VOL. XXXVI

NO. 27

5-APRIL-1993

Financial and Banking News

REGIONAL BANKING

Gabandi's Departure From KIA Confirmed, Al-Badr Proposed As New Chairman

Mr. 'Abd Allah al-Gabandi, the current Chairman of the Kuwait InvestmentAuthority (KIA), has confirmed that a decision has been taken to replace him aspart of the reorganization of Kuwait's investment institutions. Separately, theFinance Minister, Mr. Nasir 'Abd Allah al-Rudhan, said on 30 March that he hadproposed Mr. 'Ali Rashid al-Badr, the present...