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Sovereign Wealth Funds Briefing - Categorized | Investment

Kuwait Airways to get $128 mln boost from KIA

Posted on 04 July 2011

Kuwait Investment Authority will contribute 35 million dinars ($128 million) to make up for a decline in Kuwait Airways Corp.’s market value, Al-Watan reported, citing a report by the fund.

The value of the state-owned carrier being prepared for sale dropped to 185 million dinars from 220 million dinars, according to the newspaper. The wealth fund’s contribution is a step toward the carrier’s sale, Al-Watan said……………………………………….Full Article: Source

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