GLA & Company has successfully secured merger control clearance from the Kuwait Competition Protection Agency (“CPA”) on behalf of KFIC Brokerage Company (Closed Kuwaiti Joint Stock Company) (“KFIC”), in connection with the acquisition of a 31% stake in the company by Trolley Capital Real Estate Company LLC (“Trolley Capital”). Both entities are incorporated in Kuwait. The transaction marks a strategic move within Kuwait’s capital markets, reflecting the continued evolution and consolidation of the local brokerage and financial services sector.

KFIC is a licensed brokerage firm providing securities trading and investment services in Kuwait. The investment by Trolley Capital is expected to bring additional value to KFIC’s long-term strategy and reinforce its market presence.

Nader Al Awadhi, Senior Partner at GLA & Co, commented, “We are pleased to have represented KFIC in this transaction and to have obtained merger clearance in a timely and effective manner. This matter demonstrates the importance of tailored legal guidance when navigating Kuwait’s competition law framework and reinforces GLA & Co’s reputation for excellence in regulatory and transactional work.”

Asad Ahmad, Head of Anti-Trust & Competition at GLA & Co, commented, “We are proud to have advised on this strategic transaction and to have secured timely merger clearance. This deal reflects the growing importance of competition law compliance in the MENA region and showcases our team’s strength in navigating regulatory landscapes efficiently.”

GLA & Co advised KFIC on all competition-related aspects of the transaction, including the preparation and submission of the economic concentration filing, assembling the required supporting documents, and liaising with the CPA through to final clearance.

The GLA & Co team consisted of Asad Ahmad, Head of Anti-Trust & Competition, Mohammed Al Awadhi, Legal Director and Khaled Al Makhezeem, Associate.

This successful outcome highlights GLA & Co’s robust experience in merger control matters and its ability to deliver strategic legal solutions across regulated sectors in Kuwait and the wider MENA region.

For more information, please contact Alex Saleh, Managing Partner, or Nader Al Awadhi, Senior Partner.