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Sovereign Wealth Funds Briefing - Categorized | Investment

Kuwait’s Securities eyes KIA’s stake in Zain

Posted on 12 October 2009

From Arabfinance.com: Kuwait investment firm Securities Group Co is studying a bid to buy a stake of up to 24.6 percent stake in telecom firm Zain held by the country’s sovereign wealth fund, its chairman said on Sunday.

Bader al-Saad, managing director of the Kuwait Investment Authority (KIA), said on Oct. 5 the fund might sell its Zain stake, though the fund is not party to talks between shareholders, the telecom firm and potential buyers…………………..Full Article: Source

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