On Wednesday, the Kuwait Capital Markets Authority (CMA) issued Resolution No. 163 of 2025, granting a private placement marketing license for a collective investment scheme established outside Kuwait. The license was awarded to OTC 320  Watani Investment Company ( NBK Capital) , a subsidiary fully owned by the National Bank of Kuwait (NBK), allowing it to market shares of the Islamic Leasing and Finance Fund 43 LTD.

According to the CMA's statement, NBK Capital has been authorized to privately market 25,000,000 shares (twenty-five million shares only) of the Islamic Leasing and Finance Fund 43 LTD, which is incorporated in the Cayman Islands, within Kuwait.

The offering price is set at USD 10 (ten US dollars) per share, in addition to a one-time subscription fee of up to 2.25% of the invested amount, payable upon subscription.

The marketed shares are intended for professional clients only, as defined in Book One (Definitions) of the Executive Bylaws of Law No. 7 of 2010 concerning the establishment of the Capital Markets Authority and regulation of securities activity, as amended.

NBK Capital and the National Bank of Kuwait will act as the authorized entities to receive subscription applications. The objectives of the collective investment scheme will be detailed in the fund’s prospectus.

The marketing license is valid for one year from the issuance date of the CMA’s license certificate, subject to the payment of applicable fees. These fees must be paid within one month from the issuance date. Failure to pay within the specified period will render the decision null and void.

The CMA called on all relevant parties to implement this decision within their respective jurisdictions. The resolution is effective from the date of issuance and will be published in the official gazette.