In a significant move in the business landscape, ASAR acted as Kuwait law counsel to Jadwa and its subsidiary Entertainment Opportunities Investment Company as it completed the acquisition of a substantial 35% stake in Gissah for Perfumes, Teeb and Oud Company, a prominent player in Kuwait’s perfume industry. The acquisition involved the purchase of shares from existing shareholders in Kuwait, with operations spanning both Kuwait and Saudi Arabia.
GLA & Company acted as the exclusive legal counsel for Sellers Bait Al Aseel and Bashar Al Ameer in the transaction. For further information on the involved team members click here.
The acquisition stands as a testament to Jadwa’s strategic expansion initiatives, with the company reinforcing its presence in the dynamic perfume industry in Kuwait. The restructuring of the business in both Kuwait and Saudi Arabia, coupled with the negotiation of transaction agreements, demanded rigorous efforts and a forward-looking approach.
The complex transaction was marked by meticulous planning and strategic decision-making and was facilitated by the expertise of ASAR law firm. The law firm played a pivotal role in various aspects of the acquisition process, ensuring its smooth execution.
The Asar legal team was led by corporate and commercial law partner Luis Cunha (pictured) working alongside senior associate Nader Abdelaziz and associate Mustafa Sayed.