Middle East Economic Survey

VOL. XLVIII

No 52

26-December-2005

KUWAIT

Kuwaiti-Iranian Company Raises Capital To $103Mn

The Kuwaiti-Iranian Holding Company, which has just raised its capital from KD1mn ($3.4mn) to KD30mn ($102.7mn), will float its newly-issued 290mn shares priced at KD0.105 ($0.34) during the month of January. The joint company was set up in May 2005 to make acquisitions in Kuwaiti and foreign companies and is 90% owned by the Kuwait Investment Company (KIC), which will be in charge...