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

Kuwait wealth fund: price offered for Zain “good”

Posted on 06 October 2009

From Reuters: Kuwait’s sovereign wealth fund considers the price offered to fellow shareholders for a stake in mobile telecom firm Zain as “good”, the fund’s managing director said in remarks aired on Monday.

Bader al-Saad said the Kuwait Investment Authority was not part of the negotiations between other shareholders and the potential buyers, but said the fund would look into selling its stake at the right price……………….Full Article: Source

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