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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

KIA to auction stake in Islamic lender

Posted on 24 June 2009

From Btimes.com.my: 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.

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


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