Latest news with #KuwaitInvestmentAuthority
Bloomberg
09-07-2025
- Business
- Bloomberg
Deal Roundup: AES, Starbucks China and Kuwait BofA Stake
Isabelle Lee reports on AES Corp. exploring options including a potential sale, Starbucks receiving proposals from prospective investors in its China business and Kuwait Investment Authority selling a $3.1 billion stake in Bank of America. (Source: Bloomberg)
Yahoo
09-07-2025
- Business
- Yahoo
Deal Roundup: AES, Starbucks China and Kuwait BofA Stake
Isabelle Lee reports on AES Corp. exploring options including a potential sale, Starbucks receiving proposals from prospective investors in its China business and Kuwait Investment Authority selling a $3.1 billion stake in Bank of America.
Bloomberg
08-07-2025
- Business
- Bloomberg
BofA Loses Crisis-Era Backer After Kuwait Sells $3 Billion Stake
Updated on Save First it was Warren Buffett. Now, another key Bank of America Corp. investor that stood by it since the worst days of the 2008 financial crisis is chopping down its stake. Kuwait Investment Authority, the trillion-dollar sovereign fund of the oil-rich Gulf state, sold a $3.1 billion stake in the second-largest US bank, according to people with knowledge of the matter. Shares in the unregistered block trade were priced at $47.95 apiece, the bottom of a range marketed by Goldman Sachs Group Inc., the people said asking not to be identified discussing the private deal.
Zawya
08-07-2025
- Business
- Zawya
Kuwait, UK seek to deepen trade and investment relations
KUWAIT CITY - Kuwait's Minister of Finance and Minister of State for Economic and Investment Affairs, Noura Al-Fassam, met on Sunday with the UK Secretary of State for Foreign, Commonwealth, and Development Affairs, David Lammy, to discuss ways of increasing bilateral trade and advancing investment cooperation between the two nations. According to a statement issued by the Ministry of Finance, the meeting reviewed the outcomes of the recent historic visits of His Highness the Amir of Kuwait, Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, to the United Kingdom. Both sides affirmed their commitment to further developing the strategic investment partnership between Kuwait and the UK. As the current president of the Gulf Cooperation Council (GCC), Kuwait emphasized its intention to accelerate negotiations on a free trade agreement between the GCC and the UK. Minister Al-Fassam conveyed this position during her discussions with the British official. Also present at the meeting was Sheikh Saud Salem Abdulaziz Al-Sabah, Managing Director of the Kuwait Investment Authority (KIA), who reiterated the Authority's interest in reinforcing investment relations with the UK. He highlighted the Kuwait Investment Office (KIO) in London, established over 70 years ago, as a key player in managing Kuwaiti assets across various sectors, laying a solid foundation for further expansion. Minister Lammy expressed the UK's readiness to support Kuwait's development goals and contribute to major infrastructure and economic projects through British investment. The talks were also attended by Undersecretary of the Ministry of Finance Aseel Al-Mneify, Kuwait's Ambassador to the UK Bader Al-Munayekh, and the UK's Ambassador to Kuwait Belinda Lewis. Arab Times | © Copyright 2024, All Rights Reserved Provided by SyndiGate Media Inc. (
Bloomberg
04-07-2025
- Business
- Bloomberg
Wealth Fund KIA Said to Be Seller of $3.4 Billion AIA Stake
By and Manuel Baigorri Updated on Save The Kuwait Investment Authority was the undisclosed shareholder behind the HK$26.8 billion ($3.4 billion) sale of a stake in insurer AIA Group Ltd., people with knowledge of the matter said. The sovereign wealth fund offloaded a 3.7% stake in Hong Kong-based AIA through a series of block trades, the people said, asking not to be identified because the information is private.
