Financial And Banking News
INVESTMENT ACTIVITIES
MoF Shareholding in KREIC Rises to 78%
MEES understands that the shareholding of Kuwait's Ministry of Finance (MoF) in the troubled Kuwait Real Estate Investment Consortium (KREIC) now stands at 78D, compared with 34% at the end of March. This is the result of the decision by the Kuwait Investment Authority (KIA) to provide KD12mn in June during KREIC's recapitalization exercise (MEES 1 July). In addition to the fresh capital,...
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