On Monday, the Capital Markets Authority issued Decision No. (23) of 2025 regarding a private marketing license for a collective investment system established outside the State of Kuwait, granted to Watani Investment Company for the marketing of shares of the Limited 42nd Leasing and Financing Fund.

According to the decision, National Investments Company is authorized to privately market 16,000,000 shares (Sixteen Million Shares) of the Limited 42nd Leasing and Financing Fund within the State of Kuwait, which is established in the Cayman Islands. The offering price is set at USD 10 (Ten US Dollars) per share, along with a one-time subscription commission of 2.25%.

The shares being marketed within Kuwait will be offered only to professional clients, as specified in Chapter One (Definitions) of the executive regulations of Law No. 7 of 2010, concerning the establishment of the Capital Markets Authority and its amendments.

The entities receiving subscription requests include National Investments Company and the National Bank of Kuwait.

The decision also states that the objectives of the collective investment system must be defined based on information provided in the prospectus and that the marketing license is valid for one year, renewable annually from the date of issuance of the authority's license certificate, subject to payment of the required fees. The fees must be settled within one month from the date of this decision's issuance, and failure to pay the fees within the specified period will render the decision void.

The "Authority" called upon the appropriate entities to implement this decision, each in their relevant capacity, effective from the date of its issuance and to be published in the official newspaper.