No. 41



GIC Appoints JP Morgan As Strategic Advisor For Review Of Stake In GIB

Gulf Investment Corporation (GIC), which is owned by the six member states of the Gulf Cooperation Council (GCC), announced on 28 September that it had retained the services of JP Morgan and Co to act as its strategic advisor. A statement from the bank said that JP Morgan would assist the bank in reviewing strategic alternatives with respect to GICs shareholding in Gulf International Bank...