The Kuwait Capital Markets Authority has licensed Watani Investment Company to privately market in Kuwait 25 million shares in Islamic Leasing and Finance Fund 43 Ltd, a collective investment scheme established in the Cayman Islands. The shares may be offered only to professional clients at USD 10 each, plus 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 will run for one year from the issuance of the authority’s license certificate after payment of the required fees. Those fees must be paid within one month of the decision or the approval will be treated as void.
2026-09-08Kuwait Capital Markets Authority
Kuwait Capital Markets Authority licenses private marketing of 25 million shares in Islamic Leasing and Finance Fund 43
The Kuwait Capital Markets Authority has licensed Watani Investment Company to privately market 25 million shares in the Cayman Islands-based Islamic Leasing and Finance Fund 43 Ltd to professional clients in Kuwait. Shares will be offered at USD 10 each with a one-time subscription commission of up to 2.25%, and the license will run for one year after certification and payment of fees.