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 the completion of the KWD 100 million Subordinated Tier 2 Bonds Programme.
After Meysan played a pivotal role in relation to both the establishment of the Programme in July 2023, which marked the first-ever Kuwaiti Dinar denominated Bonds Programme setup in Kuwait, and the issuance of the KWD 50 million First Tranche Bonds thereunder in September 2023, Meysan acted once again as the legal counsel of Markaz in the issuance of the Second Tranche within the Programme.
Meysan provided both Markaz and Al-Tijari with the legal expertise and support throughout the entire process related to the Programme setup and the First and Second Tranches’ issuances, by advising them on corporate and regulatory approval requirements, filing and securing approvals from the Central Bank of Kuwait and Kuwait Capital Market Authority, as well as drafting and negotiating the transaction documents and offering documentation.
The Second Tranche issuance of KWD 50 million Basel III compliant Tier 2 Bonds with a tenure of 10 years callable after 5 years, was successfully completed in record time. Our team worked closely with Markaz and Tijari to secure the relevant regulatory approvals and ensure timely completion of the issuance process.
Meysan’s team was led by Partner Tarek Yehya, joined by Senior Associate Samar Jrade and Associate Nour Mashmoushi.
Meysan is excited to announce our sponsorship of the talented squash player Moustafa El Sirty, a rising star in the sport with an impressive track record and a bright future ahead. Mostafa El Sirty, an exceptional Egyptian talent, with a previous career-high ranking of 22 and former junior world number… Read more
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