Financial and Banking News


Three K's Take Heavy 1984 Losses

Kuwait's 'three K's' have recently announced losses totalling KD69.4mn ($236mn) for 1984, with Kuwait Foreign Trading, Contracting and Investment Company (KFTCIC) reporting a KD26.4mn ($90mn) loss, Kuwait International Investment Company (KIIC) a KD10.7mn ($35mn) loss, and Kuwait Investment Company (KIC) a RD32.3mn ($110mn) loss. The losses reflect provisioning required by the companies to...