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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Kuwait’s KIA wants updates on Zain’s stake sale

Posted on 31 July 2009

From Reuters: Kuwait Investment Authority (KIA), the Gulf state’s sovereign wealth fund, has asked Zain to keep it updated on any talks linked to a stake sale in the mobile operator, a local newspaper said on Thursday.

KIA, which owns 24.6 percent of Zain, said it wants to be able to evaluate any offer based on its own investment strategy, al-Qabas said in an unsourced report citing correspondence between two parties……….Full Article: Source


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