Navigation

  • Skip to Content
logo
  • CMA Portal
  • عـربـي

Navigation

  • Home
    • Resolutions and Circulars
    • Announcements and Press Releases
    • CMA Law
    • Executive Bylaw
    • Forms
    • Reports and Complaints
    • Annual Reports
  • About CMA
    • Mission
    • Vision
    • CMA Objectives
    • Code Of Ethics
    • Board of Commissioners
    • Employment
    • Chairman Message
    • Organizational Structure
  • Awareness
    • Awareness Channel
    • Workshops
    • CMA Radio
    • FAQs
    • Suggestions
    • Publications
    • National Project
    • Events
    • List of companies and intines that are unlicensed to engage in securities activities in the State Kuwait
  • Media Center
    • List Of Licensed Activities
    • List of Investment Funds
    • List Of Registered Auditors
    • External Audit Offices
    • List Of Agreements
    • CMA Gallery
    • Media Appearances
    • Press Releases
    • Kuwait's Exchange Privatization Journey
  • International Organizations
  • CMA Portal

CmaAdvanceSearch



Navigation

  • Home
    • Resolutions and Circulars
    • Announcements and Press Releases
    • CMA Law
    • Executive Bylaw
    • Forms
    • Reports and Complaints
    • Annual Reports
  • About CMA
    • Mission
    • Vision
    • CMA Objectives
    • Code Of Ethics
    • Board of Commissioners
    • Employment
    • Chairman Message
    • Organizational Structure
  • Awareness
    • Awareness Channel
    • Workshops
    • CMA Radio
    • FAQs
    • Suggestions
    • Publications
    • National Project
    • Events
    • List of companies and intines that are unlicensed to engage in securities activities in the State Kuwait
  • Media Center
    • List Of Licensed Activities
    • List of Investment Funds
    • List Of Registered Auditors
    • External Audit Offices
    • List Of Agreements
    • CMA Gallery
    • Media Appearances
    • Press Releases
    • Kuwait's Exchange Privatization Journey
  • International Organizations
عـربـي

CMA Board Releases - CMA

CmaBoardReleases

Board Releases

Back to Search

Board Releases

A+| A-
Title: Resolution No. (125) of 2019 Regarding Granting a Private Marketing License of a Collective Investment Scheme Incorporated outside the State of Kuwait to the Securities House Company to Market the Units of USIDP Real estate Fund
Date Publish 01 August 2019


Having Perused:

 

- Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments; and

- The Memorandum and Articles of Association of the Securities House Company; and

- Based on the agreement between the representative of the collective investment scheme which Sliverstone Capital Ltd and the marketing manager of the Securities House Company; and

- Based on the application submitted by the Securities House Company to conduct a private marketing of USIDP Real estate Fund; and

- Resolution No. (149) of 2018 regarding amending the final approval of authorizations for the Supervision Sector’s procedures issued on 25/11/2018.  

  
The Following Was Resolved

 

Article (1)

The Securities House Company is hereby licensed to market 2.855 ordinary shares (Two Thousand and Eight Hundred and Fifty Five shares only) of USIDP Real estate Fund as a private subscription in the State of Kuwait. It is incorporated in the Cayman Islands. Each are as follows:

  1. One share whose holder does not have a voting right in USIDP Real Estate Ltd.
  2. Three shares whose holder does not have a voting right in USIDP Finance Ltd.

The offering price shall be USD 4,000 (Four thousand US dollars only) per unit, in addition to a 1% subscription fee for each investment share.

The marketed units shall be offered only for professional clients in the State of Kuwait according to Module One (Glossary) 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, the party receiving the subscription applications is as follows:


- The Securities House Company

 

Article (2)
The objectives of the Collective Investment Scheme are as mentioned in the prospectus.
 
Article (3)
The marketing license term is one year renewable annually from the issuance date of CMA’s license, and after paying the prescribed fees.
 
Article (4)
The prescribed fees shall be paid within one month from the date of issuance of this Resolution. In case of default, this Resolution shall be considered null and void.
 
Article (5)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance, and it shall be published in the Official Gazette.

 


Zeyad Al-Fulaij
Head of Supervision Sector
 
Issued on: 01/08/2019

Copy of the Official Document

Disclaimer: The information provided on this page is for reference purposes only, visitors are encouraged to review and understand the information provided in the official scanned document attached in the link above (if available). The CMA endeavors to ensure that the information on this page is complete and accurate, but the CMA does not guarantee the quality, accuracy, or completeness of any content at any time. In the event the information on this page is different from the content in the official scanned document attached in the link (if available), the official scanned document attached shall take precedence.

Share & Print


  • Share
  • Print

CmaSideNavigation

In this section

  • Home
  • About CMA
  • Awareness
  • Media Center
  • International Organizations

CMA Automated Assistant

Footer - Links

  • Privacy Policy
  • Publishing Policy
  • Site Map
  • Contact Us

Footer - Copyrights

Copyright © 2021 Capital market authority. All Rights Reserved

Footer - Useful Links

Useful Links

  • International Organization of Securities Commissions (IOSCO)
  • Boursa Kuwait
  • Central Bank of Kuwait
  • Kuwait Investment Authority
  • Kuwait Government Online
  • Kuwait Clearing Company

Footer - Contact Us

Contact Us

Email:pr-media@cma.gov.kw

Phone:1888898

Fax:+965 22903500

Postal Address:P.O.Box 3913, Safat 13040, Kuwait

Address:Kuwait City, Al-Shahuda Street, Al-Hamra Tower, 20th Floor

Footer - Social Media

Follow

Tweets by cma_kwt