VOL. XXXVIII
NO. 34
22-MAY-1995
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...
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