NO. 47


Financial and Banking News

Regional Banking

Kuwait Fund Gives Details Of Outside Fund Managers And Their Fees

The Kuwait Fund for Arab Economic Development (KFAED) has disclosed the namesof the six outside fund managers which it is currently using, and the fees whichthey were paid in the 1993/94 financial year. (Kuwaiti financial years run to 30June.) The details were given by the Fund to the Finance Minister, Mr. Nasir al-Rudhan,so that Mr. Rudhan could reply to...