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Kuwait Airways to sell 35% of stock

05 August 2011

The national airline is preparing to privatize by selling stock, which will raise about $281 million.

Read more: Kuwait Airways Citigroup Seabury and Ernst & Young Kuwait Airways Company (KAC) KuwaitNew Kuwait Investment Authority (KIA)

Kuwait Airways, the national flag carrier, will privatize by offering 35% stake in the company to international investors. The company will offer a KD220 million ($804 million) stake to investors and hopes to raise about $281 million from the sale.

Other Kuwaiti airline are excluded from investing.

Citigroup, Seabury...


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