The Capital Markets Authority (CMA) issued Decision No. (152) of 2025, granting Gulf Capital Investment Company (INVESTYGB) a private placement marketing license for a collective investment scheme established outside Kuwait, allowing the company to market 300 units of the U.S. Student Housing Portfolio (V) privately within Kuwait.

Each unit consists of:

•  One equity shares in 2025 SPMC Equity Holdings Limited,
•  One self-financing debt shares in 2025 SPMC Finance Limited and 2025 SPMC Finance (2) Limited,
at an offering price of USD 100,000 per unit, along with a one-time 2% subscription fee based on the investor’s committed investment.
The decision stipulates that the offering is to be conducted within Kuwait and is limited to professional clients only, in accordance with Law No. 7 of 2010 and its Executive Bylaws.
Gulf Capital Investment Company and Gulf Bank have been designated to receive subscription applications.

The license is valid for one year, starting from the issuance date of the license certificate. The decision requires that fees be paid within one month of the issuance date; otherwise, the license will be canceled automatically.