ASAR advised National Investment Company K.S.C.P. and EFG-Hermes UAE Limited (acting in conjunction with EFG-Hermes UAE LLC) as Joint Global Coordinators and Joint Bookrunners on the sale of shares in Trolley General Trading Company K.S.C.C. and its listing on the Premier Market of Boursa Kuwait.

The transaction represents a further step in the development of Kuwait’s capital markets, demonstrating sustained investor appetite and reinforcing the role of public markets as an effective exit route for founders and shareholders.

ASAR advised on the Kuwait law aspects of the transaction, including the structuring and execution of the offering and compliance with the Capital Markets Authority framework, covering disclosure, marketing and admission to trading requirements.

The matter was led by Rob Little, Ezekiel Tuma, Alex Matovu and Hussein Azmy, supported by a multidisciplinary team across the firm.

This successful transaction reflects the strength of ASAR’s cross-disciplinary teams in delivering seamless execution on high-profile listings and capital markets transactions.