Middle East Economic Survey

VOL. XLVII

No 43

25-October-2004

CAPITAL MARKETS

Kuwait To Sell Billions In State Shareholdings

Kuwait will begin selling billions of dollars worth of state shareholdings in local companies in December or January in order to take advantage of soaring share prices, Kuwait Investment Agency (KIA) chief Badr al-Sad told a news conference on 12 October. Disposals will start with the sale of a 25% stake worth $1.02bn in Kuwait Finance House, the countrys largest Islamic...