ASAR – Al Ruwayeh & Partners (ASAR), Kuwait’s leading tier 1 corporate and commercial law firm, is pleased to announce that it has been awarded three prestigious accolades at the IFN Awards 2023 which took place at the Conrad Hotel, Dubai. ASAR was honored to take home ‘Kuwait Deal of the Year 2022’, ‘M&A Deal of the Year 2022’, and ‘Overall IFN Deal of the Year 2022’ trophies, which were received by Partners, Ezekiel Tuma, Mohammad Al Ruwayeh and Steven Brown, and Senior Associate, Hussein Azmy.
Commenting on the awards, Sam Habbas, Senior Partner at ASAR said: “We are tremendously proud of our team’s achievements in the M&A, Banking and Finance sector in both Kuwait and Bahrain. Last year has proven to be a remarkable year with our team working on many significant and innovative transactions including advising Ahli United Bank (AUH) in connection with the $11.6 billion takeover by Kuwait Finance House (KFH), hence assisting in creating one of the largest Islamic bank groups in the region. We thank our team for their dedication and commitment to continuously providing clients with the highest quality legal advice and passing down ASAR’s tradition of excellence for the past decades.”
Steven Brown, Partner at ASAR added: “It is a great honor to receive the ‘Kuwait Deal of the Year 2022’, ‘M&A Deal of the Year 2022’, and ‘Overall IFN Deal of the Year 2022’ and be recognized for our years’ long standing efforts resulting in the culmination of ground-breaking deals including the award winning Kuwait Finance House (KFH) and Ahli United Bank (AUB) transaction. The opportunity to assist clients such as Ahli United Bank in solving their unique challenges in a GCC cross border share-swap is a testament to ASAR’s sophisticated capabilities. The Ahli United Bank transaction was considered one of the most prominent share swap acquisitions to ever occur on the Bahrain Bourse and marked an important milestone in banking consolidation in both Bahrain and Kuwait.”
ASAR Al Ruwayeh & Partners has recently won ‘Kuwait Law Firm of the Year’ at the prestigious Chambers Middle East Awards 2023. ASAR has consistently been rated as a top corporate, commercial, and litigation/ arbitration law firm in Kuwait by reputable legal guides such as the International Financial Law Review (IFLR), the Chambers Global Guide, and the Legal 500. ASAR has in previous years won many accolades and awards including “Most Innovative Law Firm of the Year”, “M&A Deal of the Year”, and “Restructuring Deal of the Year”.
With more than 40 years of experience operating in Kuwait and over 15 years in Bahrain, ASAR’s team of highly skilled lawyers are capable of providing comprehensive legal advice and support on the most complex legal matters. The firm’s legal expertise extends across a wide range of practice areas that cover local and foreign multinational corporations, financial institutions, industrial conglomerates, governments and private clients. ASAR has earned the trust of clients and managed to retain prominent public and private-sector entities and institutions in the region, global key institutions and companies doing business in Kuwait, Bahrain and the GCC region, in addition to high net worth individuals and family offices.