Capital Markets Authority Approves Establishment of 'Gulf Sukuk Fund' with Capital Up to 500 Million Dinars

The Capital Markets Authority approved granting Gulf Capital for Investment a license to establish and offer the “Gulf Sukuk Fund” to the public, with a variable capital ranging between 2 million and 500 million Kuwaiti dinars, according to Decision No. 156 of 2026, published in the “Kuwait Today” newspaper. The decision set the nominal value of each investment unit at 10 dinars, with a minimum subscription amount of 10,000 dinars, and any additional subscriptions in increments of 100 dinars. It also stipulated that 50 million units would be offered to the public, with a total value reaching 500 million dinars. According to the decision, the fund’s duration is 15 years, renewable, with a requirement that the fund manager’s initial contribution be no less than 100,000 dinars. Gulf Capital for Investment and Gulf Bank will jointly receive subscription applications. The Authority granted the fund a temporary license for three months to complete establishment requirements and secure the minimum capital, after which a three-year license will be issued upon fulfillment of the necessary conditions.