The Kuwait Capital Markets Authority has issued a decision authorising Kuwait Financial Centre to carry out a private marketing offering in Kuwait for shares in MKZ Development 46 Company, a collective investment scheme established in the Cayman Islands. The approval covers 45,000 ordinary non-voting shares and limits the offering in Kuwait to professional clients only. The shares are to be offered at EUR 1000 per share, and Kuwait Financial Centre will receive subscription requests. The decision states that the scheme’s objectives are as set out in the prospectus. The marketing licence will run for one year from the date the authority issues the licence certificate, after the prescribed fees have been paid. The fees must be paid within one month of the decision. If payment is not made within that period, the decision will be treated as void.
Kuwait Capital Markets Authority2026-07-19
Kuwait Capital Markets Authority grants Kuwait Financial Centre a private marketing licence for 45,000 MKZ Development 46 shares at EUR 1000 each
The Kuwait Capital Markets Authority has authorised Kuwait Financial Centre to privately market 45,000 ordinary non-voting shares in Cayman Islands-incorporated MKZ Development 46 Company in Kuwait. The offering is limited to professional clients and priced at EUR 1000 per share. The licence runs for one year after issuance of the authority’s licence certificate, subject to payment of fees within one month.