Stock Market Is The Prime Beneficiary Of Kuwaiti Privatization
As with previous sales, the forthcoming disposal of the Kuwait Investment Authority's (KIA's) residual stake in the Gulf Insurance Company will add further liquidity and depth to the Kuwait Stock Exchange but do little to rationalize the Kuwaiti public sector. Bankers in Kuwait say that it is likely that the KIA has been selling the most profitable companies in its portfolio first - 14...
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