Financial and Banking News
Kuwait's Warba Investment Company Recapitalized By New Owners
Kuwait-based Warba Investment Company has been recapitalized by newshareholders and will now be known as the International Investment Group. Thenew shareholders are Kuwait's Ministry of Awqaf (religious endowments) and Islamic Affairs (48%), Al-Baraka Investment and Development Company (49%) andprivate individuals (3%). The company's new shareholders will double...