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Sovereign Wealth Funds Briefing - Categorized | Market

Kuwait International seeks to re-list on local bourse soon

Posted on 09 February 2011

From Zawya Dow Jones: Kuwait International Investment Co., or KIIC, will soon ask the local bourse to re-list its shares. Kuwait Investment Authority, the country’s sovereign wealth fund, which owns more than 31% of KIIC, will be the first to benefit from the return of KIIC’s shares to trading, Hamed Al Eiban, KIIC’s chairman, said.
KIIC’s new board will hold its first meeting next week to elect the company’s new president and new managing director and will discuss a request to the bourse’s administration to allow the company’s shares to trade again, the daily cites Eiban as saying……………………………………….Full Article: Source


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