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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

KIA sets Boubyan auction date

Posted on 29 June 2009

From Maktoob.com: Kuwait Investment Authority (KIA) is selling its stake in Boubyan Bank in an auction on July 22 with a minimum price of 550 fils a share ($1.90), the Kuwait bourse said in a statement on Sunday.

KIA will sell a 19.8 percent stake in the Kuwaiti lender, representing 231 million shares in three tranches, of 77 million shares each, the statement added……..Full Article: Source


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