The Kuwait Capital Markets Authority licensed Watani Investment Company to privately market 11 million shares in the Cayman Islands domiciled Leasing and Finance Fund 10 GBP Ltd. in Kuwait. The offering is restricted to professional clients, with shares priced at GBP 10 each and a one-time subscription commission of up to 2.25% of the invested amount. Watani Investment Company and the National Bank of Kuwait may receive subscription applications. The marketing license runs for one year from the issuance of the authority’s license certificate after payment of the required fees. The fees must be paid within one month of the decision or the approval will be treated as void.
Kuwait Capital Markets Authority licenses Watani Investment Company to privately market 11 million Leasing and Finance Fund 10 shares
The Kuwait Capital Markets Authority licensed Watani Investment Company to privately market 11 million shares in Leasing and Finance Fund 10 GBP Ltd. to professional clients in Kuwait. Shares are priced at GBP 10, with a one-time subscription commission of up to 2.25%, and the license runs for one year after certification and fee payment.