Financial and Banking News
GIC Issues Consolidated Figures for 1991
Kuwait-based Gulf Investment Corporation (GIC) has issued its accounts for1991, after consolidating Results its purchase last year of Gulf InternationalBank (GIB). The consolidation has dramatically changed GIC's balance sheet,making comparison with previous years difficult. For example, GIC's directinvestments now stand at $504mn, of which $450mn is the equity injection intoGIB. Money...