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Showing posts with label Kuwait Finance House. Show all posts
Showing posts with label Kuwait Finance House. Show all posts
Friday, 22 October 2010

More on Awal Bank Chapter 11 Filing

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Updated for comments on Chapter 11. Here are some additional details on Awal's filing. The case number assigned by the Bankruptcy Cour...
3 comments:
Sunday, 26 September 2010

HSBC: “No Provision Relief for Kuwaiti Banks Until 2012”

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AlQabas published a summary of a recent HSBC research report in its Sunday issue. Here's a quick summary of the main points: HSB...
1 comment:
Wednesday, 1 September 2010

Gulf Investment House - Debt Problems Largely Solved: Only US$7 Million of Foreign Debt Left KD45 Million Rescheduled by KFH

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In an exclusive interview, AlWatan quotes GIH's CEO, Badr Abdullah Al-Ali, saying that:  GIH has repaid all by US$7 million of its for...
9 comments:

Aref Investment Company - 1H10 Losses of KD21.4 Million

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Aref Investment Group reported its 1H10 financial results on the KSE this morning.  As usual, the announcement is in Arabic only (text belo...
2 comments:
Wednesday, 18 August 2010

AlFarabi Investment Company Planning to Enter Under Financial Stability Law

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Yesterday Al Watan published an article stating that Al Farabi had received agreement in principle from the Central Bank of Kuwait to ente...
Monday, 12 July 2010

Aayan Leasing and Investment - Financial Stability Law is the Last Refuge

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Muhammad Shabaan at AlQabas has an article in the 12 July issue with the headline:  "Aayan:  FSL the Last Refuge."  Which I supp...
Tuesday, 6 July 2010

Gulf Investment House - KFH Finalizing Restructuring

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Quoting informed sources at KFH (a 30.72% shareholder), Issa Abdul Salaam at AlQabas reports that KFH is on the verge of concluding the res...
Sunday, 23 May 2010

Aayan Leasing and Investment - Restructuring Update

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AlWatan reports that despite marathon meetings with local creditors last week in which Aayan reportedly agreed to all the demands by its lo...
Tuesday, 4 May 2010

KFH's CEO Vows Support For Aref Investment

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Both AlWatan and AlQabas carried identical articles today relaying a CNBC-Arabiyya interview with Muhammad Sulayman Al-Omar, CEO of KFH. ...
2 comments:
Sunday, 25 April 2010

Aref Investment Company Putting Final Touches on Restructuring Plan Lauds KFH's Help

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AlWatan quotes Ibrahim AlKhazzam, Managing Director, of AIG that they are putting the final touches on their restructuring plan.  As envis...
Friday, 23 April 2010

Aref Investment Company KD127 Million in 2009 Losses Restructuring Ahead

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AlQabas reports that reported Fiscal Year 2009 losses of some KD127 million (which is roughly KD20 million more than Aref's paid in cap...
Wednesday, 21 April 2010

Kuwaiti Banks to Sue Saad and AlGosaibi This May

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Following up on an earlier story , AlQabas reports that the lawyers for four local banks (named earlier as Kuwait Finance House. Commercial...
Sunday, 31 January 2010

Saudi Zain Foreign US$500 Million to US$600 Million Loan - What's Behind the News Item?

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  Kuwait's Al Anba'a newspaper reports that Zain is in discussions with non regional banks for a loan of between US$500 to US$600 ...
Friday, 18 December 2009

KFH Lawsuit Against Commercial Bank of Kuwait - Re Bank Boubyan Shares

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AlQabas has an article on the above topic today. Kuwait Finance House ("KFH") has filed suit to keep Commercial Bank of Kuwait ...
Tuesday, 1 December 2009

Kuwait Banks Disclose Exposure to Dubai

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This won't be a big surprise to anyone out there familiar with GCC banking, but the Kuwaiti banking sector has little to no exposure to ...
Friday, 13 November 2009

Kuwait Stock Exchange Warns 25 Companies of Potential De-Listing - Sign of Continued Financial Stress in Kuwait

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The press reports that 12 November the KSE warned 25 companies that unless they provided  their 3Q09 financial statements by this coming Mo...