NO. 6


Financial and Banking News

Investment Activities

KIO Spanish Subsidiaries Report Huge Profit Growth

Spanish subsidiaries of the Kuwait Investment Office (KIO) have reporteddramatic increases in pre-tax profits during the first nine months of 1989.Grupo Torras, in which the KIO holds 40% and which has been the principalchannel for its industrial holdings in the paper, food processing and chemicalsectors, has reported nine-month pre-tax profits of Pta 11.1bn ($91mn)...