NO. 35


Financial and Banking News

Regional Banking

KFTCIC Takes Full Control of Credit des Bergues

Kuwait Foreign Trading, Contracting and Investment Company (KFTCIC), which is99.2% owned by the Kuwait Investment Authority, has taken full control of theGeneva-based finance company Credit des Bergues after buying the 35% stake inthe company previously owned by the Saudi Arabian Rolaco

Group. The sale, which was entirely amicable, was agreed at the beginning ofMay and the money...