NO. 39


Financial and Banking News

Investment Activities

KIO Will Maintain Spanish Investments Despite Current Problems

The Kuwait Investment Office (KIO) has reassured the Spanish Government thatit does not intend to reduce its investments in Spain despite the fact that oneof its major holdings is facing serious economic problems. KIO's investmentportfolio in Spain is believed to amount to some $7bn - 2-3% of KIO's entireworld holdings - making it Spain's largest foreign...