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Sovereign Wealth Funds Briefing - Categorized | Financials

Kuwait’s Arabi Group says it wins health insurance co stake

Posted on 23 July 2013

Kuwaiti investment firm Arabi Group Holding Co. said on Monday it had won a bid for a 26 percent stake in Kuwait Health Assurance Co which was auctioned by the country’s sovereign wealth fund. Kuwait Investment Authority, the country’s wealth fund, set the conditions for the sale and launched the bidding process in April.
In a statement to the Kuwait bourse, Arabi Group said it had been selected as the strategic partner and would begin steps to establish the company, which is being set up to privatise expatriate health insurance and associated medical care………………………………………..Full Article: Source


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