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Successful Completion of Merger by KAMCO Invest with Global

Al-Hossam Legal acted as legal advisor to KAMCO Invest with respect to the merger by amalgamation of Global Investment House into KAMCO Invest, one of the largest merger in Kuwait creating a total assets under management at approximately USD13.7 billion invested in various asset classes and jurisdiction.

The merger process required receipt of pre-requisite change of control approval from CMA and other regulators in 7 jurisdictions covering all investment products and services, managed real estate, asset management business, brokerage subsidiaries, and physical infrastructure and operations. After cancelation of treasury shares and the successful completion of the share swap of 138.88 million Global shares (owned by shareholders other than KAMCO) against the issuance of 104.8 million new KAMCO shares at a swap ratio of 0.75 of KAMCO share. Newly issued shares are eligible for trading on Boursa Kuwait.  

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