NO. 24


Financial and Banking News

Investment Activities

Kipco To Sell Shares Of United Realty Company

The Kuwait Investment Projects Company (Kipco) has announcedthat it will proceed with the sale of 120mn shares of the United Realty Company,as agreed when it purchased 220mn shares of the real estate firm from the KuwaitInvestment Authority (KIA) a few weeks ago (MEES, 20 February). Under theconditions of Kipco's purchase, it is obliged to offer 120mn shares in the...