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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Kuwait cabinet approves $7.3 bln bourse fund

Posted on 03 December 2008

From Reuters: Kuwait approved a $7.26 billion fund to invest in the local bourse, which has been hit by the global financial crisis, several newspapers said on Tuesday.

Kuwaiti papers al-Watan, al-Seyassah, al-Rai, al-Jarida, and al-Anbaa said in unsourced reports the cabinet approved on Monday a 2 billion dinar government portfolio to invest in the stock market….. Full Article: Source


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