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

Kuwait bourse fund to start on Wed

Posted on 23 December 2008

From Tradearabia.com: A planned multi-billion-dollar government fund to buy into Kuwait’s bourse will be launched on Wednesday, state news agency Kuna said on Monday citing the country’s finance minister. Last month, Kuwait asked its sovereign wealth fund KIA to set up the fund to shore up the second largest Arab bourse.

“Kuwait Investment Authority (KIA) has allocated its share in the long-term investment fund to invest in the Kuwait Stock Exchange to the Kuwait Investment Co,” Kuna cited Mustapha al-Shamali, who also heads the KIA board, as saying…… Full Article: Source


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