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|17 January, 2019

Kuwait Investment Authority may increase its investment in Britain - Al Rai

The sources added that the authority contacted its portfolios' managers in the recent period to weigh the situation

Main Entrance of Kuwait Stocks Exchange

Main Entrance of Kuwait Stocks Exchange

Getty Images/Pankaj & Insy Shah

CAIRO - Kuwait Investment Authority (KIA) may increase its investment in Britain during the coming period if it finds suitable investment opportunities, Kuwaiti newspaper Al-Rai reported on Thursday citing official sources.

The sources added that the authority contacted its portfolios' managers in the recent period to weigh the situation, adding that there is a consensus that the crisis of a 'no-deal' Brexit would offer "attractive opportunities" that should be seized.

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(Reporting by Ahmad Hagagy, Writing by Nayera Abdallah; Editing by Toby Chopra)

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