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Kuwait fund: No plans to sell Citi, Merrill stakes

Source: GMA News

Dubai : United Arab Emirates | 3 months ago

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United Arab Emirates (AP) — Kuwait's sovereign wealth fund said Sunday that it has no plans to sell stakes in Citigroup Inc. and Merrill Lynch & Co. because it has faith in the potential of the U.S. banks. "The authority has no intention of selling its holdings in Merrill Lynch or Citigroup in the near...

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Zain to sell shares to Abu Dhabi

News Source: Gulfnews.com | 3 months ago

Al Qabas reported that a total of 46 per cent of the shares will be sold off at the price of about 2 Kuwaiti Dinars for each share. The deal is estimated to be worth $16 billion, the biggest in the Kuwaiti stock market's history. Al Qabas reported...
Kuwait fund: No plans to sell Citi, Merrill stakes

News Source: Chicago Tribune | 3 months ago

United Arab Emirates (AP) — Kuwait's sovereign wealth fund said Sunday that it has no plans to sell stakes in Citigroup Inc. and Merrill Lynch & Co. because it has faith in the potential of the U.S. banks. "The authority has no intention of selling...
Kuwait to keep Citigroup, Merrill Lynch stakes

News Source: Channel NewsAsia | 3 months ago

Kuwait Investment Authority (KIA), the emirate's sovereign wealth fund, has no plans to sell its stakes in US banking giants Citigroup and Merrill Lynch, the finance minister said in comments published on Sunday. "The KIA has no intention of exiting...
Kuwait fund: No plans to sell Citi, Merrill stakes

News Source: GMA News | 3 months ago

Kuwait's sovereign wealth fund says it has no plans to sell off the stakes it took in Citigroup and Merrill Lynch because it has faith in the US banks' long-term potential. In a statement printed in Kuwaiti newspapers Sunday, the Kuwait Investment...