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First IWPP Project Listing- Shamal Azzur – MCAP US$430 Million

Al-Hossam Legal acted as counsel to Shamal Azzur, the Kuwait’s premier independent power generation and water desalination operator made its debut on Boursa Kuwait’s Premier Market. The company is the first power generation and water desalination company to list on the exchange, and the first Private Public Partnership (PPP) project listed on the exchange. The listing follows the successful distribution of 50% of the company’s shares to Kuwaiti citizens during the last quarter of 2019, which was oversubscribed by 1.27x and attracted close to 127,000 investors.

Al-Hossam Legal provided the company with full range of legal services on corporate, shareholders, governance, policies, listing procedures, compliance, disclosures and workshops to directors and top executives.

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