VOL. XXXII
NO. 37
19-JUNE-1989
Financial and Banking News
REGIONAL BANKING
KIA Nominees Take Over Albaab
Two Kuwaiti investment companies - the Kuwait Foreign Trading, Contractingand Investment Company (KFTCIC) and Kuwait and Middle East Financial InvestmentCompany (KMEFIC) - acting as nominees for the Kuwait Investment Authority (KIA)have each bought a 47.9% stake in the troubled Al Bahrain Arab African Bank (Albaab),after a rescue program partly financed by KIA funds cleared up Albaab's badly...
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