The Capital Markets Authority (CMA) issued yesterday, Wednesday, Decision No. 79 of 2025 regarding a special marketing license for a collective investment scheme established outside the State of Kuwait, granted to Boubyan Capital Investment Company, which is 100% owned by Boubyan Bank, to market the shares of Boubyan Islamic Leasing Fund.

It was decided to authorize "Boubyan" to market 5 million shares of Boubyan Islamic Leasing Fund shares through a private placement within the State of Kuwait, established in the Cayman Islands, with an offering price of US dollars 10 (only ten US dollars) per share, in addition to a subscription commission of 2.25% paid once upon subscription.

The shares to be marketed within the State of Kuwait are available to professional clients only, according to the text in the first book (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.

Boubyan Capital and Boubyan Bank will be the entities receiving subscription requests, with the objectives of the collective investment scheme to be determined based on what is outlined in the prospectus.

As stated in the decision, the marketing license is valid for one year, renewable annually from the date of issuance of the authority's license certificate after the required fees are paid.

The prescribed fees must be paid within one month from the date of this decision, and if the fees are not paid within the specified period, the decision will be considered null and void.

The authority called on the relevant parties to implement this decision, each within their respective scope, and it will take effect from the date of its issuance and will be published in the official newspaper.