Supporting another major transaction in the regional banking sector, ASAR – Al Ruwayeh & Partners is proud to have advised Burgan Bank on its acquisition of the entire share capital of United Gulf Bank BSC © (UGB) in a USD 190 million transaction. Our role encompassed drafting and negotiating the share purchase agreement, securing regulatory approvals, and completing closing formalities.
This acquisition is a notable development in the regional banking landscape, reinforcing Burgan Bank’s strategic objectives and the continued strength of Kuwait and Bahrain’s financial sectors.
Our team in Bahrain – David Walker (Partner), Simone Del Nevo (Partner), Sherif Saad Eldin (Senior Associate), and Ahmed Al-Saeed (Associate) – worked alongside Rob Little (Head of Banking and Finance, M&A, and Capital Markets) and John Cunha (Partner) in Kuwait to ensure seamless execution.
With a proven track record in complex financial transactions, ASAR continues to guide clients through high-value deals with precision and expertise, helping them go further.