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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials, Investment

Kuwaiti MPs may question finance minister over Zain stake sale

Posted on 11 November 2010

From Bloomberg: Kuwaiti opposition lawmakers said they may question Finance Minister Mustafa al-Shimali over the Kuwait Investment Authority’s handling of the sale of a stake in Mobile Telecommunications Co., known as Zain, to Etisalat.
The four-member Popular Action Bloc “has decided to put its political responsibilities into action” and will question al-Shimali if the investment authority, the country’s sovereign wealth fund, approves the transaction, the bloc said in a statement distributed to the press……………………………………….Full Article: Source


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