The Kuwait Capital Markets Authority renewed the initial approval granted to Al-Sahel Development and Investment Company to obtain a license as a qualified securities broker registered on the stock exchange. The six-month approval runs from Aug. 23, 2026, through Feb. 22, 2027, allowing the company to meet the authority’s criteria. Once the company completes the requirements in the initial approval letter and pays the prescribed fee, it will receive a renewable three-year license starting from the issuance date of the license certificate.
Kuwait Capital Markets Authority2026-08-12
Kuwait Capital Markets Authority renews Al-Sahel Development and Investment Company’s initial approval for a qualified securities broker license
The Kuwait Capital Markets Authority renewed Al-Sahel Development and Investment Company’s initial approval for a qualified securities broker license for six months from Aug. 23, 2026. A renewable three-year license will be issued once the company completes the authority’s requirements and pays the prescribed fee.