Kuwait – Mubasher: Kuwait Investment Authority (KIA) raised its shareholding in Dubai Parks to 5.1%, showed the ownership structure of the Dubai-listed company.
KIA is Kuwait’s investment arm, with managed assets of around $550 billion, according to Fitch Ratings.
KIA raised its ownership in the UAE company from 4.31% to 5.1% by the end of February to record its first increase since last September. The sovereign fund owns 322.4 million shares worth AED 390 million (KWD 32.5 million) in the company.
