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 payment solutions, revolutionizing business financial transactions with cutting-edge digital payment services tailored to businesses and entrepreneurs. This strategic transaction further solidifies Upayments’ position as a key innovator in the fintech industry and marks an important milestone in its growth journey.
The transaction involved navigating multiple regulatory approvals in Kuwait, including clearances from the Central Bank of Kuwait, and the Competition Protection Authority.
Meysan’s team played a pivotal role in ensuring the transaction’s success. This included reviewing and negotiating key transaction documents, as well as drafting operational agreements for the company’s post-completion phase. The team maintained constant coordination between all contracting parties and engaged with regulatory authorities to guarantee compliance with legal requirements and deadlines.
The Meysan team advising on this landmark transaction was led by Partner Dr. Abdulwahab Sadeq and Counsel Neyla Rahal, demonstrating Meysan’s commitment to providing exceptional legal counsel in high-stakes transactions.
This deal represents another significant achievement in Meysan’s ongoing efforts to support the region’s most dynamic and innovative companies in realizing their strategic objectives.
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
Dubai/Cairo— Meysan, a leading law firm in the Middle East, announced that it has entered into a strategic alliance with Shoukry Squash Academy in Egypt and Maqbool Squash in the United Arab Emirates to develop MeysanElite, a groundbreaking initiative aimed at nurturing young squash talents across the Arab world. Meysan… Read more
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 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, 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 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