Kuwait Authority Approves Estate Capital Fund Marketing
The Kuwait Capital Markets Authority has issued a license to Estite Capital Investment to market the Venture Development 2 Limited Fund in the Cayman Islands. A total of 25,000 shares will be offered at a total value of $25 million, with a set price of $1,000 per share. This offering is a private placement restricted to professional clients only. Details of the license include subscription fees ranging between 1% and 0.5% depending on the commitment amount. The investment objectives of the collective investment scheme are outlined as stated in the prospectus. The license is valid for one year from the date of issuance, with fees payable within one month, and the decision takes effect from its date. Additionally, Caffic Investment recorded profits of 51.22 thousand Kuwaiti dinars in the first half of 2026, representing a 98% decrease compared to the same period of the previous year.
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