Middle East Economic Survey
KIAs Morocco Fund Buys 5% Of Afriquia Gaz
The Ajial investment fund, managed by a Moroccan unit of the Kuwait Investment Authority (KIA), acquired 5% of Afriquia Gaz for MD237.2mn ($28.59mn), the Asharq Al-Awsat newspaper reported on 27 March. The fund reportedly bought Afriquia Gaz shares on the Casablanca bourse and plans to acquire additional stakes in this firm. Afriquia Gaz is Moroccos largest LPG bottling and distribution...