Kuwaiti law firm
ASAR - Al
Ruwayeh & Partners was founded in 1977. The firm has offices in Kuwait City and Manama, Bahrain.
The firm is renowned for transactional work in Kuwait.
In banking it does both lender and borrower side work and is known for its
expertise in project finance.
In capital markets the firm is particularly strong on the debt side, where it often secures the market’s prominent mandates.
The firm has a highly visible corporate practice that often works on some of the most complex M&A and restructuring mandates in Kuwait.
The firm’s project development team is one of the leaders in the PPP space, where it
frequently supports the largest projects in the country.
Key clients include
Kuwait Authority for Partnership Projects, Kuwait Petroleum Corporation, Suez Environment,
Gameland Trading and Contracting, Hydro Trading, Ahli United Bank,
Limak
İnşaat Sanayi Ve
Ticaret, Petrochemical Industries Co, Kuwait Polypropylene Industries, The National Bank of Kuwait, Kuwait International Bank, Burgan Bank, Kuwait Financial Centre, Cummins PGI, Deloitte & Touche ME, Engie Services Middle
East and Riyad Bank
Research period review: 33rd edition (2023/2024)
In banking work, during the research period the firm excelled in the
Murabaha financing where it
advises Lenders in the banking industry sector. The firm also worked on trade and asset finance transactions.
In the capital markets space the firm has been busy on the debt side, acting for a mix of issuers, managers,
arrangers and guarantors on several large issuances in Kuwait
mainly bond issuances.
The firm advised on investment funds, particularly funds raising and funds structuring during the research period.
The firm secured
several notable M&A mandates, typically with cross-border dimensions. Notable examples include the firm’s work on the
$8.8 billion acquisition of Ahli United Bank by Kuwait Finance House. The firm also worked on several large, cross-border restructuring mandates.
In the project development area, the firm had a role in PPP
and project development
work in the real estate
and construction
sectors.
In the research year, Senior Associate Hussein Azmy and Associate Ahmed Abbas joined the firm.
Deal highlights:
33rd edition (2023/2024)
Boubyan Bank US$ 3 billion bond issue
Equate Petrochemical Company $250 million Murabaha
financing
Kuwait Finance House $ 8.8 billion acquisition of Ahli United Bank
Kuwait Petroleum Corporation $ 1 billion export financing
Client feedback:
33rd edition (2023/2024)
“They have in-depth knowledge of the Kuwait equity market and strong connections in the field.”
“Very reactive and proactive in responding to questions. We felt well advised throughout the transaction.”
“The ASAR team were very pleasant to work with
demonstrated a strong knowledge of Kuwaiti law matters. They were reactive, dynamic, and helpful in moving the deal forward to signing and supporting on the completion process.”
Project development: Energy
“They provide excellent legal services and are very responsive.”
“ASAR was expansive in their responses, which helped us provide suitable context for our clients. They were also very responsive to our queries.”
“Great knowledge of local legal systems.”
“He is often available and clear in communication.”
“Friendly and easy to deal with yet professional and we trust his advice.”
“He is exceptionally knowledgeable and an excellent legal strategist.”
“Luis is very pleasant to work with. He is extremely knowledgeable on Kuwait law matters and has a strong desire to close deals. He is very pragmatic and confident in negotiations.”
“Excellent communicator, good general knowledge and great service.”
“Positive attitude and solution oriented.”
