VOL. XXXVI
NO. 30
26-APRIL-1993
Financial and Banking News
KUWAITI FINANCE
KIIC Will Stay Out Of Kuwait Investment House Merger
Kuwait International Investment Company (KIIC) will not join the country'stwo other main investment houses to form a single merged company. Instead,KIIC's equity will be written down to zero, some existing loans from thegovernment will be capitalized, and the company will be refloated through anissue of new shares. It is hoped that private sector interests will take a...
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