The Capital Markets Authority (CMA) issued Decision No. (21) of 2025 regarding a special marketing license for a collective investment scheme established outside the State of Kuwait, granted to Watani Investment Company to market 500,000 shares (only five hundred thousand shares) of the shares of the Islamic Lease and Financing Fund Company, limited to private marketing inside the State of Kuwait, and established in the Cayman Islands, with an offering price of KD 100 (only one hundred Kuwaiti Dinars) per share, along with a subscription commission of up to 2.25% payable once at the time of subscription.

The decision also stipulated that the shares to be marketed within the State of Kuwait would be available only to professional clients as per the text in the first book (definitions) of the executive regulations of Law No. 7 of 2010 concerning the establishment of the Capital Markets Authority and the regulation of securities activity and its amendments. 

The entities authorized to receive subscription requests are National Investments Company and National Bank of Kuwait. The duration of the marketing license is one year, renewable annually, starting from the issuance date of the Authority’s licensing certificate, and the prescribed fees must be paid within one month from the date of this decision.

If the fees are not paid within the specified timeframe, the decision will be considered void.