VOL. XXXVII
NO. 42
18-JULY-1994
Financial and Banking News
Capital Markets
Mixed Response To New Kuwaiti Funds
Investors have responded hesitantly to two mutual funds launched in Kuwaitduring the last two months. The KD25mn equity fund, launched by the KuwaitInvestment Company (KIC), was only 14% covered when it closed last month. Thegovernment has stepped in to buy the remainder of the units. The fund, which wasthe first public offering in Kuwait since 1983, will buy local shares which arecur-...
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