ASAR acts as legal counsel to Boubyan Bank associated in Zain Kuwait’s $250 million four-year Murabaha facility
ASAR – Al Ruwayeh & Partners (ASAR), Kuwait’s leading corporate law firm, and one of the region’s top tier firms, was appointed as Kuwait legal counsel to Boubyan Bank in relation to a US$250 million four-year Murabaha facility from a syndicate of financial institutions led by Boubyan Bank and with the participation of Kuwait International Bank and Qatar Islamic Bank. The murabaha facility was signed to meet Zain Group’s ambitious financial needs across its operational and future expansion plans.
Rob Little, Partner at ASAR – Al Ruwayeh & Partners said: “Our expertise in this particular deal benchmarks the firms capabilities in assisting organizations and financial institutions in furthering their corporate objectives. Our clients are our partners in success, and we are therefore, responsible for guaranteeing exceptional legal support that abide by the local and regional legal framework. Today’s announcement is yet another step forward for ASAR to fully represent the proficiency it enjoys, and we look forward to continue to assist our existing and new client’s in achieving their goals and corporate objectives.”
Mr. John Cunha, Partner at ASAR – Al Ruwayeh & Partners added: “With companies who are well poised for a profitable footprint into regional and emerging markets, our firm is proud to be an integral part of this robust growth movement that will reap economic success. The fact that we are ordinarily retained by leading local and international financial institutions to attend to their banking and finance transactions is a testament to ASAR’s strong reputation in the market and our capability as specialists in this field of the law .”
With dedicated offices in Kuwait and Bahrain coupled with its associated offices and relationships, ASAR provides clients across an extensive range of industry sectors with comprehensive legal advice and support for their business activities in Kuwait, across the GCC and beyond.
The firm has been consistently rated as the leading corporate and commercial law firm in Kuwait by reputable legal guides such as the Chambers Global Guide, International Financial Law Review and the Legal 500. In 2013, ASAR was named as the “National Law Firm of the Year” by the International Financial Law Review (IFLR), the market-leading guide for financial law firms worldwide. The firm also won the “Best Restructuring Deal in the Middle East” award by IFLR during the same year.