The Capital Markets Authority (CMA) has issued two separate decisions granting OTC 320 Watani Investment Company (NBK Capital) special marketing licenses for the shares of the Leasing and Finance Fund 46 LTD and the Leasing and Finance Fund 48 LTD, both established in the Cayman Islands, to operate within the State of Kuwait.

Under the first decision No. 167 of 2025, NBK Capital was licensed to market 31,500,000 shares of the Leasing and Finance Fund 46 LTD at an offering price of USD 10 per share, with a subscription fee of up to 2.25% of the invested amount, payable once upon subscription.

The second decision, No. 168 of 2025, authorized NBK Capital to market 31,500,000 shares of Leasing and Finance Fund 48 LTD, under the same financial terms, i.e., an offering price of USD 10 per share and a subscription fee of 2.25%.

The CMA clarified that the marketing activity will be limited to professional clients within Kuwait only, in accordance with the definitions provided in Book One of the Executive Bylaws of Law No. (7) of 2010 regarding the establishment of the Capital Markets Authority and the regulation of securities activity and its amendments.

The CMA specified that the entities authorized to receive subscription requests are: NBK Capital and National Bank of Kuwait (NBK).

The license is valid for one year from the date of issuance of the license certificate and payment of the applicable fees.

The CMA emphasized that failure to pay the fees within one month of the decision date will result in the decision being considered null and void.