Thursday, 24 May 2012

Kuwait gives funds until June to cap stock ownership | Reuters

Kuwait's financial watchdog is giving investment funds until the end of June to comply with new rules on the ownership of individual financial securities.

The Gulf state is home to a large number of investment firms which have been hard hit by the global financial crisis, many of them had trading in their shares frozen.

The Capital Markets Authority, the first of its kind in Kuwait, was set up last year to try to address such issues.

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