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Matthew Martin

Matthew Martin

Saudi Arabia Bureau Chief

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Kuwait pares financial stock holdings, selling $6.5B

The world’s oldest sovereign wealth fund sold $3.1 billion in Bank of America stock and $3.4 billion of its stake in Hong Kong-based insurer AIA Group.
A fishing boat passes in front of the Kuwait City skyline.Stephanie McGehee/Reuters

Future Investment Initiative architect plans share sale

Attias’ firm has helped put Saudi Arabia on the map in a way few could have imagined in 2017, when it organized the first FII.
President Trump and Richard Attias at FII in Miami in February 2025. @FIIKSA/X.