VOL. XXXII

NO. 12/13

26-DEC-1988/2 JAN1989

Financial and Banking News

INVESTMENT ACTIVITIES

Kuwait Satisfied with Extended Deadline for Sale of BP Stake

The Kuwaiti Government last week expressed its satisfaction with the decisionof the UK Trade Secretary, Lord Young, to extend the deadline for the KuwaitInvestment Office (KIO) to reduce its stake in British Petroleum (BP) from oneyear to three years. The Kuwaiti Minister of State for Cabinet Affairs, Mr.Rashid 'Abd al-'Aziz al-Rashid, said after a...