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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Kuwait’s KIA ups invest on local bourse

Posted on 10 October 2008

From Gulf-times.com: Kuwait Investment Authority (KIA), the Gulf state’s sovereign wealth fund, has increased investments on the local stock market to shore up the sagging bourse after a recent slide.

Prime Minister Sheikh Nasser al-Mohammad al-Sabah told Kuna that KIA had undertaken several measures to support the bourse, including raising investments in eight stock funds. KIA has also urged local listed companies in which it owns a stake to exercise their right to buy back shares, KUNA said….. Full Article: Source


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