The Kuwait Capital Markets Authority authorized Watani Investment Company to market 31.5 million shares in the Cayman Islands-based Leasing and Finance Fund 48 Ltd. through a private offering in Kuwait. The shares may be offered only to professional clients at USD 10 each, with a one-time subscription commission of up to 2.25% of the invested amount. Subscription applications may be received by Watani Investment Company and National Bank of Kuwait. The marketing license will run for one year from the issuance of the authority’s license certificate after payment of the required fees. If the fees are not paid within one month of the decision, the authorization will be treated as void.
2026-09-19Kuwait Capital Markets Authority
Kuwait Capital Markets Authority licenses private marketing of 31.5 million Leasing and Finance Fund 48 shares
The Kuwait Capital Markets Authority authorized Watani Investment Company to privately market 31.5 million shares in the Cayman Islands-based Leasing and Finance Fund 48 Ltd. to professional clients in Kuwait. The shares are priced at USD 10 each, with a one-time commission of up to 2.25%, and the license will run for one year after certification and payment of the required fees.