Kuwait’s Capital Markets Authority Cancels Rasameel’s Securities Licence, Completing Its Merger by Absorption into KFIC Invest

On 12 July 2026, Kuwait’s Capital Markets Authority (CMA) published, in the Official Gazette (Kuwait Al-Youm, Issue 1799, page 14), Resolution No. 94 of 2026 cancelling the securities-activities licence of Rasameel Investment Company and striking it from the CMA register of licensed persons. The step completes Rasameel’s merger by absorption into KFIC Invest (Kuwait Finance and Investment Company).

The merger proceeds by way of absorption: Rasameel is dissolved and its entire estate (assets and liabilities alike) passes to KFIC Invest. The transaction was approved by the extraordinary general assemblies of KFIC Invest on 1 February 2026 and of Rasameel on 8 February 2026, annotated on the commercial register at the Ministry of Commerce and Industry on 24 March 2026, and cleared for execution by the CMA on 14 June 2026. Resolution No. 94 gives the licence cancellation effect from that commercial-register date.

The same gazette issue carried two further CMA supervisory decisions: Resolution No. 92 of 2026, granting Watani Investment Company a private-placement licence to market up to USD 160 million of units in the Luxembourg-domiciled Lemania funds to professional clients only, and Resolution No. 93 of 2026, authorising Gulf Capital Investment Company to establish the open-ended Al-Badr Islamic Gulf Equities Fund.

WEFAQ’s view: A merger by absorption is only complete once the regulatory perimeter catches up with the corporate steps. Here the assembly approvals and commercial-register annotation preceded the CMA’s licence cancellation by several months, and it is the deregistration that formally removes the absorbed firm from the market. Parties structuring the absorption of a CMA-licensed or CBK-registered entity should map the full sequence (assembly, then register, then regulator) into the closing timetable, and keep client-money, custody and reporting obligations live until the licence is actually cancelled.

Source: Kuwait Al-Youm, Issue 1799, page 14 (Capital Markets Authority Resolutions No. 92, 93 and 94 of 2026), dated 12 July 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.