CMA LAW: Announcement Regarding Cancellation of Resolution No. (78) of 2023 Regarding Granting a Private Marketing License of a Collective Investment Scheme Incorporated outside the State of Kuwait to Watani Investment Company (NBK Capital) to Market the Shares of Islamic Leasing and Finance Fund 33 Ltd Company

Based on Resolution No. (78) of 2023 Regarding Granting a Private Marketing License of a Collective Investment Scheme Incorporated outside the State of Kuwait to Watani Investment Company (NBK Capital) to Market the Shares of the Islamic Leasing and Finance Fund 33 Ltd issued on 30/05/2023.

And due to the failure to meet the requirements included in Article (4) of the Resolution mentioned above, which stipulates: “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”.

Accordingly, the CMA hereby announces cancellation of Resolution No. (78) of 2023 Regarding Granting a Private Marketing License of a Collective Investment Scheme Incorporated outside the State of Kuwait to Watani Investment Company (NBK Capital) to Market the Shares of the Islamic Leasing and Finance Fund 33 Ltd.

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