Kuwait: Emerging M&A
SUPPLEMENT - THE 2009 GUIDE TO MERGERS & ACQUISITIONS - June 01, 2009
Raslan Loong
Address
Level 3A, Menara Manulife
6 Jalan Gelenggang, Damansara Heights, 50490
Kuala Lumpur
Malaysia
Telephone
+603 2093 3939
Fax
+603 2093 4848
M&A transactions are possible under Kuwaiti law. But, as with all such transactions, their successful completion depends on how the parties to the transaction navigate their way through the transaction process when dealing with country-specific legal considerations. This is particularly true when dealing with an emerging market economy such as Kuwait.
Exchanges and regulatory authorities
The only exchange for securities in Kuwait is the Kuwait Stock Exchange (KSE). Kuwaiti joint stock companies (KSCs) may be listed on the Exchange and traded in the KSE market. This market also provides for listing and trading of shares in non-Kuwaiti companies (which, to date, consists of a limited number of companies established in other Arab jurisdictions).
The KSE is the primary regulatory authority for the conduct of its own affairs. It is governed by a committee (Committee) comprised of: the Director of the KSE; three members representing the Ministry of Commerce and...
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