Mubasher: ASAR Legal and Al Hossam Legal Al Turqi & Partners have acted as legal counsel as part of the advisory team to the Capital Markets Authority (CMA) regarding the privatisation of Boursa Kuwait, according to a recent press release.
Boursa Kuwait has culminated with the sale by the CMA of 44% of its shares held in the capital of Boursa Kuwait through a developed bidding process, the press release added.
“This resulted in the winning bid being placed by the international consortium comprised of the Athens Stock Exchange, National Investments Company, Al Oula Investment and Arzan Financial Group,” the press release said.
“This privatisation transaction is an example of our consistent diligence and commitment in providing quality legal services of the highest caliber,” Counsel at ASAR Legal Robert Little commented.
Legal counsel and managing partner at Al-Hossam Legal Hossam Abdullah said, “The privatisation process required strenuous efforts by various specialised teams, including the legal team which worked for almost one year on the transaction and spent in excess of than 1000 hours on the same.”
He added, “We are proud to have been be part of this national endeavor and to have contributed to Kuwait's vision 2035 and beyond.”
