Title: Press Release: The Capital Markets Authority Launches the Securities-Based Crowdfunding Service for the First Time in the State of Kuwait by Registering the First Company in the FinTech Services Register

Kuwait, 20 July 2025 – Within the framework of the Capital Markets Authority’s (CMA) pursuit to adopt and implement the best international practices in developing the capital markets in the State of Kuwait, based on CMA’s strategic objectives in capital markets development, diversifying the investment tools, and in CMA’s conviction in the importance of FinTech as a rapidly growing and evolving sector with many individuals and institutions adopting its services, as a result CMA issued Module Nineteen of (Financial Technologies) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and amendments; governing the first batch of FinTech services of Securities-based Crowdfunding and Digital Financial Advisory, followed by the launch of the initial implementation phase of Module Nineteen (Financial Technologies) referred to in Resolution (181) of 2023, to achieve the desired objectives of regulating these new services for the first time in the Kuwaiti market to facilitate the process of compliance for interested parties in providing the service and the investors pursuing to participate in it.

The Capital Markets Authority announces the registration of Al Mowazi Capital Company in the register of Securities-Based Fintech Services at the CMA as a Securities Based Crowdfunding Platform, this step demonstrates CMA activating Fintech regulations by launching an innovative service in the State of Kuwait, and it serves as a inauguration that aims to support the growth of the financial technology sector and enhance the concept of financial inclusion in the State of Kuwait, it will contribute to diversifying investment products and finding new investment channels that contribute to diversifying the national economy to aid different segments of society effectively, in addition to supporting entrepreneurs and project owners throughout these new financing channels.

What is Crowdfunding?
Crowdfunding means the practice of raising money from a large number of people. There are many forms of crowdfunding, however, the Capital Markets Authority regulates the form that is related to securities activities, which is the Securities-based Crowdfunding. 

Securities-based Crowdfunding
A means through which companies can raise funds for projects in exchange for waiving part of their shares or issuing securities.

Registered Crowdfunding Platform: 

a legal entity that is registered with the Authority to provide the digital operating software system that allows issuers and members of the general public to interact with each other through the offering and sale of Securities of a Crowdfunding Offer.

The Objectives of Securities-based Crowdfunding Service:

• Providing direct channels of dealing that bring together investors interested in investing in SME’s.
• Providing non-traditional alternative financing channels for small investors and entrepreneurs.
• Increasing the level of liquidity in the market by providing other financing channels (other than traditional investment channels) for SME’s.
• Enhancing awareness and knowledge of the service parties in the financial and investment aspects, which will contribute to the advancement of these parties with their financial transactions in the Kuwaiti financial market.

The Initial Implementation Phase:

The launch of the initial implementation phase of Module Nineteen (Financial Technologies) pursuant to Resolution No. (181) of 2023, where persons wishing to provide the Fintech services governed by CMA- the services are Digital Financial Advisory and Securities-Based Crowdfunding- submitted their applications for registration in CMA’s register of securities-based digital financial services during the primary implementation phase of Module Nineteen (Financial Technologies) - The CMA specified a period extending from the start of the initial implementation phase from 02/01/2024 until 01/07/2024 to submit the application during the initial implementation phase, the period that follows is for CMA studying and approving the applications, CMA previously registered three companies to provide digital financial advisory service and registration in the Financial Technologies Register at the end of last year. CMA announces the issuance of Resolution No. (132) of 2025 on 20/07/2025 regarding the registration of Al Mowazi Capital Company in the Register of Securities-Based Fintech Services at the CMA as a Securities Based Crowdfunding Platform, to be the first company to be registered in the mentioned CMA register to provide a Securities Based Crowdfunding Platform service.

The CMA continues studying a number of other applications related to providing a Securities Based Crowdfunding Platform during the specified period, by directly coordinating with the applicants to ensure meeting all conditions and requirements in preparation for registering in the Register of Securities-Based Fintech Services.

It should be noted that the list of companies registered in the Register of Securities-Based Fintech Services can be viewed through the Financial Technology page at CMA’s website, it is updated periodically in accordance with the CMA’s resolutions in this regard.

Finally, CMA invites all persons interested and concerned to communicate with its concerned organizational unit of financial technologies with regard to the regulatory framework of financial technologies, and its products and services, the CMA urges to communicate with the registered companies in the Fintech Services Register in case any inquiries regarding their services, which contributes to the integration of all the efforts of stakeholders and interested parties to support CMA’s initiatives in developing the regulatory framework to increase success and sustainability.

Ends-
Notes to Editors:
The Capital Markets Authority was established pursuant to Law No. 7/2010, approved by the Kuwaiti Parliament in February 2010. Pursuant to the Law, the CMA shall regulate and supervise the securities activities, achieve transparency and fairness, observe listed companies’ execution of Corporate Governance regulations, and protect investors from unfair practices which violate the CMA's Law.

Furthermore, the Law's provisions stipulate the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs related to securities activities.
For further information, please contact:
Public Relations & Media Office
Tel: 1888898
Email: pr-media@cma.gov.kw