VOL. XLII

No. 35

30-August-1999

KUWAIT

Securities House Of Kuwait And US Firm Set Up IslamicInvestment Company

Securities House of Kuwait and the California-based GlobalAlliance Value Investors (GAVI) have formed an Islamic equities investmentcompany. The establishment of the company, called Global Securities House andincorporated in Delaware, reflects a novel way for Kuwaiti financialinstitutions, currently not being given licenses to operate Islamic bankingfacilities in Kuwait, to market...