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Kuwait Wealth Fund Sells $3.4 Billion AIA Stake in Major Hong Kong Deal

By Faizal

05 Jul 2025

Kuwait Wealth Fund Sells $3.4 Billion AIA Stake in Major Hong Kong Deal

Hong Kong —The Kuwait Investment Authority (KIA) has quietly sold a 3.7% stake in AIA Group Ltd., raising HK$26.8 billion ($3.4 billion) in one of the year’s largest equity deals in Hong Kong.

According to people familiar with the matter, the shares, 394.4 million in total, were sold via block trades at HK$68 per share, representing a 6% discount from Thursday’s closing price. AIA shares slid 4.4% on Friday following the transaction.

Bloomberg earlier reported the trades were conducted by a single, then-unidentified seller. Both KIA and AIA declined to comment.

The sale ranks as Hong Kong’s fourth-largest share deal of 2025, amid a resurgence in capital markets activity. The city was the world’s second-largest equity fundraising hub in the first half of the year.

Morgan Stanley was the sole arranger of the transaction.

Written by

Faizal

Faizal is an experienced content creator and writer with a strong focus on business trends, economic developments, and emerging opportunities across the Gulf region. His work reflects a keen understanding of evolving markets, industry dynamics, and the factors shaping the region’s business landscape. With a research-driven approach, Faizal transforms complex market developments into clear, informative, and actionable insights for professionals, entrepreneurs, and business leaders. His content aims to provide valuable perspectives on key economic trends and developments influencing businesses across the Gulf.