CmaBoardReleases
Title: Resolution No. (167) of 2018 Regarding Granting a Private Marketing License of a Collective Investment Scheme Incorporated outside the State of Kuwait to Dimah Capital Investment for J EU V 1 Limited Fund
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 Dimah Capital Investment Company; and the agreement between the representative of the collective investment scheme which is Dimah Advisory Services Limited and the marketing manager "Dimah Capital Investment Company"; and
- Based on the request of Dimah Capital Investment Company to conduct a private marketing for J EU V 1 Limited Fund in the State of Kuwait on 27/11/2018; and
- Resolution No. (149) of 2018 regarding amending the final approval of authorizations for the Supervision Sector’s procedures issued on 25/11/2018.
The Following Was Resolved
Article (1)
Dimah Capital Investment Company is hereby licensed to market a total of 25,900 shares (only twenty-five thousand shares) of J EU V 1 Limited Fund as a private marketing in the State of Kuwait. It is incorporated in Jersey County. The offer price is Euro 1,000/- (only one thousand euro) per share, in addition to 1% subscription fee of the total subscribed amount.
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 its Executive Bylaws, and their amendments, the parties receiving the subscription applications are as follows:
- Dimah Capital Investment Company
Article (2)
The objectives of the Collective Investment Scheme are as mentioned in the prospectus.
Article (3)
The marketing license term is one year renewable annually from the issuance date of CMA’s license, and after paying the prescribed fees.
Article (4)
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 (5)
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
Acting Head of Supervision Sector
Issued on: 24/12/2018
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