Wednesday 23 April 2014
 
»
 
»
Story

Kipco eyes health insurance company stake

Kuwait, July 5, 2013

Investment group Kuwait Projects Co (Kipco) said it would bid for a stake in Kuwait Health Assurance Co (KHAC) - the first such announcement since the bidding process opened in April.

KHAC, which wants to sell a 26 percent strategic stake to investors, aims to privatise expatriate health insurance and associated medical care.

Kipco, which made the announcement in a statement to the stock exchange, is a major regional investment house that holds stakes in media, industrial, financial and real estate companies.

Kuwait Investment Authority, the country's sovereign wealth fund, set the conditions for the sale and opened the bidding process in April. – Reuters




Tags: Stake | Kipco | Kuwait projects |

More Finance & Capital Market Stories

calendarCalendar of Events

Ads

Buy high quality China wholesale Health & Beauty , Electronics, Sports & Outdoors , Computers, Video Games, Toys & Hobbies Cell Phones, Automobiles and other wholesale products directly from reliable Chinese wholesalers or Factories on DHgate.com