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Title: Resolution No. (151) of 2025 Regarding Granting a Private Marketing License of a Collective Investment Scheme Incorporated outside the State of Kuwait to Amar Finance & Leasing Company to Market the Shares of EAGLE INDIA INVESTMENTS SHARIA FUND I LIMITED
Date Publish
10 August 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 Amar Finance & Leasing Company, and the agreement between the representative of the collective investment scheme which is EAGLE INDIA INVESTMENTS SHARIA FUND I LIMITED and the marketing manager Amar Finance & Leasing Company; and
- The application of Amar Finance & Leasing Company to conduct a private marketing for the shares of EAGLE INDIA INVESTMENTS SHARIA FUND I LIMITED; and
- Based on Resolution No. (04) of 2025 regarding the amendment of the approval authorizations for the Supervision Sector's procedures, issued on 12/01/2025.
The Following Was Resolved
Article (1)
Amar Finance & Leasing Company is hereby licensed to market 80,000 shares (eighty thousand shares only) of EAGLE INDIA INVESTMENTS SHARIA FUND I LIMITED as a private subscription in the State of Kuwait. It is incorporated in the Caymen Islands. The offering price shall be determined based on the latest evaluation of the unit price according to the net asset value that is calculated on a monthly basis in addition to the subscription fee of 3% of the net subscription amount or any other percentage approved by the Fund and the Investment Manager.
Article (2)
The marketed units 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:
- Amar Finance & Leasing 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: 10/08/2025
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