NO. 24


Financial and Banking News

Investment Activities

Maximum Kuwaiti Exposure to Drexel Put at $10mn

A statement by the four Kuwaiti institutional shareholders of the VirginIslands-based holding company SAIF Ltd, which has an indirect holding in thefailed US investment bank Drexel Burnham Lambert, last week claimed that theiraggregate exposure to Drexel's losses (under the worst possible scenario)would amount to no more than $10mn. The Public Institution for Social...