VOL. XL

No. 7

17-February-1997

KUWAIT

Kuwait Plans To Sell Stake In Local Shipbuilding And Repairyard Firm

Kuwait is planning to sell 105mn of its 108mn shares in the local firm the Kuwait Shipbuilding and Repairyard Company (KSRC) as part of the government's wide-ranging 1994 privatization plan. According to an announcement by the Kuwait Investment Authority (KIA) the sale of the 105mn shares - owned by KIA and the KPC subsidiary, the Kuwait Oil Tanker Company (KOTC) - will be carried out in...