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Kuwait's Financial Markets issues first institutional license to Goldman Sachs
The Kuwaiti Capital Markets Authority has announced the granting of its first institutional marketing license for a collective investment scheme established outside Kuwait, in favor of Goldman Sachs International. This license is essential to strengthen the environment for foreign investment. The license includes the West Street Mezzanine Partners 9 Offshore LP fund and the West Street Strategic Solutions Offshore LP fund, as part of efforts to develop the market and attract global financial institutions. This decision aims to facilitate the entry of foreign investors, enhance the market's attractiveness, and realize Kuwait Vision 2035 by developing a diversified economy based on investment and innovation. It also marks the beginning of a more flexible regulatory environment that supports both local and foreign investments, with a focus on professional clients with high financial capacity.
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