NO. 34


Financial and Banking News

Public Finance

KIA Chief Gives Positive Report Of Privatization Scheme

The Managing Director of the Kuwait Investment Authority (KIA), Mr. 'Ali al-Badr,said on 15 May that the KIA has sold shares worth more than KD120mn ($404mn)during the first eight months of a privatization scheme that aims to transfer$2.7bn worth of government-held shares in some 60 Kuwaiti companies to theprivate sector during the next five years. The shares are...