Al-Hossam Legal is proud to have spearheaded, as the sole legal counsel, in the completion of the public rights offering by Al Eid Food Co. (K.S.C), a public company listed on Boursa Kuwait. Al Eid Food has successfully issued and allocated 117.14 million ordinary shares, priced at 175 fils per share, in a significant move to enhance its financial and operational strength.
This rights offering is a strategic initiative by Al Eid Food Co. to expand its operational capabilities, further cementing its position as a prominent competitor in the frozen food industry. Additionally, this move signifies Al Eid Food’s ambition to diversify and grow in the retail sector, focusing on a variety of products including raw materials, chocolate equipment, nuts, and sweets. This approach is in perfect harmony with Al Eid Food Co.’s motto of ‘Continuous Growth’.
Al-Hossam Legal also acknowledges the cooperative and collaborative efforts of all the parties involved in this offering, including National Investments Company, Ahli Bank of Kuwait, and BDO Kuwait. Their dedication and commitment played a crucial role in the successful outcome of this rights offering.
Al-Hossam Legal is honoured to have played a key role in this important capital market and financial endeavour, demonstrating our firm’s expertise in significant legal, capital market and financial transactions and our commitment to providing top-notch legal services and guiding our clients through complex legal landscapes, ensuring their continued growth and success in their respective industries.