KUWAIT: Investment banks exposed to US debt

Issue 839 - 25 Oct 2008 | 2 minute read

Finance Minister Mustapha Al-Shamali and Kuwait Investment Authority (KIA) managing director Bader Al-Saad have reportedly been asked by Kuwaiti investment companies to set up a fund worth KD300m ($1.1bn) to help settle their debt in the wake of the global financial crisis.

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