CMA Clears New KIB Dollar Money Market Fund and Two KFH Capital Foreign Fund Placements

The Capital Markets Authority has published five supervision-sector resolutions in the Official Gazette, Kuwait Al-Youm Issue 1804, dated 16 August 2026, all of them concentrated in investment fund activity.

Resolution No. 113 of 2026 grants Al-Dawli Invest Investment Company, the investment arm of Kuwait International Bank (KIB), approval to establish the KIB USD Money Market Fund. The fund will be offered to the public with variable capital of between USD 7 million and USD 1 billion, a nominal value of one US dollar per unit and a minimum first subscription of USD 5,000. It runs for ten renewable years, and the manager must keep at least KWD 100,000 invested in its units. A three-month provisional licence gives the manager time to complete the Authority's requirements and reach minimum capital before any activity begins.

Resolutions No. 114 and 115 of 2026 licence KFH Capital Investment Company to market two foreign funds to professional clients in Kuwait by private placement: 150,000 units of KFH Capital Private Credit Fund 1 Designated Activity Company, established in Ireland, at USD 1,000 per unit, and 120,000 units of UK Real Estate Fund VII LP, established in Guernsey, with a ceiling of KWD 50 million on the amounts offered in Kuwait. Each marketing licence runs for one year.

The Authority also renewed the collective investment scheme licence of the Watani USD Money Market Fund (Resolution No. 112) and the securities activity licences of Gulf Capital Investment Company (Resolution No. 116), each for three years.

WEFAQ's view: the private placement route has become a regular channel through which Kuwaiti managers bring international credit and real estate products to professional investors, with four such licences gazetted this month alone, while the new KIB fund adds a publicly offered dollar liquidity option to a growing money market segment.

Source: Capital Markets Authority Resolutions Nos. 112 to 116 of 2026; Kuwait Al-Youm Issue 1804, dated 16 August 2026.

This article is provided for general information only and does not constitute legal advice. For advice specific to your circumstances, please contact WEFAQ Law Firm.