November 1st, 2016 – Kuwait City, Kuwait – Meysan A.T Partners, the Kuwait based corporate law firm, advised Ahli United Bank on its international issuance of USD 200 Million Tier 1 Capital Sukuk which is the first Basel III compliant Sukuk issuance for the bank. The issuance will enhance the bank’s capital base in line with Basel III guidelines.
Meysan Partners worked closely with the bank and with the joint lead managers, Citigroup, Crédit Agricole CIB, Credit Suisse and Kuwait and Middle East Financial Investment Company on the structuring of the issuance, the transaction documents and the management of the regulatory processes. Meysan Partners further represented the obligor, Ahli United Bank, before the Capital Markets Authority in Kuwait to secure the approvals on the issuance and the onshore offering and marketing of the Sukuk in Kuwait.
The Meysan Partners team was led by Abdul Aziz Al-Yaqout and Tarek Yehya. Meysan A.T. Partners was awarded IFLR’s “Debt and Equity-Linked Deal of the Year” in October 2016 for its role in the Boubyan Bank Tier 1 Sukuk Issuance.
-Ends-
About Meysan A.T Partners
Meysan A.T. 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 45 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 A.T. was awarded the IFLR’s ‘Rising Star Law Firm 2015’ and in 2015 and in 2016 it was shortlisted by The Oath for ‘Best Regional Firm’ and was awarded the IFLR’s “Debt and Equity-Linked Deal of the Year” in October 2016 for its services in the Boubyan Bank Tier 1 Sukuk Issuance.
For further information, please visit www.meysan.com
Media Contacts:
Email: media@meysan.com
Tel: +965 22051000
© Press Release 2016
