CMA LAW: Resolution No. (128) of 2026 Regarding the Collective Investment Scheme License Granted to KAMCO Investment Company for the Incorporation of Kamco UK Real Estate Holding Fund (KWD)

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 application of KAMCO Investment Company for the Incorporation of Kamco UK Real Estate Holding Fund (KWD) in the State of Kuwait; and
- Memorandum and Articles of Association of KAMCO Investment Company; and
- Articles of Association, Subscription Prospectus, and agreements of services providers of Kamco UK Real Estate Holding Fund (KWD); 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): 
KAMCO Investment Company is hereby granted approval to incorporate Kamco UK Real Estate Holding Fund (KWD). It is offered for private subscription in a variable capital with a minimum of KWD 100,000 (one hundred thousand KW Dinars only), a maximum of KWD 165,000,000 (one hundred and sixty-five million KW Dinars only), and a nominal value of KWD 1 (one KW Dinar only) per unit. Unitholders are not permitted to subscribe/participate in the Fund with less than KWD 100,000 (one hundred thousand KW Dinars only) of the Fund’s units. The subscriber may increase their ownership in the Fund by any value in any subsequent subscription.

Article (2):
A total of 165,000,000 units (one hundred and sixty-five million units only) totaling KWD 165,000,000 (one hundred and sixty-five million KW Dinars only) are offered for subscription. The Fund manager's contribution in the Fund’s units at inception shall not be less than KWD 100,000 (one hundred thousand KW Dinars only) or its equivalent in other currencies as a minimum. The Fund manager may dispose of or redeem some of their units in the event that their net value exceeds the minimum threshold stipulated in this Article. 

The parties receiving the subscription applications are as follows:
- KAMCO Investment Company
- Burgan Bank

Article (3):
The objectives of the Fund are as mentioned in the subscription prospectus.
 
Article (4):
The Fund’s duration is eight calendar years, starting from the date of registration at the Funds Register with the CMA, renewable for other similar term(s) based on a request from the Fund’s manager, and upon approval of the CMA and the unitholders who represent more than 50% of the Fund’s issued capital. In the event of approval of the extension, the Fund manager shall notify the unitholders thereon within a maximum period of ten business days from the CMA’s approval.
 
Article (5):
The Fund is granted a temporary license for three months from the start of the subscription period for the purpose of completing the CMA’s requirements and the minimum Fund capital. No Fund activities can be practiced based on this temporary license.

Article (6):
The applicant may close the subscription period and be satisfied with the subscribed capital at any time during the temporary license, provided that it is announced or the target group that was invited to subscribe is notified or announced at least three business days before the new closing date.

Article (7):
In the event of the expiration of the temporary license without completing the requirements stipulated in Article (5) of this Resolution, the temporary license shall be revoked, unless the license validity is extended for another similar term upon the request of the license applicant before the end of the original term of the temporary license.
 
Article (8):
The assigned fees shall be paid within 30 days from the date of issuance of this Resolution. In case of default in paying the fees during the specified period, this Resolution shall be considered null and void.
 
Article (9):
The Fund shall be licensed after completing the minimum limit of the capital, for three years from the date of its registration in the Funds Register at the CMA.
 
Article (10):
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: 08/09/2026.
 

Copy of the Official Document

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