Title: Resolution No. (153) of 2024 Regarding Granting a Private Marketing License of a Collective Investment Scheme Incorporated outside the State of Kuwait to Gulf Capital Investment Company to Market the Shares of Ares Wealth Management Solutions Global Assess S.C.A.

Having Perused:
- Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and amendments thereto; and
- The Memorandum and Articles of Association of Gulf Capital Investment Company, and the agreement between the representative of the collective investment scheme which is S64 (Lux) Sarl and the marketing manager Gulf Capital Investment Company; and
- The application of Gulf Capital Investment Company to conduct a private marketing for the shares of Ares Wealth Management Solutions Global Assess S.C.A.; and
- Based on Resolution No. (24) of 2023 regarding amending the approval authorizations of the Supervision Sector’s procedures issued on 12/02/2023.

The Following Was Resolved
Article (1)
Gulf Capital Investment Company is hereby licensed to market 5,157,258 shares (five million one hundred fifty-seven thousand and two hundred fifty-eight shares only) of Class S – Ares Strategic Income Offshore Access Fund of Ares Wealth Management Solutions Global Assess S.C.A. shares as a private marketing in the State of Kuwait. It is incorporated in Luxembourg.

The offering price shall be determined based on the net asset value per share at the time of the last monthly valuation, in addition to the subscription fee of 1.50% paid once upon subscription, provided that the maximum total value of the offered shares in the State of Kuwait shall not exceed 50 million Kuwaiti Dinars.

Article (2)
The marketed shares shall be offered only for professional clients in the State of Kuwait according to Module One (Glossary) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments.
The parties receiving the subscription applications are the following:
- Gulf Capital Investment Company.

- Gulf Bank

Article (3)
The objectives of the Collective Investment Scheme are as mentioned in the prospectus.

Article (4)
The marketing license term is one year renewable annually from the issuance date of the CMA’s license, and after paying the prescribed fees.

Article (5)
The prescribed fees shall be paid within one month from the date of issuance of this Resolution. In case of default, this Resolution shall be considered null and void.

Article (6)
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: 12/11/2024.

Copy of the Official Document