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Sovereign Wealth Funds Briefing - Categorized | Market

Kuwait Sovereign Fund still interested in selling Zain stake

Posted on 01 June 2010

From Cellular-news.com: The Kuwaiti sovereign wealth fund, Kuwait Investment Authority (KIA) is again reported to be considering a sale of its 24.6% stake in Zain - if it can secure a suitable price. Citing unidentified sources, the local al Qabas newspaper said that the KIA has called on investment firms to evaluate a fair price for the stake.
KIA said: “The Kuwait Investment Authority did not commission any party to evaluate the fair price of Zain shares ahead of selling its stake to a strategic investor.”………………………………………Full Article: Source

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