CMA LAW: Resolution No. (207) of 2025 Regarding Granting a Private Marketing License of a Collective Investment Scheme Incorporated outside the State of Kuwait to Gulf Capital Investment Company to Market the Shares of Ares Wealth Management Solutions Global Access S.C.A – Ares Strategic Income Offshore Access Fund

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 Gulf Capital Investment Company, and the agreement between the representative of the collective investment scheme which is S64 (LUX) SARL and the marketing manager Gulf Capital Investment Company; and
- The application of Gulf Capital Investment Company to conduct a private marketing for the shares of Ares Wealth Management Solutions Global Access S.C.A – Ares Strategic Income Offshore Access Fund; and
- Based on Resolution No. (04) of 2025 regarding the amendment of the approval authorizations for the Supervision Sector's procedures, issued on 12/01/2025.

The Following Was Resolved
Article (1)
Gulf Capital Investment Company is hereby licensed to market 1,626,865 million shares (one million six hundred and twenty-six thousand and eight hundred and sixty five shares only) of Ares Wealth Management Solutions Global Access S.C.A – Ares Strategic Income Offshore Access Fund shares as a private subscription in the State of Kuwait. It is incorporated in Luxembourg. The offering price shall be equal to the net asset value (NAV) per share according to the latest monthly valuation, plus a subscription fee of 1.50% paid once upon subscription, provided that the maximum value offered in the State of Kuwait does not exceed KWD 50,000,000 (fifty million Kuwaiti dinars only) or its equivalent in US dollars.

Article (2)
The marketed shares 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 parties receiving the subscription applications are as follows:
- Gulf Capital Investment Company.
- Gulf Bank.

Article (3)
The objectives of the Collective Investment Scheme are as mentioned in the prospectus.

Article (4)
The marketing license term is one year renewable annually from the issuance date of CMA’s license, and after paying the prescribed fees.

Article (5)
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 (6)
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: 08/12/2025.
 

Copy of the Official Document

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