VOL. XXXVIIINO. 928-NOVEMBER-1994

Financial and Banking News

Regional Banking

Kuwait Government To Sell 10% Stake In Al-Ahli Bank

The Kuwait Investment Authority (KIA), which manages the government'sinvestment portfolio, says it will sell 60mn shares in the local Al-Ahli Bank,representing about 10% of the bank's total stock and nearly all of thegovernment's shares in the bank. The shares will be sold through a publicauction on 5 December. The offer is being managed by The Kuwait Investment...