The Capital Markets Authority (CMA) has issued Decision No. (155) of 2024 regarding a special marketing license for a collective investment scheme established outside the State of Kuwait, granted to Watani Investment Company to market 50,000,000 shares (only fifty million shares) of the shares of the Third Islamic Real Estate Financing Fund Limited, marketed privately within the State of Kuwait and established in the Cayman Islands. The offering price is set at 10 US dollars (only ten US dollars) per share, in addition to a subscription commission of 2.25% payable once upon subscription.

The marketed shares will be offered only to professional clients in Kuwait, as stipulated in the executive regulations of Law No. 7 of 2010 regarding the establishment of the Capital Markets Authority and the regulation of securities activities and its amendments. 

The entities receiving subscription requests will be the Watani Investment Company and the National Bank of Kuwait. 

The marketing license will be valid for one year, renewable annually, starting from the date of issuance of the Authority's license certificate and upon payment of the required fees. 

The prescribed fees must be paid within one month of the date of this decision's issuance, and failure to pay the fees within the specified period will render the decision null and void.