The Kuwait Capital Markets Authority has cancelled the securities activities license of Rasameel Investment Company and removed it from the authority’s register of licensed persons. The action reflects the company’s merger by absorption into KFIC Investment Company, under which Rasameel Investment Company was dissolved and its assets and liabilities were transferred to the surviving entity for the purpose of the merger. The decision cites extraordinary general meeting approvals by KFIC Investment Company on Feb. 1, 2026 and by Rasameel Investment Company on Feb. 8, 2026. The merger was recorded with the commercial registry at the Ministry of Commerce and Industry on March 24, 2026, and the Capital Markets Authority approved implementation of the merger on June 14, 2026. The cancellation and deregistration take effect from March 24, 2026 and the decision will be published in the Official Gazette.
Kuwait Capital Markets Authority2026-07-07
Kuwait Capital Markets Authority cancels Rasameel Investment Company securities license after merger by absorption
The Kuwait Capital Markets Authority cancelled the securities activities license of Rasameel Investment Company and removed it from the register of licensed persons following its merger by absorption into KFIC Investment Company. The decision takes effect from March 24, 2026, the date the merger was recorded in the commercial registry, after the authority approved implementation on June 14, 2026.