11 July 2016
Kuwait City, Kuwait  - Meysan Partners, the Kuwait based corporate law firm, has advised National Bank of Kuwait (NBK), the Middle East's largest regional bank, on the issuance of new shares representing circa KWD 137,000,000. The latest issuance will enhance the bank's capital base and is in line with Basel III guidelines.

Meysan Partners advised on various streams of the transaction including the issuance documents and the management of the regulatory processes with the Capital Markets Authority and the Kuwait Clearing Company.

The firm further represented NBK before the Capital Markets Authority in Kuwait to secure the necessary approvals on the issuance and the offering of the rights issue in Kuwait. The transaction represents the first rights issue for a leading bank under the new regulations issued by the Capital Markets Authority in November 2015.

Meysan Partners team was led by Abdul Aziz Al-Yaqout and Tarek Yehya.

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About Meysan Partners
Meysan Partners is a Kuwait-based corporate law firm offering high quality, innovative legal advice delivered by a team of highly-experienced Arabic and English speaking lawyers.  This is underpinned by over 35 years of combined experience in the Middle East shared by its partners who, in recent years, have advised clients across a range of industry sectors on some of the most noteworthy and complex transactions in the region.

In September 2015, Meysan was awarded the IFLR's 'Rising Star Law Firm 2015' and in October 2015 it was shortlisted by The Oath for 'Best Regional Firm'.

For further information, please visit www.meysan.com
Media
Contacts:
Email: Karen.morrison@alyaqout.com
Tel
: +971 564662656

© Press Release 2016