Kuwait

Kuwait Investment Authority

Kuwait Investment Authority currently has an estimated USD$ 74.20 million invested or available for the nuclear weapons producers identified in this report.

Asset management

Table 1 provides an overview of the nuclear weapon companies in which Kuwait Investment Authority owns or manages 0.50% or more of the outstanding shares at the most recent available filing date.

Table 1         Shareholdings of Kuwait Investment Authority

Company Country % of all outstanding shares Value (US$ mln) Filing date (range)
Babcock International United Kingdom 1.19 74.20 27-Feb-2013 until 01-Jun-2013

Source: Thomson ONE Banker, “Share ownership”, Thomson ONE Banker (www.thomsonone.com), viewed July 2013.

 

National Bank of Kuwait

National Bank of Kuwait currently has an estimated USD$ 75.00 million invested or available for the nuclear weapons producers identified in this report.

Loans

In June 2011, Bechtel signed a five-year revolving credit facility with a value of US$ 2,500 million. The facility is split in two tranches: a US$ 1,550 million letter of credit and a US$ 950 million revolver. The proceeds would be used to refinance debt and for working capital purposes. National Bank of Kuwait was part of the syndicate of 24 banks, and committed an estimated amount of US$ 75 million.1


  1. Bloomberg Database, “Loan finder”, Bloomberg Database, viewed July 2013; Thomson ONE Banker, “Tearsheet 2758129115”, Thomson ONE Banker (www.thomsonone.com), 2 June 2011.. 

This page contains country specific information from the 2013 Don’t Bank on the Bomb report. It identifies which financial institutions have significant financing relationships with one or more of the 27 nuclear weapons producers.

The financial institutions identified include banks, pension funds, sovereign wealth funds, insurance companies and asset managers. They have provided various types of financial services to nuclear weapon companies. The most important are loans, investment banking and asset management.

All sources of financing provided since 1 January 2010 to the companies listed were analysed from annual reports, financial databases and other sources. The financial institutions which are most significantly involved in the financing of one or more nuclear weapon companies are shown here. See the full report for both a summary and full description of all financial institutions which are found to have the most significant financing relationships with one or more of the selected nuclear weapon companies, by means of participating in bank loans, by underwriting share or bond issues and/or by share- or bondholdings (above a threshold of 0.5% of all outstanding shares or bonds).