CMA LAW: Resolution No. (69) of 2026 Regarding the Collective Investment Scheme License Granted to International Investment Company to Incorporate KIB Kuwait Equity 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 application of International Investment Company for the Incorporation of KIB Kuwait Equity Fund in the State of Kuwait; and

- Memorandum and Articles of Association of International Investment Company; and

- Articles of Association, Subscription Prospectus, and agreements of services providers of KIB Kuwait Equity 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):

International Investment Company is hereby granted approval to incorporate KIB Kuwait Equity Fund. It is offered for public subscription in a variable capital with a minimum of KWD 2,000,000 (two million KW Dinars only), a maximum of KWD 100,000,000 (one hundred million KW Dinars only) and a nominal value of KWD 1 (one KW Dinar only) per unit. Unitholders are not permitted to subscribe/participate in the Fund with less than KWD 1,000 (one thousand KW Dinars only), and multiples of KWD 1,000 (one thousand KW Dinars only).

Article (2):

A total of 100,000,000 units (one million units only) totaling KWD 100,000,000 (one hundred million KW Dinars only) are offered for subscription. The Fund manager's contribution in the Fund’s units at inception shall not be less than KWD 100,000 (one hundred thousand KW Dinars) or its equivalent in other currencies as a minimum. The Fund manager may dispose of or redeem some of their units in the event that their net value exceeds the minimum threshold stipulated in this Article.

The party receiving the subscription applications is as follows:

- International Investment Company.

Article (3):

The objectives of the Fund are as mentioned in the subscription prospectus.

 Article (4):

The Fund’s duration is ten calendar years, starting from the date of registration at the Funds Register with the CMA, renewable for similar periods based on a request from the Fund’s manager, upon CMA approval. In the event that the extension is approved, the Fund Manager shall notify the unit holders within a period of not more than ten business days from the date of the CMA’s approval.

 Article (5):

The Fund is granted a temporary license for three months from the start of the subscription period for the purpose of completing the CMA’s requirements and the minimum Fund capital. No Fund activities can be practiced based on this temporary license.

Article (6):

The applicant may close the subscription period and be satisfied with the subscribed capital at any time during the temporary license, provided that the closure is announced or the target group invited to subscribe is notified or announced at least three business days before the new closing date.

Article (7):

In the event of the expiration of the temporary license without completing the requirements stipulated in Article (5) of this Resolution, the temporary license shall be revoked, unless the license validity is extended for another similar term upon the request of the license applicant before the end of the original term of the temporary license.

Article (8):

The prescribed fees shall be paid within 30 days from the date of issuance of this Resolution. In case of default in paying the fees during the specified period, this Resolution shall be considered null and void.

 Article (9):

The Fund shall be licensed after completing the minimum limit of the capital, for three years from the date of its registration in the Funds Register at the CMA.

 Article (10):

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.

Anwar Al Mudhaf

Acting Head of Supervision Sector
Issued on: 08/06/2026.

Copy of the Official Document

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