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Kuwait wealth fund had $261bn assets: reportA 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 More… |
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KIA among key $2bn Malaysia IPO buyersSovereign 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 More… |
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GFH appoints KIC for raising capitalGulf 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 More… |
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Areva board meets to review KIA investmentAreva'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 More… |
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Kuwait fund denies deal for Global assetsKuwait'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 More… |
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Kuwait's KIA 'withdraws $3.7bn from abroad'The Kuwait Investment Authority (KIA), which manages the country's assets, has withdrawn about 1 billion dinars ($3.66 billion) from abroad as it invests more at home, a newspaper said.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 More… |
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Kuwait's KIA could inject $15bn in bourseThe Kuwait Investment Authority (KIA), the Gulf state's sovereign wealth fund, is capable of injecting almost $15 billion in the local market and might withdraw money invested abroad, a newspaper said. KIA, which manages the country's oil- More… |
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Kuwait fund invests $1.1bn in local bourseThe Kuwait Investment Authority, the Gulf state's sovereign wealth fund, has invested up to 300 million dinars ($1.12 billion) in local stock market funds after the recent slide, newspapers said. Daily Al-Qabas said in an unsourced report More… |
