Special Marketing License for "Kuwait Investment Company" for Goldman Sachs European Credit Fund Shares

The Capital Markets Authority issued an official decision granting Kuwait Investment Company a private marketing license for a collective investment scheme established outside the State of Kuwait, specifically for the European Credit sub-fund of Goldman Sachs Alternative Investments (SICAV) - SICAV, which is domiciled in Luxembourg. The decision included the following conditions and details:

Marketing Volume: Marketing of no more than 1,500,000 shares (one million five hundred thousand shares) of the shares of the European Credit A sub-fund of Goldman Sachs Alternatives SICAV.

Target Audience: The offering of shares within the State of Kuwait is restricted to professional clients only.

Pricing Mechanism: The offering price shall be variable based on the net asset value (NAV).

Subscription Fees: The fee amounts to 2% of the subscription value for shares of the RID or RIA share classes.

License Duration: One full year starting from the date of issuance of the license certificate.

Financial Provisions: The decision stipulated that the prescribed fees must be paid within one month from the date of its issuance; otherwise, the decision shall be deemed null and void in the event of failure to pay within the specified period.