Bader Al Sa'ad
From Taighde
Bader M. Al Sa'ad is Managing Director of Kuwait Investment Authority. He took over the KIA in 2005.
He spoke to the Financial Times and said the following: "Perhaps we are at the eye of the storm now and are close to the peak of the problem," Bader Al-Sa'ad, head of the KIA, told the Financial Times . "We don't see prices dropping much more. We are screening the market. There are some financial companies which are cheap." He added that his challenge now is to speed up decision-making at the KIA to take advantage of the opportunities thrown up by the crisis. "With Citi, the Abu Dhabi Investment Authority had good timing," he said, noting that it took ADIA less than three weeks to seal its late November deal to invest $7.5bn in convertible securities in Citigroup. "I believe we need to move faster in some of our response time." Financial Times 1/2/08
Background
- former basketball player
- Chase Manhattan and First National Bank of Chicago
