Title: Resolution No. (51) of 2025 Regarding Granting a Private Marketing License of a Collective Investment Scheme Incorporated outside the State of Kuwait to KFH Capital Investment Company to Market the Stakes of KFHC VENTURES FUND I LP

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 KFH Capital Investment Company, and the agreement between the representative of the collective investment scheme which is KFHC Ventures LTD and the marketing manager KFH Capital Investment Company; and
- The application of KFH Capital Investment Company to conduct a private marketing for the shares of KFHC VENTURES FUND I LP; 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)
KFH Capital Investment Company is hereby licensed to market 1621 stakes (one thousand six hundred and twenty-one stakes only) of KFHC VENTURES FUND I LP as a private subscription in the State of Kuwait. It is incorporated in the Caymen Islands. The offering price shall be determined at the time of the offering based on the percentage of investor’s capital contribution to the total capital contributions of all investors, in addition to the subscription fee of 2% paid once upon subscription. The maximum total value of the stakes offered in the State of Kuwait shall not exceed KWD 50 million (fifty million Kuwaiti Dinars only).

Article (2)
The marketed stakes 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 parties receiving the subscription applications are as follows:

- KFH Capital Investment Company.
- Kuwait Finance House (KFH).

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 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: 26/03/2025.

Copy of the Official Document