VOL. XXXV
NO. 10
9-DECEMBER-1991
Financial and Banking News
Regional Banking
KIA Expected to Ratify Investment in BAII by Year-End
The Kuwait Investment Authority (KIA) is expected to confirm by the end ofthe year that it will take a 26% stake in Paris-based Banque Arabe etInternationale d'Investissement (BAII). Four other Arab financial institutionswill take smaller stakes to bring the total Arab shareholding in the bank to49%. Banque National de Paris (BNP), which currently holds nearly 100% of...
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