VOL. XLIV

No 38

17-September-2001

KUWAIT

KIA ToFloat 29.9% Of Kuwait Cement As Part Of Ongoing Privatization

The Kuwait Investment Authority(KIA) announced 29 August that as part of its ongoing privatization program,which began in 1994, it will offer a 29.9% stake in the Kuwait Cement Companyto the public. The Kuwait Stock Exchange (KSE) where the company is listed said that the flotation would take place from 16 September to 16 October andwould be priced at KD0.265 ($0.86) per share....