The Kuwait Capital Markets Authority has authorized National Investments Company to conduct a private placement in Kuwait of 50,000,000 shares in Leasing and Finance Fund 50 LTD, a collective investment scheme established in the Cayman Islands. The shares may be marketed at an offer price of USD 10 per share, with a one-off subscription commission of up to 2.25% of the invested amount. The offer is limited to professional clients as defined in Book One of the Executive Bylaws to Law No. 7 of 2010. Subscription requests may be received by National Investments Company and National Bank of Kuwait. The fund's objectives are to be as set out in the prospectus. The marketing licence is valid for one year from the date the authority's licence certificate is issued, subject to payment of the prescribed fees. Those fees must be paid within one month of the decision, failing which the decision is treated as void.
Kuwait Capital Markets Authority 2026-04-29
Kuwait Capital Markets Authority grants National Investments Company a private marketing licence for 50 million shares in Cayman Islands Leasing and Finance Fund 50 LTD
The Kuwait Capital Markets Authority has authorised National Investments Company to privately place 50,000,000 shares in Leasing and Finance Fund 50 LTD, a Cayman Islands collective investment scheme, to professional clients in Kuwait at USD 10 per share plus a one-off subscription commission of up to 2.25%. Subscription requests may be received by National Investments Company and National Bank of Kuwait, and the marketing licence is valid for one year from the licence certificate date, subject to timely payment of prescribed fees.