Kuwait's sovereign wealth fund is delaying the sale of its holding in Kuwait Investment company (KIC) through an initial public offering due to market conditions, it said in a bourse statement on Thursday.
The Kuwait Investmen
Chinese companies are increasingly eyeing attractive investment opportunities in Kuwait, as the country streamlines procedures for licencing and granting incentives to help boost foreign investments, according to experts.
Shares in Kuwait Investment Company surged on Thursday after the Kuwait Investment Authority (KIA) said it would offer its stake in the firm to the public in the first half of 2015, as it resumes a programme of selling off stakes in local listed
Kuwait Projects Co (Kipco), the Gulf state's largest listed investment company, reported a 20 percent rise in first-quarter profit on Wednesday.
Kipco made a profit of 10.3 million dinars ($36.70 million) in the three months t
A rainy day fund managed by Kuwait Investment Authority (KIA) had assets currently worth more than $261 billion at the end of March last year, a local newspaper reported on Sunday citing a government audit.
Oil-producing Kuwait, o
Sovereign wealth fund Kuwait Investment Authority (KIA), money manager BlackRock, and 20 other cornerstone investors will buy around 62 percent of Malaysian firm IHH Healthcare's up-to-$2 billion IPO.
This is the biggest takeup by such
Gulf Finance House (GFH), the Bahrain-based Islamic investment bank, has appointed Kuwait Investment Company (KIC) to assist the bank with its recapitalization programme.
The programme includes raising up to $500 million through a converti
Areva's supervisory board met on Saturday to review the terms of a long-awaited fundraising, a day after France and Kuwait agreed to inject 900 million euros ($1.19 billion) into the French nuclear group.
The meeting started at 0
Kuwait's sovereign wealth fund denied it had signed a memorandum of understanding with Global Investment House to buy 20 percent of the firm's assets, state news agency Kuna reported.
"What has been reported... is incorrect," the Kuwait In
The Kuwait Investment Authority (KIA), which manages the country's assets, has withdrawn about 1 billion dinars ($3.66 billion) from abroad as it invests more at home, a newspaper said.
Daily Al-Qabas said in an unsourced report that KIA w