NO. 49


Capital Markets

KIA To Sell Part Of Its Stake In Commercial Facilities Company

The state-owned Kuwait Investment Authority (KIA), which holds thegovernment's investment portfolio, is to sell about one third of its stake inthe Commercial Facilities Company (CFC). KIA has 98mn of CFC's 177mn issuedshares, giving it a stake of 55%. It plans to sell 30mn shares, reducing itsholding to 38%. The last price for CFC's shares (before trading was suspendedahead of the...