehdar Lawyers and Legal Consultants, a leading law firm with offices in Jeddah, Riyadh, Khobar, and Abu Dhabi. This alliance combines the expertise and knowledge of both… Read more

Meysan advised Gulf Insurance Group on their exit from Buruj Cooperative Company
Meysan advised Gulf Insurance Group on t...

Meysan advised Gulf Insurance Group K.S.C.P. (“GIG”), a major insurance group in the MENA region listed on Boursa Kuwait, on their full exit from Buruj Cooperative Company by way of sale of their stake to Cigalah Multi Industries Limited Liability Company.  The exit was successfully completed with the sale of… Read more

AGILITY SECURES ANOTHER BILLION-DOLLAR WIN AGAINST IRAQ KOREK TELECOM.
AGILITY SECURES ANOTHER BILLION-DOLLAR W...

On September 9, 2024, Meysan secured a USD 1.3 billion Final Award for Iraq Telecom, a subsidiary of Agility Logistics, in ICC Arbitration proceedings against Korek Telecom, a major Iraqi telecommunications company.  The dispute related to Korek’s guarantee of the obligations of its DIFC-registered holding company International Holdings Limited (IH)… Read more

Meysan is delighted to announce its role as legal counsel in the successful completion of Arabi Holding Group Company K.S.C. (“Arabi”) capital increase.
Meysan is delighted to announce its role...

Meysan is delighted to announce its role as legal counsel in the successful completion of Arabi Holding Group Company K.S.C. (“Arabi”) capital increase of KWD 36,322,070.820 through a rights issue. The offering of 172,962,242 ordinary shares at an offer price of 210 Kuwaiti Fils per share to existing shareholders raised… Read more