Financial and Banking News


KFTCIC Tightens Control over Swiss Subsidiary

The Kuwait Foreign Trading Contracting and Investment Company (KFTCIC) which is 97% owned by the Kuwaiti Government, has announced that its control over its Geneva-based subsidiary, Credit des Bergues, is being tightened with the appointment of the KFTCIC chairman and managing director, Mr. 'Abdallah al-Gabandi, as Chairman of Credit de Bergues. The previous chairman of Credit des Bergues, Mr....