Meysan Partners advises NBK on latest rights issue

Meysan Partners 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.