VOL. XXXI
NO. 32
16-MAY-1988
Financial and Banking News
INVESTMENT ACTIVITIES
KIO's Ja'far Defends Role in Spain
The General Manager of the Kuwait Investment Office (KIO) has stronglydefended the office's investment activities in Spain and challenged pressreports which describe the KIO's role as speculative and predatory. Speaking ata conference in Madrid on 9 May, Mr. Ja'far said that the KIO has invested atotal of around $1bn in Spain over the past four years during which time onlytwo investments...
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