Arkan wins final ruling in major industrial company ownership case

Arkan Legal Consultants has secured a final court judgment in favour of its client, resulting in the dismissal of a claim seeking to establish the transfer of ownership and sale of shares in a major industrial company operating in Kuwait and across the GCC.

The dispute concerned 45 per cent of the company’s total shares, with an estimated value of 200 million USD, the court ruled that the sale agreement and the extraordinary general assembly convened on its basis were invalid, confirming the continued ownership and full rights of Arkan’s client and the legal invalidity of the procedures undertaken.

The judgment represents a significant affirmation of shareholder protection and the strict application of legal requirements in high-value corporate transactions.

The defense team was led by counsel Ali Al-Thuwaimer and senior counsel Lotfi Hashem, whose strategic advocacy resulted in a decisive outcome.