CMA LAW: Resolution No. (29) of 2026 Regarding the License Application Submitted by Kuwait International Bank to Practice Securities Activities

Having Perused:
- Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, its Executive Bylaws, and amendments thereto, and
- Resolution No. (170) of 2025 Regarding the License Application Submitted by Kuwait International Bank to Practice Securities Activities pursuant to Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and its amendments issued on 15/09/2025; and
- Based on the application submitted by Kuwait International Bank to renew the preliminary approval issued by the Capital Markets Authority for a similar period; 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)
The Preliminary approval granted to Kuwait International Bank is hereby renewed to license the activity of Subscription Agent.

This approval is valid for six months, starting from 13/03/2026 and ending on 10/09/2026, in order to meet the criteria specified by the CMA.

Article (2)
The Bank mentioned in this Resolution shall be granted a license upon completion of the requirements stated in the preliminary approval letter issued by the CMA. This license is valid for a renewable period of three years, starting from the date of issuance of the CMA license certificate, and after payment of the prescribed fee.

Article (3)
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: 12/03/2026.

Copy of the Official Document

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