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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Market

Kuwait’s KIA to auction stake in Boubyan in July

Posted on 23 June 2009

From Reuters: Kuwait Investment Authority (KIA), the Gulf state’s sovereign wealth fund, will offer its stake in Islamic lender Boubyan Bank in a public auction in July, a state-controlled firm said.

KIA has set a minimum price of 550 fils ($1.91) per share for the auction on July 22, Kuwait Investment Co, a unit of KIA, said in a statement obtained by Reuters on Monday……..Full Article: Source


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