VOL.XXXVI

NO.44

2-AUGUST-1993

Financial And Banking News

REGIONAL BANKING

lKIIC Draws Fire For Portuguese Investments

The recent series of press attacks on KuwaitInternational

InvestmentCompany (KIIC) has little to do with investment decisions made by the company inPortugal and everything to

do with a takeover battle forCommercialBankofKuwait (CBK),where the Deputy Chairman,Mr.Faisal Marzuq,is

trying to take control. KIIC'sChairman, Mr. Jasim al-Bahr, is a vocal supporter of Mr. Marzuq.He angered...