CMA LAW: Resolution No. (77) of 2015 Regarding A Private Marketing License of a Foreign Collective Investment Scheme Granted to KFH Capital Investment Company for KFHC U.S Real Estate Fund 1

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 the Articles of Association of KFH Capital Investment Company, and the agreement between the investment manager of KFHC Investment Advisory Limited 1, and the marketing manager of KFH Capital Investment Company; and

- Based on the request of KFH Capital Investment Company on 16/7/2015 to conduct the private marketing for the KFHC U.S Real Estate Fund 1 in the State of Kuwait; The Following Was Resolved

Article (1) KFH Capital Investment Company is hereby licensed to market KFHC U.S Real Estate Fund 1 as a private marketing in the State of Kuwait. The Fund is established in Cayman Islands with a capital that reaches USD $100,000,000/- and a nominal value of USD $0.01/- per unit. The maximum limit of the units which will be marketed in the State of Kuwait is 250,000 units divided as follows:

1. Total of 225,000 units with no voting right.

2. Total of 25,000 units with voting right. The offering price per unit is USD $400, in addition to 2% subscription fee. The minimum subscription limit is USD $360,000. CMA Data Classification: Public 2 The subscription applications receiving parties shall be:

- KFH Capital Investment Company.

- Kuwait Finance House. Kuwait Finance House shall be the selling agent for KFH Capital Investment Company to market the units of the mentioned Fund, based on the CBK's approval

Article (2) The objectives of the Collective Investment Scheme shall be as mentioned in the Issuance Prospectus.

Article (3) The marketing license's term is one year. It is renewable annually after paying the assigned 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 issuance. It shall be published in the Official Gazette. Dr. Nayef Falah Al-Hajraf 

pdf copy

Disclaimer: The information provided on this page is for reference purposes only, visitors are encouraged to review and understand the information provided in the official scanned document attached in the link above (if available). The CMA endeavors to ensure that the information on this page is complete and accurate, but the CMA does not guarantee the quality, accuracy, or completeness of any content at any time. In the event the information on this page is different from the content in the official scanned document attached in the link (if available), the official scanned document attached shall take precedence.