CMA LAW: Resolution No. (195) of 2025 Regarding the Restriction of the Securities Activities License of Kuwait & Middle East Financial Investment Company (KMEFIC)

Having Perused:

• Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, its Executive Bylaws, and amendments thereto, and
• Resolution No. (67) of 2023 Regarding the Renewal of the Securities Activities License for Kuwait & Middle East Financial Investment Company; and
• Resolution No. (140) of 2023 Regarding the Renewal of the Securities Activities License for Kuwait & Middle East Financial Investment Company; and
• Resolution No. (32) of 2025 Regarding the Renewal of the Securities Activities License for Kuwait & Middle East Financial Investment Company; and
• Resolution No. (153) of 2025 Regarding the Renewal of the Securities Activities License for Kuwait & Middle East Financial Investment Company; and
• Based on CMA Board of Commissioners Resolution passed in its meeting No. (38) of 2025 held on 05/11/2025. 

The Following Was Resolved:
Article (1)
The following securities activities of Kuwait & Middle East Financial Investment Company are hereby restricted:

-Securities Broker not Registered with an Exchange
- Investment Portfolio Manager.
- Collective Investment Scheme Manager.

-Custodian.
- Subscription Agent.

-Market Maker.

The Company is limited to managing and safeguarding the current funds and assets of clients and continuing to manage existing investment funds that were in liquidation prior to the date of this resolution. The Company is prohibited from accepting the management and safeguarding of new clients’ fund and assets or from incorporating or marketing new collective investment schemes, until it complies with the regulatory capital requirements stipulated in the Capital Adequacy Regulations. The Company failed to meet the minimum required regulatory capital during previous periods from the end of 31/12/2022 to the end of 30/06/2025.

Article (2)
The Company shall prepare a plan to address the reasons for restriction of the activity and submit it to the CMA as set forth in Article (1-14-1) of Module Five (Securities Activities and Registered Persons) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and amendments thereto. 

Article (3)
The Company shall meet all legal obligations set by Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, its Executive Bylaws, and amendments thereto.

Article (4)
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.

Emad Tifouni
Issued on: 09/11/2025.

Copy of the Official Document

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