Al-Hossam Legal is proud to announce its leading role as the exclusive legal counsel in the landmark merger between the public companies, Kuwait Projects Company (Holding) K.S.C.P. (KIPCO) and Qurain Petrochemical Industries Company K.S.C.P. (QPIC). Kamco Investment Company K.S.C.P. acted as the transaction manager and advisor for this merger. Post-merger total assets of KIPCO are assessed to be US$ 37 billion. Shareholders of KIPCO and QPIC are trading under one ticker ‘KPROJ’ on Boursa Kuwait.

This significant merger, marked as the first of its kind in Kuwait since the establishment of the Capital Markets Authority in 2010, has been a monumental task involving the amalgamation of two major publicly traded companies, creating a diversified conglomerate across various sectors.

Our team, under the guidance of Managing Partner Hossam Abdullah and bolstered by the significant contributions of Senior Associates Mohamed Fathy and Marc-Aurele Grassin, successfully navigated complex legal challenges. These included  legal compliance with respect to  billions in financial instruments across borders, addressing minority shareholder rights, ensuring compliance with cross-border tax regulations, anti-trust laws, and obtaining necessary regulatory approvals, as well as resolving intricate employment and shareholder issues.

This merger is not only a significant milestone in Middle Eastern corporate history but also sets a precedent for future transnational collaborations. Our commitment to delivering outstanding legal services was instrumental in the success of this groundbreaking corporate achievement. We take pride in our role in this transformational event and remain dedicated to facilitating pioneering corporate ventures.is proud to announce its leading role as the exclusive legal counsel in the landmark US$ 37.2 billion merger between Kuwait Projects Company (Holding) K.S.C.P. (KIPCO) and Qurain Petrochemical Industries Company K.S.C.P. (QPIC). Kamco Investment Company K.S.C.P. acted as the transaction manager and advisor for this merger.

This significant merger, marked as the first of its kind in Kuwait since the establishment of the Capital Markets Authority in 2010, has been a monumental task involving the amalgamation of two major publicly traded companies, creating a diversified conglomerate across various sectors.

Our team, under the guidance of Managing Partner Hossam Abdullah and bolstered by the significant contributions of Senior Associates Mohamed Fathy and Marc-Aurele Grassin, successfully navigated complex legal challenges. These included managing billions in financial instruments across borders, addressing minority shareholder rights, ensuring compliance with cross-border tax regulations, anti-trust laws, and obtaining necessary regulatory approvals, as well as resolving intricate employment and shareholder issues.

This merger is not only a significant milestone in Middle Eastern corporate history but also sets a precedent for future transnational collaborations. Our commitment to delivering outstanding legal services was instrumental in the success of this groundbreaking corporate achievement. We take pride in our role in this transformational event and remain dedicated to facilitating pioneering corporate ventures.