The Kuwait Capital Markets Authority has licensed Watani Investment Company to privately market in Kuwait up to 50 million shares in Leasing and Finance Fund 52 Limited, a collective investment scheme established in the Cayman Islands. The offering is restricted to professional clients, with shares priced at USD 10 each and a one-time subscription commission of up to 2.25% of the invested amount. Subscription applications may be accepted by Watani Investment Company and the National Bank of Kuwait. The marketing license runs for one year from the issuance of the authority’s license certificate after payment of the prescribed fees. If the fees are not paid within one month of the decision, the approval will be treated as void.
Kuwait Capital Markets Authority licenses private marketing of up to 50 million Leasing and Finance Fund 52 shares
The Kuwait Capital Markets Authority has authorized Watani Investment Company to privately market up to 50 million shares in the Cayman Islands-based Leasing and Finance Fund 52 Limited to professional clients in Kuwait. Shares are priced at USD 10, with a one-time subscription commission of up to 2.25%, and the license will run for one year after certification and fee payment.