The Capital Markets Authority (CMA) has issued Decision No. (26) of 2025, which grants Watani Investment Company a special marketing license for a collective investment scheme established outside of Kuwait. 

This license allows for the marketing of 40 million shares (only forty million shares) of the Islamic Leasing and Finance Fund 39 Ltd (ISLAMIC LEASING AND FINANCE FUND 39 LTD), which is established in the Cayman Islands.

The offering price is set at USD 10 (only ten US dollars) per share, plus a subscription commission of up to 2.25% to be paid once at the time of subscription.

The shares to be marketed within Kuwait will be offered to professional clients only, according to the provisions in the first book (definitions) of the executive regulation of Law No. 7 of 2010 regarding the establishment of the Capital Markets Authority and the organization of securities activities and its amendments. The entities receiving subscription requests will be National 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 after payment of the prescribed fees. The fees must be paid within one month from the date of issuance of this decision, and failure to pay the fees within the specified period will render the decision void.