Kuwait Government Transfers Some Company Stakes to Future Generations Fund

Posted on 02/03/2021


In a decisive move, the Kuwaiti government transferred the last group of assets to the Kuwait Investment Authority (KIA) in exchange for cash. The cash will be used to help plug a monthly deficit of US$ 3 billion. The transferred assets include ownership positions in Kuwait Finance House and telecoms company Zain (Mobile Telecommunications Company […]

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