VOL.XL No. 185-May-1997


KICAnd KFTCIC Merger Imminent

The merger between the Kuwait Investment Company (KIC) and Kuwait ForeignTrading Contracting and Investment Company (KFTCIC), two of the dominant investment houses in Kuwait, the so-called Three 'K's, was formally announced atthe annual general meetings of the two companies held on 30 April. The chairmanof KIC, Mr. Badr 'Abd Allah al-Rashid, said that all the legal requirements ofthe merger had now been met and that the new company...