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

Kuwait Finance Minister to ask KIA to delay Boubyan stake sale

Posted on 29 June 2009

Zawya Dow Jones; The Kuwaiti Ministry of Finance is expected to ask the Kuwait Investment Authority, or KIA, to delay selling its 20%-stake in Boubyan Bank, Kuwait-based Al Seyassah daily reports Monday.

The ministry would take this decision due to pressures from Kuwaiti members of parliament who have objected to the deal on the grounds that KIA is a strategic investor that should support local companies’ shares and shouldn’t act as a speculator, the paper reports citing people familiar with the matter. …….Full Article (Subscription Required) : Source


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