CmaBoardReleases
Back to Search
Title: Resolution No. (152) of 2025 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 Stakes of US Student Housing V Portfolio
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 their amendments; 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 INVESTCORP ASSET ADVISORY SERVICES LIMITED and the marketing manager Gulf Capital Investment Company; and
- The application of Gulf Capital Investment Company to conduct a private marketing for the stakes of US Student Housing V Portfolio; 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)
Gulf Capital Investment Company is hereby licensed to market 300 stakes (three hundred stakes only) of US Student Housing V Portfolio as a private subscription in the State of Kuwait. It is incorporated in the Caymen Islands. Each stake consists of the following:
1. 1 Share (one share) of the ownership shares in 2025 SPMC Equity Holdings Limited.
2. 1 Share (one share) of the shares of the self-financing debt investment companies (means investment in two companies) which are:
• 2025 SPMC Finance Limited
• 2025 SPMC Finance II Limited
The offering price shall be USD 100,000 (one hundred thousand United States Dollars only) per stake, in addition to a one-time subscription fee amounting to 2% of the investor’s commitment to investment.
Article (2)
The marketed stakes 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 as follows:
- 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 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.
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.
We use cookies to ensure you get the best experience on our website.