The Kuwait Capital Markets Authority issued a decision granting Al-Mawazi Capital preliminary approval to obtain a licence to operate as a qualified securities broker registered on the stock exchange. The approval is time-limited to allow the company to complete criteria set by the Authority. The preliminary approval runs for six months, renewable, from 23 February 2026 to 22 August 2026. After the company completes the requirements set out in the CMA’s preliminary approval letter, it will be licensed for a three-year renewable term starting from the issuance date of the CMA licence certificate, subject to payment of the prescribed fee.
Kuwait Capital Markets Authority 2026-02-23
Kuwait Capital Markets Authority grants Al-Mawazi Capital six-month initial approval for a qualified securities broker licence
The Kuwait Capital Markets Authority granted Al-Mawazi Capital preliminary approval to obtain a licence as a qualified securities broker on the stock exchange. This approval is valid for six months, allowing the company to meet the Authority's criteria before obtaining a three-year renewable licence.