Al-Hossam Legal is proud to announce its role as the sole legal counsel for National Petroleum Services Company (K.S.C.P) (“NAPESCO”), a major player in the oil services industry, in its strategic acquisition of a 52.92% stake in United Oil Projects Company (K.S.C.C) (“UOP”).

NAPESCO, a publicly listed company on Boursa Kuwait, completed the acquisition for US$49 million (KWD 15.029 million). The acquisition’s valuation was meticulously conducted by an independent CMA licensed valuer and reinforced by a fairness opinion from an independent CMA licensed investment advisor, ensuring utmost transparency and fairness in the deal.

Kamco Investment Company K.S.C.P. was integral to the transaction, offering its expertise as the transaction manager and advisor. 

At Al-Hossam Legal, our team’s role was multifaceted and critical. We successfully navigated through due diligence, adeptly handled legal and compliance intricacies, safeguarded minority shareholders’ interests, rigorously adhered to anti-trust laws and the Capital Markets Authority’s disclosure rules, and all necessary corporate and regulatory approvals. Our strategic approach included furnishing NAPESCO with a detailed, step-by-step acquisition plan. This roadmap was crucial in steering the acquisition towards a timely and seamless conclusion. Our team’s proficiency in tackling complex shareholder matters was instrumental in the smooth and effective completion of this significant acquisition, meeting the time requirements set by our client. Our commitment to delivering results within the stipulated timeframe showcases our dedication to client satisfaction and excellence in legal services.