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Kuwait licenses Estate Capital for $25M fund
The Kuwait Capital Markets Authority has issued a license to Estate Capital Investment to market the Venture Development Fund 2 Limited, with a total value of $25 million. This will be carried out through a private placement exclusively for professional clients in Kuwait, at a price of $1,000 per share. The license specifies that 25,000 shares will be marketed within one year from the date of issuance. The subscription fees are set at 1% of commitments between $350,000 and $1 million, and 0.5% for commitments exceeding $1 million. Kavik Investment recorded profits amounting to 51,220 Kuwaiti Dinars in the first half of 2026, despite a 98% decline compared to the same period last year.
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