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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment

Kuwait prepares company with $1 bln to invest in Egyptian Bourse

Posted on 11 April 2011

The Kuwait Investment Authority (KIA), the Gulf state’s sovereign wealth fund, is setting up a company with US$1 billion in capital to invest in Egypt’s stock market.
The decision was reached during the visit of a Kuwaiti business delgation to the Egyptian capital last week, according to Kuwaiti daily newspaper Al-Rai, citing Ali Al-Ghanim, chairman of Kuwait’s Chamber of Commerce and Industry……………………………………….Full Article: Source


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