Title: Press Release: The Capital Markets Authority Launches the Securities-Based Crowdfunding Service for the First Time in the State of Kuwait by Registering the First Company in the FinTech Services Register

Kuwait, 20 July 2025 – Within the framework of the Capital Markets Authority’s (CMA) pursuit to adopt and implement the best international practices in developing the capital markets in the State of Kuwait, and based on CMA’s strategic objectives in developing the capital markets, and diversifying and developing its investment tools, and in CMA’s conviction of the importance of FinTech as a rapidly growing sector that is evolving with many individuals and institutions adopting its services, according to which the CMA has issued Module Nineteen (Financial Technologies) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and their amendments, in which it regulated the first batch of FinTech services of Securities-based Crowdfunding and Digital Financial Advisory. This was followed by the launch of the initial implementation phase of Module Nineteen (Financial Technologies) referred to in Resolution (181) of 2023, to achieve the desired objectives of regulating these new services for the first time in the Kuwaiti market and to facilitate the process of qualifying the parties willing to provide the services and protecting the rights of investors pursuing to participate in it.

The Capital Markets Authority announces the registration of the first company in its register of Securities-Based Fintech Services to provide the service of Securities Based Crowdfunding Platform, which is Al Mowazi Capital Company. This step demonstrates the CMA’s activation of Fintech regulation by launching an innovative service that was not practiced before in the State of Kuwait, which serves as an inauguration that aims to support the growth of the financial technologies sector, enhance the concept of financial inclusion in the State of Kuwait, provide diversified financial and investment tools, and find new investment and financial channels to serve the largest segment of society effectively and efficiently, in addition to supporting entrepreneurs and project owners through these new financing channels.

What is Crowdfunding?
Crowdfunding means heading to the public for the purpose of raising money. There are many forms of crowdfunding, however, the Capital Markets Authority, according to its competences, regulates the form that is related to securities activities, which is the “Securities-based Crowdfunding”.

Securities-based Crowdfunding:
It is a method that enables companies (offer issuers) to receive funds from the public for the purpose of funding specific projects offered through a crowdfunding platform registered with the CMA by waiving part of their capital stakes/shares or issuing securities.

Registered Crowdfunding Platform: 
a legal entity that is registered with the CMA to provide a digital operating system that allows offer issuers and members of the general public to interact with each other through the offering and sale of Securities of a Crowdfunding Offer.

The Objectives of Securities-based Crowdfunding Service:
• Providing direct channels of dealing that bring together investors interested in investing in small-medium enterprises.
• Providing alternative and non-traditional investment channels for small investors and entrepreneurs.
• Increasing the cash-flow in the market by providing alternative financing channels other than traditional investment channels.
• Raising awareness and financial and investment literacy of the service parties, which contribute to improving their investment transactions and upgrading the Kuwaiti financial market.

The Initial Implementation Phase:
The initial implementation phase of Module Nineteen (Financial Technologies) was launched pursuant to CMA’s Resolution No. (181) of 2023, during which several persons wishing to provide the Fintech services regulated by the CMA- the services of Digital Financial Advisory and Securities-Based Crowdfunding- submitted their applications for registration in CMA’s register of Securities-Based Fintech Services. The CMA specified a period extending from the beginning of the initial implementation phase on 02/01/2024 to 01/07/2024 to submit the applications for registration with the CMA during the initial implementation phase. After the CMA’s revision of the submitted applications, it has previously registered three companies in its Fintech Register to provide digital financial advisory service at the end of last year. The CMA hereby announces the issuance of Resolution No. (132) of 2025 on 20/07/2025 regarding the registration of Al Mowazi Capital Company in the Register of Securities-Based Fintech Services at the CMA as a Securities Based Crowdfunding Platform, to be the first company to be registered in the mentioned CMA register to provide a Securities Based Crowdfunding Platform service.

The CMA continues reviewing other applications related to providing the service of Securities Based Crowdfunding Platform submitted to it during the specified period, by directly coordinating with the applicants to ensure meeting all conditions and requirements in preparation for registration in its Register of Securities-Based Fintech Services.

It should be noted that the list of companies registered in the Register of Securities-Based Fintech Services can be viewed through the Fintech page at CMA’s website, which is updated periodically in accordance with the CMA’s resolutions in this regard.

Finally, the CMA invites all interested and concerned persons to communicate with its concerned organizational unit of financial technologies with regard to the regulatory framework of financial technologies, and its products and services. The CMA urges to communicate with the registered companies in the Fintech Services Register on any inquiries regarding their services, which contributes to the integration of the efforts and enhances cooperation of stakeholders and interested parties to support CMA’s initiatives in developing the regulatory framework and increase its chances of success and sustainability.

Ends-

Notes to Editors:
The Capital Markets Authority was established pursuant to Law No. 7/2010, approved by the Kuwaiti Parliament in February 2010. Pursuant to the Law, the CMA shall regulate and supervise the securities activities, achieve transparency and fairness, observe listed companies’ execution of Corporate Governance regulations, and protect investors from unfair practices which violate the CMA's Law.

Furthermore, the Law's provisions stipulate the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs related to securities activities.

For further information, please contact:
Public Relations & Media Office
Tel: 1888898
Email: pr-media@cma.gov.kw