Al Othman in $226 Million Trade of HumanSoft’s Shares
August 6, 2018
August 6, 2018
Cleary Gottlieb represented Al Othman Commercial Enterprises Company WLL in connection with the accelerated bookbuild offering of shares in HumanSoft Holding Company K.S.C.P.
Al Othman sold a total of about 21 million shares (representing approximately 17 percent of HumanSoft’s outstanding ordinary shares) for an aggregate price of approximately $226 million. EFG-Hermes UAE Limited acted as the sole bookrunner and financial advisor.
The transaction closed on August 6, 2018.
Humansoft is one of the largest private tertiary education companies in the GCC. HumanSoft’s shares are listed on the Kuwait Stock Exchange.