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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Kuwait seeks bids to buy stake in national carrier

Posted on 02 August 2011

Kuwait on Monday invited bids from local and international investors to buy a stake in Kuwait Airways as part of a privatisation process to turn the loss-making airline into profit. The privatisation committee of Kuwait Airways said in a statement that interested parties should submit their “expression of interest” to participate in the bidding for 35 percent of the airline.
Five percent will be granted to Kuwaiti employees while the remaining 20 percent will be held by Kuwait Investment Authority, the OPEC member sovereign wealth fund……………………………………….Full Article: Source

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