The Capital Markets Authority (CMA) issued today, Tuesday, Resolution No. 123 of 2024 regarding a special marketing license for a collective investment system established outside the State of Kuwait, granted to Watani Investment Company to market the shares of the Thirty-Seventh Islamic Leasing and Finance Fund Limited.

As stated in the Authority’s statement, Article 1 of the decision included licensing the Watani Investment Company to market 40,000,000 shares (only forty million shares) of the shares of the Thirty-Seventh Islamic Leasing and Finance Fund Limited, in a special marketing within the State of Kuwait and established in the Cayman Islands, and that the offering price be 10 US dollars (only ten US dollars) per share in addition to a subscription commission of 2.25% paid once upon subscription; according to the statement.