26 FEBRUARY 1990
Financial and Banking News
Kuwaiti Investors May Lose Out in Drexel Bankruptcy
A number of Kuwaiti financial institutions are likely to lose substantialsums as a result of the declared bankruptcy of the US investment bank, DrexelBurnham Lambert. The British Virgin Islands-registered Societe Arabed'Investissement et de Financement (SAIF), which had end- 1988 equity totalling$127mn, is reported to own about 17% of Drexel, which has debts of...