Taighde

SWF/SOE Research Wiki

From Taighde

Gulf Bank is the fourth-largest lender in Kuwait. Gulf Bank suffered serious losses in the range of KD 375 million in 2008, and on November 17, 2008, announced that it would issue a new $1.4 billion rights issue. The Kuwait Investment Authority will buy any shares that was not sold during the sale. The sale was completed on January 26, 2009 and the KIA picked up a 18% stake for $420 million.

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