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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Management/Administration

Kuwait firms demand $1.12bn government fund

Posted on 21 October 2008

From Business24-7.ae: Kuwaiti investment firms are urging the government to set up a $1.12 billion fund to help them settle their debt, in the wake of the global financial crisis.

Investment companies have asked Finance Minister Mustapha al-Shamali and the Managing Director of the Kuwait Investment Authority (KIA) Bader Al Saad on Sunday to set up a portfolio or a fund worth 300 million dinars to help pay back part of their debt, daily Al Watan said in an unsourced report…… Full Article: Source


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