License Granted to "Boubyan Capital " to Market 10 million Shares of Boubyan Islamic Leasing and Finance Fund

تم النشر على almowazi.com في 10 فبراير 2025
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The Capital Markets Authority has granted Boubyan Capital Investment Company a special marketing license for a collective investment scheme established outside the State of Kuwait, issuing decision No. (30) of 2025.

This license allows the marketing of 10 million shares (only ten million shares) from the Boubyan Islamic Leasing and Finance Fund 11 (USD) Ltd., marketed privately within the State of Kuwait and established in the Cayman Islands. 

The offering price is set at $10 (only ten US dollars) per share, along with a subscription commission of up to 2.25%, payable once upon subscription.

The shares being marketed within Kuwait will be available only to professional clients, as specified in Article 1 (Definitions) of the Executive Regulation of Law No. 7 of 2010 concerning the establishment of the Capital Markets Authority and the regulation of securities activities and its amendments. The entities receiving subscription requests are Boubyan Capital Investment and Boubyan Bank.

The marketing license is valid for one year, renewable annually from the date of issuance of the authority's licensing certificate, after payment of the prescribed fees, which must be paid within one month of the date of this decision's issuance. Failure to pay the fees within the specified period will render the decision null and void.

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