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Sovereign Wealth Funds Briefing - Categorized | Market

Kuwaiti banks push stability fund suggestions to KIA

Posted on 09 February 2010

From Alwatan.com.kw: Local banks have delivered their suggestions to the Kuwait Investment Authority (KIA) on the establishing of the Financial Stability Fund. According to reliable source, the suggestions were delivered after being studied thoroughly as an idea was suggested by Kuwait’’s Gulf Bank during a meeting held on the mid of January that included all chairmen of local banks.
The source said that KIA is now conducting a comprehensive study on the suggestion of establishing this fund at a capital exceeds three billion Kuwaiti dinars, where KIA owns 50 percent of its shares…………………………………Full Article: Source

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