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. (44) of 2024 Regarding Granting Preliminary Approval for the Incorporation of a Company to Practice Securities Activities in accordance with Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and amendments issued on 07/04/2024; and

- Based on the application of the founders of a company under incorporation to renew the preliminary approval issued by the CMA for a similar period; and

- Based on Resolution No. (24) of 2023 regarding amending the approval authorizations of the Supervision Sector’s procedures issued on 12/02/2023.

The Following Was Resolved
Article (1)
The CMA hereby grants preliminary approval for incorporating a closed shareholding company to practice securities activities. Its details are as follows:
• Securities Activities:
- Securities Broker not registered with an Exchange.
• Capital: KWD 1,000,000 (one million Kuwaiti Dinars)

This is for the Company founders mentioned in the following table:

This approval shall be valid for six renewable months as of 07/10/2024 and ends on 06/04/2025, in order to meet the criteria specified by the CMA.

Article (2)
The Company under incorporation is hereby licensed according to this Resolution, in its final approved name and after completing the requirements mentioned in the preliminary approval letter issued by the CMA. The License is for three renewable years as of the date of issuance of the CMA license certificate, and after paying the prescribed fee.

Article (3)
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. 

Anwar Al Mudhaf
Acting Head of Supervision Sector 
Issued on: 07/10/2024.