VOL. XL
No. 34
25-August-1997
KUWAIT
New $132Mn Investment Firm In Kuwait
Twenty-nine shareholders including banks, insurance companies and individuals have setup a new investment company in Kuwait - the al-Bayan Investment Company - with a capitalof KD40mn ($132mn). The shareholders include Gulf Bank, al-Ahli Bank of Kuwait, KuwaitInsurance Company, al-Ahlia Investment company and 12 individual investors. The companywill invest in local and international bonds and equities and will also act...
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