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

Kuwait eyes auctions of local company stakes

Posted on 03 July 2009

From Reuters: Kuwait’s sovereign wealth fund may sell more stakes it owns in local companies through an auction process, finance minister Mustapha al-Shamali told reporters on Thursday.

The Kuwait Investment Authority , the Gulf state’s sovereign wealth fund, has already said that it will offer its stake in Islamic lender Boubyan Bank in a public auction later in July………Full Article: Source


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