The Kuwait Capital Markets Authority has granted National Investments Company a one-year license to privately market in Kuwait up to USD 160 million of shares in Luxembourg-established Lemania Company. The approval covers a private offering only to professional clients and sets the offer price at the prevailing net asset value at the subscription date, plus a one-off subscription fee of up to 3.00%. The approved amount is split equally between the Lemania Global Fixed Income Fund and the Lemania Global Equity Fund, with up to USD 80 million allocated to each. Subscription requests may be received by National Investments Company and National Bank of Kuwait. The license starts from the issuance of the authority's licensing certificate after payment of the prescribed fees, which must be paid within one month or the decision will be treated as void.
Kuwait Capital Markets Authority2026-07-06
Kuwait Capital Markets Authority authorizes National Investments Company to privately market up to USD 160 million of Lemania fund shares in Kuwait
The Kuwait Capital Markets Authority has licensed National Investments Company to privately market up to USD 160 million of Lemania fund shares in Kuwait. The offering is restricted to professional clients and is split equally between the Lemania Global Fixed Income Fund and the Lemania Global Equity Fund. The license runs for one year from issuance of the authority's certificate, subject to payment of fees within one month.