Tarek Yehya
Tarek Yehya
Partner
Neyla Rahal
Neyla Rahal
Counsel
Samar Jrade
Samar Jrade
Senior Associate

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 the entire 8,550,000 equity shares held by GIG, representing 28.5% of the share capital of Buruj Cooperative Company, a large insurance company in Saudi Arabia listed on the Saudi stock exchange Tadawul. 

The transaction was executed through off-market trades for a total consideration of 121,837,500 Saudi Riyals and ran through various regulatory approvals in Saudi Arabia, including Saudi Insurance Authority, Saudi Central Bank (SAMA), Capital Market Authority, and General Authority of Competition, and entailed public announcements on Tadawul and Boursa Kuwait.

The Meysan team advising on the transaction was led by partner Tarek Yehya, counsel Neyla Rahal, and senior associate Samar Jrade.

Kuwait: Legal Reforms and Their Impact on Equality, Society, and Child Protection
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Kuwait has recently introduced three significant legal reforms marking a major step towards strengthening human rights, gender equality, and child protection. These legislative amendments include: Raising the Minimum Marriage Age to 18: Decree Law No. 10 of 2025 amending Article 26 of Law No. 51 of 1984 (Personal Status Law)… Read more

Meysan Launches a new Initiative to Sponsor Talented Junior Squash Players in Partnership with Leading Squash Academies in Cairo and Dubai
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Meysan Advises National Investments Company (NIC) on the Sale of 6.5 Million Shares, Representing 3% of Boursa Kuwait’s Capital
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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