03/11/2010 00:00 AST

Al-Mal Investment Co. surged to the highest level in more than a year after the Kuwaiti firm said it received an offer to sell a 31.3 million-dinar ($112 million) stake in an energy company.

The shares increased 4.4 percent to 144 fils, the highest intraday level since September 2009, as of 10:37 a.m. in Kuwait. The shares have gained 73.5 percent this year.

Al-Mal said it will decide on a possible sale this month and it may make a 20.5 million-dinar gain from the sale.


Bloomberg

Kuwait's Al-Mal Investment gets bond extension

31/03/2010

Debtors of Kuwait's Al-Mal Investment Co. have agreed to defer repayment of 20 million dinars ($69.35 million) in bonds for a year, the company said on Tuesday.

The investment management f

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Accord signed for new Saudi airport

18/02/2010

Saudi Arabia's General Authority of Civil Aviation (Gaca) and Al Mal Investment Company (Al Mal) recently signed a Memorandum of Understanding (MoU) to build the Hail International Airport in the Pri

Gulfnews

Al-Mal bids for $1.2bn Philippines project

17/01/2010

Kuwait's Al-Mal Investment Co, said it has bid for a tender to develop an airport in the Philippines, valued at about $1.2 billion. The firm is controlled by the family-owned conglomerate Kharafi Gro

Reuters

Ticker Price Volume
Ticker Price Change
ALMUTAHED 0.00 0.00 (0.00%)
MASSALEH 0.00 0.00 (0.00%)
ALAMAN 0.00 0.00 (0.00%)
INVESTORS 0.00 0.00 (0.00%)
EDU 0.00 0.00 (0.00%)
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