Financial and Banking News
KIC Sells Kiawah Island
The Kuwait Investment Company (KIC) has sold one of its principal real estateinvestments in the US, the Kiawah Island Company in South Carolina, for$105mn, according to KIC's General Manager, Mr. Hilal Mishari al-Mutairi. Thesale excluded a number of housing units on the island, which was bought by KICin 1974. Mr. Mutairi said that KIC had realized a "good" return oncapital from the project without...