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Title: Resolution No. (14) of 2025 Regarding Granting a Private Marketing License of a Collective Investment Scheme Incorporated outside the State of Kuwait to The Securities House Company to Market the Units of EIP Investors Limited
Date Publish
21 January 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 The Securities House Company, and the agreement between the representative of the collective investment scheme which is Blue Pillar Advisors Ltd and the marketing manager The Securities House Company; and
- The application of The Securities House Company to conduct a private marketing for the units of EIP Investors Limited; 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)
The Securities House Company is hereby licensed to market 150,000 units (one hundred and fifty thousand units only) of EIP Investors Limited as a private subscription in the State of Kuwait. It is incorporated in the Caymen Islands.
The offering price shall be EUR 1,000 (one thousand Euros only) per unit, in addition to a subscription fee of 1% paid once at the time of subscription.
Article (2)
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 their amendments.
The party receiving the subscription applications is the following:
- The Securities House Company.
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 the 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: 21/01/2024.
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