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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Kuwait fund unaffected by Etisalat offer for Zain

Posted on 11 October 2010

From Indiatimes.com: The Kuwait sovereign fund’s stake in Zain is not affected by an offer from Emirates Telecommunications Corp (Etisalat) to buy 46 per cent of the Kuwaiti telecom company, the fund’s general manager said. Kuwait Investment Authority (KIA), the Gulf Arab state’s sovereign wealth fund, holds a 24.6 per cent stake in Zain.

KIA’s general manager, Bader al-Saad, told Al Arabiya television that the fund supports the Etisalat-Zain deal as it would have a positive impact on the Kuwaiti bourse and the economy…………………………………….Full Article: Source


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