The Kuwait Capital Markets Authority has granted Watani Investment Company a license to market through private placement in Kuwait up to 3 million shares in Leasing and Finance Fund 13 (KD) Ltd., a collective investment scheme established in the Cayman Islands. The offer is restricted to professional clients and sets a price of KWD 100 per share, 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 license will run for one year from the issuance of the authority’s license certificate after payment of the prescribed fees. Those fees must be paid within one month of the decision or the approval will be deemed void.
Kuwait Capital Markets Authority licenses private marketing of 3 million shares in Cayman leasing and finance fund
The Kuwait Capital Markets Authority has licensed Watani Investment Company to privately market 3 million shares in a Cayman Islands leasing and finance fund to professional clients in Kuwait. Shares will be offered at KWD 100 each, with a one-time subscription commission of up to 2.25%, and the license will run for one year from certificate issuance.