VOL. XXX

NOS. 11/12

22/29-DECEMBER-1986

Financial and Banking News

INVESTMENT ACTIVITIES

Kuwait Liberalizes Stock Market Rules

The Kuwaiti Council of Ministers on 14 December approved an amendment to thecountry's Commercial Code which enables share splits for Kuwaiti listed stocks.Until now the minimum face value of Kuwaiti shares has been set at therelatively high level of KD1 ($3.50). This minimum is now being reduced to 100fils ($0.35) in an attempt to encourage small investors to invest in the...