The Capital Markets Authority issued resolution No. (49) of 2023 regarding granting a private marketing license of a collective investment scheme incorporated outside the State of Kuwait to KFH Capital Investment Company to Market the Shares of UK Real Estate Fund IV LP, as follows: 
Having perused Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments, the Memorandum and Articles of Association of KFH Capital Investment Company, and the agreement between the representative of the collective investment scheme which is UK Real Estate IV GP Limited and the marketing manager KFH Capital Investment Company; and the application of KFH Capital Investment Company to conduct a private marketing for the shares of UK Real Estate Fund IV LP. Based on Resolution No. (24) of 2023 regarding amending the approval authorizations of the Supervision Sector’s procedures issued on 1, the following was resolved:
Article (1): KFH Capital Investment Company is hereby licensed to market 250,000 units of UK Real Estate Fund IV LP as a private subscription in the State of Kuwait. It is incorporated in the Island of Guernsey. The offering price shall be determined at the time of the offering based on the net asset value at that time, in addition to the subscription fee of 1% to 2% of the total capital contribution pursuant to the subscribed amount. The maximum total value of the units offered in the State of Kuwait shall not exceed 250 million British Pounds.