Govt intervention needed to support Kuwaiti investment companies

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These firms should be broken into three categories; those which do not need support, those who would not benefit from it and the ones in dire need for a bailout, the Kuwait-based Al-Shall Consultancy Group suggested in its weekly report.

The proposal to backup liquidity of some investment firms was an "unbiased" one, the report noted, hoping for a behind-closed-door meeting to be held, and group all parties concerned, to view liquidation problems facing these firms on the short term.

A "sacrifice" must take place, even a temporary one, the report stressed, saying that such sacrifice, should it happen, was "logical", in light of current financial situation.

 

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