Public offering by NIG of new 524.73 million ordinary shares worth US$ 346,3 million with priority to shareholders in Kuwait and UAE and holders of warrants

Al-Hossam Legal acted as the lead legal counsel to National Industries Group Holding K.P.S.C. advising on all aspects of the issuance from pre-arrangement to closing. Kuwait Financial Centre – Markaz, acted as the lead manager.

The issuance of new ordinary shares to around 10,000 shareholders trading the stock in Boursa Kuwait and the Dubai Financial Market (DFM) UAE, allowing trading of the warrants (the rights). The rights issue concluded in one round offering to three categories, the existing shareholders in the CUM Date, the holders of the warrants and the public.