03.07.2009 - Kuwait eyes auctions of local company stakes
From Reuters: Kuwait's sovereign wealth fund may sell more stakes it owns in local companies through an auction process, finance minister Mustapha al-Shamali told reporters on Thursday. The Kuwait Investment Authority , the Gulf state's sovereign wealth fund, has already said that it will offer its stake in Islamic lender Boubyan Bank in a public auction later in July.........Full Article: Source