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Title: Resolution No. (106) of 2025 Regarding Granting a Private Marketing License of a Collective Investment Scheme Incorporated outside the State of Kuwait to KAMCO Investment Company to Market the Units of Project Odessey Leasing Company Limited
Date Publish
19 June 2025
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 KAMCO Investment Company; and
-The application of KAMCO Investment Company to conduct a private marketing for the units of Project Odessey Leasing Company Limited; and
- Based on Resolution No. (04) of 2025 regarding amending the approval authorizations of the Supervision Sector’s procedures issued on 12/01/2025.
The Following Was Resolved
Article (1)
KAMCO Investment Company is hereby licensed to market 85,000,000 units (eighty-five million units only) of Project Odessey Leasing Company Limited as a private marketing in the State of Kuwait. It is incorporated in Jersey Island. The offering price shall be USD 1 (One US Dollars only) per unit, in addition to a 1% subscription fee paid once upon subscription.
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 party receiving the subscription applications is the following:
- KAMCO Investment Company.
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: 19/06/2025.
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