VOL. XLII
No. 02
11-January-1999
KUWAIT
KIAs Badr Steps Down
The Kuwaiti Finance Minister, Shaikh 'Ali Salim al-Sabah, announced on24 December 1998 that Mr. 'Ali al-Badr, the Managing Director of the Kuwait InvestmentAuthority (KIA), would step down with effect from 1 January 1999 and would be succeeded byKIA board member 'Abd al-Muhsin al-Hunaif as Acting Managing Director. Mr. Badr, who hasbeen running KIA for the past five years, was reappointed to a second five-year term in1997. KIA is the...
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