FinMin: Kuwait Government Sees Profit from Citigroup Stake
Posted on 04/28/2009
The Kuwait Investment Authority (KIA) had invested a large stake in struggling financial giant Citigroup. Kuwait’s finance minister expressed a level of confidence in the state’s sovereign wealth fund investment in U.S. bank Citigroup. The finance minister made remarks saying the stake could turn profitable. “Our investment in Citi….. is beneficial….. and God willing we […]
