Financial and Banking News
INVESTMENT ACTIVITIES
KIA Buys Up $729mn Worth of Largely Defunct Local Stocks
Another Manakh chicken has come home to roost with the 'investment' of KD215mn ($729mn) worth of Kuwait's State General Reserve (SGR) to purchase an 83% stake in 32 'closed' Kuwaiti companies and 24 'Gulf' companies. The majority of these companies - 23 of the 'closed' and eight of the 'Gulf' - are being liquidated, while five...
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