The Kuwait Capital Markets Authority has licensed Boubyan Capital Investment Company to privately market 14.5 million shares in the Cayman Islands-based Boubyan Islamic Financing and Income Fund 3 USD Ltd. in Kuwait. The offering is restricted to professional clients, with shares priced at USD 10 each. Boubyan Capital and Boubyan Bank may receive subscription applications. A one-time subscription commission of 2.25% applies to beneficial owners who are not Boubyan employees, while Boubyan employees will pay 1.2751%. The marketing license will run for one year from the issuance of the authority’s license certificate after payment of the required fees, which must be paid within one month or the approval will be treated as void.
2026-09-16Kuwait Capital Markets Authority
Kuwait Capital Markets Authority licenses Boubyan Capital to privately market 14.5 million shares in a Cayman Islands fund
The Kuwait Capital Markets Authority has licensed Boubyan Capital to privately market 14.5 million shares in a Cayman Islands fund to professional clients in Kuwait at USD 10 per share. The one-year license takes effect upon issuance of the license certificate after the required fees are paid.