CmaBoardReleases
Title: Resolution No. (02) of 2015 of the Capital Markets Authority Regarding Private Marketing License of a Foreign Collective Investment Scheme Granted to Strategia Investment Company - SIC (Kuwaiti Shareholding Company) for Thomas H. Lee Shares 7th Fund
Resolution No. (02) of 2015
of the Capital Markets Authority
Regarding
Private Marketing License of a Foreign Collective Investment Scheme Granted to Strategia Investment Company - SIC (Kuwaiti Shareholding Company) for Thomas H. Lee Shares 7th 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
- The Memorandum and the Articles of Association of Strategia Investment Company (Kuwaiti Shareholding Company), and the agreement between the investment manager of THL Managers, and the marketing manager in Strategia Investment Company - SIC (Kuwaiti Shareholding Company); and
- Based on the request of Strategia Investment Company - SIC (Kuwaiti Shareholding Company) on 10/12/2014 to conduct the private marketing for Thomas H. Lee Shares 7th Fund; and
- Based on the Capital Markets Authority Board of Commissioners' Resolution No. (60) of 2014 regarding delegating some jurisdictions of the Supervision Sector, which is passed in its meeting No. (26) of 2014 held on 30/11/2014 concerning the approval of the CMA's Organizational Structure and assigning to the Commissioners the task of supervising the CMA's sectors, and delegating some of the jurisdictions to the Commissioners supervising the CMA's sectors;
The Following Was Resolved
Article (1):
Strategia Investment Company - SIC (Kuwaiti Shareholding Company) is hereby licensed to market $300,000,000 (USD three hundred million) of Thomas H. Lee 7th Fund's units as a private marketing inside the State of Kuwait. It is established in the United States of America, and the minimum subscription in the fund is $20,000,000 (USD twenty million)
Article (2):
The objectives of the Collective Investment Scheme are as mentioned in the Subscription Prospectus.
Article (3):
The license term is one year renewable annually after paying the required fees.
Article (4):
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its publication in the Official Gazette.
Mishaal M. Al-Usaimi
Vice Chairman, CMA Board of Commissioners
Issued on: 13/1/2015