Kuwait Investment Authority (KIA), the Gulf Arab state's sovereign wealth fund, has injected about KD400m ($1.37bn) so far into a fund to support the bourse, an official said in published remarks on Monday.
Kuwait Investment Co (KIC), a unit of KIA, has managed the fund since Dec 24, the firm's Chairman Bader Al Subaie was cited as saying by local newspapers Al Qabas and Al Watan. KIC has managed to bring back gradual stability to the stock market through the fund, the papers added.
KIC could not immediately be reached for comment.
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