Recognized for its exceptional service in the Middle East’s Credit Market
Kuwait – 7 December 2017: ASAR – Al Ruwayeh & Partners (ASAR), Kuwait’s leading and most prominent corporate law firm, and one of the region’s top tier firms, is pleased to announce that it was recognized for its exceptional service in relation to the Investment Grade Bond Deal of the Year Award and the Trade and Export Finance Deal of the Year Award at the Bonds, Loans and Sukuk Awards ceremony which was held on 7 December 2017 at the Ritz-Carlton Hotel in Dubai.
In respect to the Investment Grade Bond Deal of the Year, ASAR acted as Kuwait law counsel to the managing banks in relation to the establishment of, and US$2.25 billion debut issuance under, the GMTN Programme for the EQUATE Petrochemical Group in Kuwait.
In addition, ASAR was also at the same awards ceremony recognized for its exceptional service in relation to the Trade and Export Finance Deal of the Year Award, where ASAR acted as Kuwait law counsel to the global finance parties in relation to the US$6.245 billion ECA backed facility of Kuwait National Petroleum Company.
Mr. Sam Habbas– Senior Partner at ASAR noted that: “It was a successful evening for the firm at this year’s Bonds, Loans and Sukuk Awards ceremony in Dubai. We are delighted to have been recognized for our exceptional service in respect to the Investment Grade Bond Deal of the Year and Trade and Export Finance Deal of the Year Awards. We feel that this is a testament to the strength of our position as market leaders in the legal industry in Kuwait and Bahrain. It is also a reflection of our consistent diligence and commitment in providing quality legal services of the highest caliber.”
Ahmed Barakat – Managing Partner at ASAR noted that: “It is a great honor for our firm to have been well recognized at the awards evening in Dubai. These awards affirm our legal expertise in the debt capital markets and banking and finance arenas and highlight the nature and extent to which we continue to forge ahead in leading the market in Kuwait. These awards reflect the strength and depth of our practice and the extra-ordinary efforts of all of our lawyers in ASAR. Always putting our client’s first is a non-negotiable principle of our firm; their success is our success.”
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, Bahrain, 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 (IFLR) and the Legal 500. In 2017, ASAR was awarded with the “IFLR National Law Firm of the Year Award”; an award which ASAR has been delighted to receive for the 9th consecutive year. Also in 2017, the firm won the “IFLR M&A Deal of the Year Award” and the “IFLR Restructuring Deal of the Year Award”.