Financial and Banking News


Kuwaiti Management Takes Control of Spanish Company

Following substantial investment by the Kuwait Investment Office (KIO) last year, there have been board level changes at Torras Hostench, the second-largest paper manufacturer in Spain. The KIO's Executive Director, Shaikh Fahd Muhammad al-Sabah, has become chairman of the Torras board, and its Deputy Managing Director, Mr. Fuad Khalid Ja'afar, has become one of three deputy...