Financial And Banking News
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...