| From Alwatan Daily: A US newspaper reported that the Kuwait Investment Authority (KIA) withdrew from taking part in the first public offering (IPO) of General Motors Company (GM) after the company increased its initial public offering for the regular share to reach 32-33 US dollars from $26-$29.
This seems to go hand in hand with the authority's Managing Director Bader Al-Saad's statements which he had made earlier, conditioning the authority's approval in taking part in the offering with the marginal rates and achieving investment feasibility. Al-Saad mentioned that the authority might take part in the GM IPO if the deal was fruitful, and announced that the authority would be interested in acquiring shares if their prices were lower..............................................Full Article: Source
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