Kuwait-Mubasher: Kuwait Investment Authority (KIA) has postponed selling its entire share in Kuwait Investment Company (KIC) to the first half of 2016 due to “the current conditions of the market,” it said.
The authority has informed Kuwait’s Capital Markets Authority (CMA) and KIC about the postponement decision, according to a statement.
The authority owns 76.19% stake in KIC, with a market value of KWD 42 million by the end of 2015.
Kuwait's sovereign wealth fund had also decided to postpone selling its stake in KFH and Zain, according to earlier announcements.
