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,...