The Capital Markets Authority (CMA) announced the issuance of Decision No. (119) of 2025, granting preliminary approval to AlWaseet Financial business Company to obtain a license to operate as a Qualified Securities Broker registered at the Boursa Kuwait.

The Authority clarified that this preliminary approval is valid for six months, renewable, starting from July 6, 2025, until January 5, 2026, allowing the company time to complete all standards and requirements set by the CMA.

The final license is expected to be granted upon fulfillment of all stipulated conditions outlined in the preliminary approval letter issued by the Authority.

The decision includes amending the existing license by canceling the activity of “Registered Securities Broker at the Stock Exchange” and adding the activity of “Qualified Securities Broker registered at the Stock Exchange.”

Additionally, the job titles of registered personnel will be updated to “Representative of Qualified Securities Broker Activity registered at the Stock Exchange.”