| The Kuwait Investment Authority (KIA) has decided to resume selling stakes in major local companies to the public, planning to offer its stake in Kuwait Investment Co in the first half of 2015, state news agency KUNA reported.
The decision was made by KIA's board of directors late on Wednesday, KUNA quoted the sovereign wealth fund as saying. The KIA, one of the world's largest sovereign funds with assets estimated at over $400 billion, began offering stakes in listed Kuwaiti firms to the public in the 1990s as part of efforts to transfer more of the country's corporate wealth into private hands...............................................Full Article: Source
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