No. 40



KIA To Dispose Of Stake In Commercial Bank

The Kuwait Investment Authority (KIA) intends to sell 30mn shares representing 3% ofthe common stock of Commercial Bank of Kuwait at an initial price of KD0.295 per share inthe course of October. According to the local daily al-Watan, an assistant generalmanager of the KIA, Mr. Mishal al-Hamad, told the official Kuwaiti news agency on 1October that the Authority had agreed with National Bank of Kuwait, which is...