The Capital Markets Authority (CMA) issued Resolution No. (125) of 2024 regarding a special marketing license for a collective investment scheme established outside the State of Kuwait granted to KFH Capital Investment Company to market 250,000 units of the KFH Capital American Real Estate Fund 8 units for special marketing inside the State of Kuwait and established in the Cayman Islands, consisting of the following:
1- 5,000 units (only five thousand units) whose holder has the right to vote, each consisting of the following:
- One ordinary share in KFHC Real Estate Equity 8 Limited.
- And one ordinary share in KFHC Real Estate Finance 8 Limited.
2- 245,000 units (only two hundred and forty-five thousand units) whose holder does not have voting rights, each of which consists of the following:
- One ordinary share in KFHC Real Estate NV Equity 8 Limited.
- And one ordinary share in KFHC Real Estate NV Finance 8 Limited.
The offer price for the unit will be determined at the time of subscription/purchase based on the net asset value, in addition to a subscription commission of 2% paid once from the purchase price of each investment unit, provided that the maximum total value of the units offered in the State of Kuwait does not exceed 50 million Kuwaiti dinars (only fifty million Kuwaiti dinars).
Capital Markets Authority