VOL. XLVI

No 41

13-October-2003

KUWAIT

CAPITAL MARKETS

Prince Walid bin Talal Take 5% Stake In Kuwaits IFA

Prince Walid bin Talal, chairman of Kingdom Holding Company (KHC), has become the first Saudi businessman to invest directly in the Kuwaiti stock market through the acquisition of a 5% stake in investment company International Financial Advisors (IFA). The company, which was set up in 1974 and is supervised by the Central Bank of Kuwait (CBK), has a market value of some KD116mn ($380mn). IFAs...