Capital Markets Authority licenses establishment of 'Gulf for Sukuk' with capital up to 500 million dinars

The Capital Markets Authority approved granting Gulf Capital for Investment a license to establish the “Gulf Sukuk Fund,” with a variable capital ranging between 2 million and 500 million Kuwaiti dinars, to be offered for public subscription.

According to Decision No. (156) of 2026, published in the “Kuwait Today” newspaper, the nominal value of each investment unit is 10 dinars, with a minimum subscription amount of 10,000 dinars, in increments of 100 dinars. A total of 50 million units, with a aggregate value reaching 500 million dinars, will be offered for public subscription.

The decision sets the fund’s duration at 15 years, renewable, and stipulates that the fund manager’s contribution at the time of establishment must not be less than 100,000 dinars. Subscription applications will be accepted from both Gulf Capital for Investment and Gulf Bank.

The decision also grants the fund a temporary license for three months to complete establishment requirements and meet the minimum capital threshold, after which it will be licensed for a period of three years upon fulfillment of the necessary requirements.