The Kuwait Capital Markets Authority issued a decision granting Al Sahel Development and Investment Company an in-principle approval to be licensed to conduct securities activities as a qualified securities broker registered on the stock exchange. The in-principle approval is valid for six months, renewable, running from 23 February 2026 to 22 August 2026, and is intended to allow the firm to meet the Authority’s criteria. Once the requirements set out in the in-principle approval letter are completed and the prescribed fee is paid, the company will be licensed for a renewable three-year term starting from the date the Authority issues the licence certificate.
Kuwait Capital Markets Authority 2026-02-23
Kuwait Capital Markets Authority grants Al Sahel Development and Investment in-principle approval for a qualified securities broker licence
The Kuwait Capital Markets Authority granted Al Sahel Development and Investment Company in-principle approval to be licensed as a qualified securities broker on the stock exchange. This approval is valid for six months, allowing the firm to meet the Authority’s criteria before obtaining a renewable three-year licence.