The Kuwait Capital Markets Authority has granted Gulf Capital Investment a private marketing licence to market shares of the Luxembourg-established CVC Private Equity Strategies Funds S.A SICAV - CVC - PE Global Private Equity within Kuwait. The approval covers 1,323,571 shares, with the total amount offered in Kuwait capped at KWD 50 million or its equivalent in USD. The offer price is set at net asset value per share based on the latest monthly valuation, plus a one-off 1.50% subscription fee. The shares may be offered only to professional clients, as defined in Book One of the Executive Bylaws to Law No. 7 of 2010. Subscription applications may be received by Gulf Capital Investment and Gulf Bank. The investment scheme's objectives are to be determined in line with the prospectus. The marketing licence runs for one year from the date the authority issues the licence certificate and after payment of the prescribed fees, and it may be renewed annually. Those fees must be paid within one month of the decision, otherwise the decision is treated as void.
Kuwait Capital Markets Authority 2026-04-29
Kuwait Capital Markets Authority grants Gulf Capital Investment a private marketing licence for 1,323,571 shares in a Luxembourg CVC private equity fund up to KWD 50 million in Kuwait
The Kuwait Capital Markets Authority has granted Gulf Capital Investment a one-year private marketing licence to offer 1,323,571 shares of the Luxembourg CVC Private Equity Strategies Funds S.A SICAV - CVC - PE Global Private Equity in Kuwait, capped at KWD 50 million or equivalent. The offer, priced at net asset value per share plus a one-off 1.50% subscription fee, is restricted to professional clients as defined in Book One of the Executive Bylaws to Law No. 7 of 2010, with subscriptions accepted through Gulf Capital Investment and Gulf Bank.