The Kuwait office of Al Tamimi & Company, the largest independent law firm in the Middle East, was recently awarded by the International Financial Law Review "IFLR", the market leading financial law publication for attorneys, the "Debt & Equity-Linked Deal of the Year 2016" for its participation as legal counsel for Boubyan Bank K.S.C.P. (Bank), a leading Kuwaiti Islamic Bank, in its issuance of Sukuk worth USD $250 Million. Al Tamimi & Company was also recognized by IFLR as the National Law Firm of the Year.

The awards ceremony was kept in Dubai on 19 October 2016, which honoured all parties associated with the offers at a prominent black tie event held at Burj Al Arab. Several Partners and key managers collected the Awards on behalf of the company. Accepting the awards on behalf of Al Tamimi & Company were Alex Saleh (Partner & Head of Office) and Omar Handoush (Head of Banking & Finance).

The transaction is the first Sukuk provided by a Kuwaiti Bank to boost Tier 1 Capital. The transaction used a Mudarabah structure in order to make sure Shari'a compliance. It will be listed in the NASDAQ market as well as the Irish Stock Exchange and will be priced at 6.75 percent.

Boubyan Capital, the investment arm of Boubyan Bank, worked as the global organizer for the issuance along with Standard Chartered and HSBC. Other banks involved in the issuance as bookrunners and joint lead managers consist of NBD Capital, Dubai Islamic Bank, Emirates, KFH Capital, and the National Bank of Kuwait.

The Al Tamimi group was led by Head of Office and Partner, Alex Saleh, along with Head of Banking & Finance Omar Handoush, Associate El Hassan Abdelrazek and Associate Abdullah Masud.

The Awards are selected from a pool of worldwide chosen deals and are provided to leading companies in their picked classifications and markets. Al Tamimi & Company was up versus a strong pool of other global law firms within these areas. We desire to thank everyone involved on the offer for their commitment and efforts, especially to the members of Boubyan Bank who made us part of such a ground breaking transaction in the field of Islamic financing.It is truly an honour.