Dubai, UAE: Al Fardan Exchange L.L.C, the leading money transfer and currency exchange firm which is licensed and regulated by the Central Bank of the United Arab Emirates (UAE), has announced the launch of the Travelez Plus Visa Platinum Card, tailored to customers who are looking for a safer alternative to cash payments. The reloadable prepaid Visa card is the smartest, most convenient way to travel and to get pampered with exclusive & bigger rewards – an ideal solution for customers with a variety of needs. Whether the card holder travels for leisure, business, education or is simply enjoying a staycation in the UAE, the Travelez Plus Visa Platinum Card provides a premium experience for all of their needs. Customers can lock-in the best-in-class Forex Rates before travelling and perform transactions in any preferred currency at Visa-approved merchant locations around the world. The card is a secure and convenient way to manage the card holder’s funds and comes fitted with the latest ‘Chip and Pin’ protection along with 3D Secure and a contactless feature for ‘Tap to Pay’ payments. The Travelez Plus Platinum Visa Card is accepted worldwide at more than 70 million Visa merchant partners and can be used to withdraw cash from ATMs. Customers can load up to 20 currencies at any of Al Fardan’s 80+ branches and can also top-up their cards conveniently from their bank accounts in the UAE using the Travelez Plus Platinum Mobile App available on Google Play or the App Store. Hasan Fardan Al Fardan, CEO of Al Fardan Exchange L.L.C., said: “Al Fardan Exchange has been a proud supporter of the community since 1971 and this latest launch of the Travelez Plus Visa Platinum Card is meant to provide all our customers an easy, safe and premium experience. We are delighted to be able to give back to our long-time customers by providing this exceptional and convenient service.” Hasan Jaber, Deputy CEO of Al Fardan Exchange L.L.C., said: “At Al Fardan Exchange, our focus has always been one that is inclusive. The Travelez Plus Platinum Visa multicurrency card offers a host of benefits; our customers can load up to 20 currencies at any of the 80+ Al Fardan Exchange branches. Card holders will also soon be able to top-up their cards from their bank accounts in the UAE using the Al Fardan Exchange mobile App, AlfaPay.” Dr. Saeeda Jaffar, Visa’s Group Country Manager & Senior Vice President GCC, said: “We are delighted to count Al Fardan Exchange among our longstanding partners in the UAE who share our commitment for a reliable and secure payments ecosystem displacing cash and driving financial inclusion. We will work closely with Al Fardan Exchange in enabling their digital expansion and introducing Visa’s world-class payment technology, which will bring the benefits of security, convenience, and global acceptance to the growing number of UAE consumers who prefer cashless payments.” ENDS About Al Fardan Exchange Al Fardan Exchange is a member of the Al Fardan Group, which has roots stretching back to 1954. Emerging from a seafaring and pearl trading tradition to a commercial trade, the Al Fardan name is built on a solid bedrock of security and reliability. Leveraging on the Group’s diversified business interests and successful operations in real estate, high-end jewellery and financial services, Al Fardan Exchange holds global reach with trust and credibility as its main ethics, and is regulate by the Central Bank of UAE. Established in 1971, Al Fardan Exchange has had the unique opportunity of playing a part in supporting communities who have helped build this nation, by helping them bring life to their own dreams – both here and in their home countries. Today, we are incredibly proud to serve the UAE’s cosmopolitan community through our 80+ strong network, spanning across all Emirates. Reinforced by strong relationships with over 150+ global corresponding banks, financial institutions, and other financial service providers, we offer secure transactions that firmly place reliability and trust in the forefront. To learn more about Al Fardan Exchange, visit alfardanexchange.com About Visa Inc. Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere.  As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, visa.com/blog, @VisaNews.

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KUWAIT CITY, Kuwait: Meysan Partners served as sole transaction counsel in the $3 billion offering of Ali Alghanim Sons Automotive Company KSCP (“AAG“), a major family-owned automotive retailer and the largest player in the premium automotive retail industry in the State of Kuwait. The listing—which represented the region’s first-ever family business offering—was 11 times oversubscribed.

Established in 1986, Ali Alghanim and Sons Automotive Company is a pioneer in the automotive sector and has grown to become home to some of the world’s most luxurious automotive brands in Kuwait. Its facility extends over 22,000 square meters of land, and it operates one of the largest showrooms in the world.

Meysan Partners’ advice—as sole transaction counsel—in connection with this landmark and complex transaction included the structuring of the business and the offering, the preparation of all documentation, and the procurement of all regulatory filings through closing of the offering and listing on Boursa Kuwait’s premier market.

Dr. Abdulwahab Abdullatif Sadeq, Counsel at Meysan Partners said: “This one of a kind offering and the successful entering of a family-owned automotive retailer into the market at this time is a key milestone for both AAG and family businesses hoping to participate in the local capital markets in the State of Kuwait. AAG’s offering represents an excellent precedent in the growth of the Kuwaiti market and economy. We are honored to have worked with AAG’s shareholders and management, as well as the global coordinator and bookrunners who worked hard with us on this paramount transaction.”

Partner and head of capital markets practice at Meysan Partners, Tarek Yahya, also commented: “We are pleased to have advised AAG on this remarkable transaction at a time when Boursa Kuwait regulations and the capital markets regulations have been upgraded for the better of the market. This transaction is another reflection of the strengths and capabilities of Kuwait’s capital markets, and we are happy to have been part of this outstanding achievement.”

Capital Markets Partner, Tarek Yehya, and Counsel, Dr. Abdulwahab Abdullatif Sadeq, co-led the transaction with the support of capital market team.