NO. 26


Financial and Banking News

Financial Issues

Chairman of BKME Expected to Become Chairman of KIO...

Mr. 'Ali Rashid al-Badr, the Chairman of Bank of Kuwait and the Middle East (BKME),is expected to accept the position of Chairman of the London-based KuwaitInvestment Office (KIO) by the end of March. He will replace Mr. Fahd Muhammadal-Sabah, who is said to want to retire due to health reasons. Mr. Badr isunderstood to be under considerable pressure to take the KIO job,...