The Capital Markets Authority (CMA) has issued Resolution No. (146) of 2025, granting Watani Investment Company (NBK Capital) a private placement license to market a foreign collective investment scheme—specifically, shares of the "Euro-Denominated Ijara and Finance Fund II Limited," established in the Cayman Islands.

According to the resolution, NBK Capital will be marketing 15 million shares of the funds at an offering price of EUR 10 (ten euros) per share, with a one-time subscription fee of up to 2.25% of the invested amount.

The resolution clarified that the offering is restricted to professional clients only, in accordance with the definitions outlined in Book One of the Executive Bylaws of Law No. 7 of 2010 regarding the Capital Markets Authority and its amendments. Subscription requests will be received by NBK Capital and the National Bank of Kuwait.

The fund’s investment objectives will be detailed in the memorandum. The license is valid for one year from the date the licensing certificate is issued, and the applicable fees are paid. The resolution also stipulated that fees must be paid within one month from the date of issuance, or the resolution will be deemed null and void.