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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Kuwait’s Zain says reviewing strategy; shares up

Posted on 02 July 2009

From Reuters: Kuwaiti mobile operator Zain, whose biggest shareholder is Kuwait’s sovereign wealth fund,said it was working with Swiss bank UBS and other consultants to review its strategy, to boost shareholder value during the financial downturn.

“(Zain) cooperates with UBS and other consultants to study and review Zain’s overall strategies, which reflects positively on shareholders’ equity,” it said in a statement on the bourse website………Full Article: Source


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