Ezekiel Tuma

1 month ago | iflr.com | Ezekiel Tuma |John P. Cunha |Luis Cunha

Market overview There was continued growth in M&A activity in Kuwait during 2024, particularly in the healthcare, aviation, banking, financial services (including fintech), oil, gas, retail, and utilities sectors. Hot topics in cross-border transactions include the application of the ultimate beneficial ownership rules issued by the Ministry of Commerce and Industry (MOCI), which are creating ongoing compliance issues and would have to be addressed as part of any M&A activity.