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FINANCIAL NEWS
Kuwait invests $1b in AIA Asian unit IPO
04 Oct 2010
(MENAFN) A statement issued by the American International Group Inc American International Group Inc. (AIG), said that it received a $1 billion obligation from Kuwait Investment Authority for the IPO and the major investment is worth $15 billion, Reuters reported.
KIA, the country’s sovereign wealth fund, is amid the main global institutions that have signed up as keystone investors ahead of AIA’s IPO.
Cornerstone investors, including Middle East wealth funds KIA and Qatar Investment Authority, played a major role in the victory of AgBank’s IPO.
It is said that investors are expected to purchase about 15-20 percent share in the AIA offer although the AIA has not announced yet the share amount it is planning to sell.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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