Kuwait’s Capital Markets Authority has granted an investment-adviser licence to BlackRock Advisors (UK) Ltd, a unit of global asset manager BlackRock, the regulator said on Wednesday.
The move permits BlackRock to operate in Kuwait and provide advisory services to institutional and retail clients. The CMA described the licensing as a milestone, reflecting the country’s growing capacity to attract major international financial institutions.
This licence extends BlackRock’s regional reach. The firm has previously expanded its presence across Gulf financial markets, including Abu Dhabi, Riyadh and Doha, securing partnerships in fund management, infrastructure and advisory services.
