The Capital Markets Authority (CMA) announced on Monday the issuance of two marketing licenses to  Watani Investment Company (NBK Capital).

Under Decision No. (172) of 2025, the CMA granted a private placement marketing license for a collective investment scheme established outside the State of Kuwait, allowing NBK Capital to market shares of the Leasing and Finance 11 (KD) Ltd Fund, denominated in Kuwaiti Dinars.

NBK Capital is authorized to privately market 3,000,000 shares (three million shares only) of Leasing and Finance 11 (KD) Ltd, which is established in the Cayman Islands, within Kuwait. The offering price is set at KWD 100 per share, with a subscription fee of up to 2.25% of the invested amount, payable once upon subscription.

Additionally, under Decision No. (171) of 2025, NBK Capital is licensed to privately market 75,000,000 shares (seventy-five million shares only) of the Estate Financing Fund 3 Ltd – Islamic Real Estate, also established in the Cayman Islands, within Kuwait. The offering price is set at USD 10 per share, with a subscription fee of up to 2.25%, payable once upon subscription.

These shares are offered exclusively to professional clients in accordance with the definition set out in Book One (Definitions) of the Executive Bylaws of Law No. 7 of 2010 regarding the establishment of the Capital Markets Authority and the regulation of securities activities, as amended.

Subscription requests will be received by NBK Capital and the National Bank of Kuwait (NBK).

The investment objectives of each collective investment scheme are specified in the respective offering prospectus.

Each marketing license is valid for one year starting from the date the license certificate is issued by the CMA and after the payment of the applicable fees for each decision.

The required fees must be paid within one month from the date of issuance of the decisions. Failure to pay within the specified period will render the decisions null and void.

The CMA has instructed all relevant parties to implement the decisions accordingly, effective from their issuance date. The decisions will also be published in the Official Gazette.