Kuwait's Zumorroda Investment Holding has upped its stake in local mortgage firm the Housing Finance Company to 15% from 14%, according to a statement on the Kuwait Stock Exchange's website and cited by Reuters. It was reported in a number of Arabic newspapers last week that several investors were eyeing possible moves on the firm. [AMEInfo.com]



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Posted: 10|1|07 at 4:10 am. Filed under: News.