VOL. XXXIX

No. 6

11-November-1995

KUWAIT

Kuwait Government Announces Plans To Privatize More Companies

The Kuwait Investment Authority (KIA) has announced its intention to sell shares worth more than $3bn in 28 companies over the next five years. Mr. 'Ali al-Badr, Managing Director of the KIA, the Kuwait Government's investment arm, said on 28 October that the institution expected to sell its shares in four Kuwaiti firms by the end of 1995, adding that the KIA had so far received...