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- Zain Kuwait, one of the first mobile operators in region to achieve ISO 37301
- CBO launches 74th issue of Government Development Bonds via auction
- QNB Group broadens funding sources, open to future opportunities
- Bank Muscat advances digital transformation
- Profits of Oman's listed companies decline 13.7% to $3.4bn in 2024
- Dukhan Bank reports net profit of QR437m for Q1 2025
- Doha Bank posts QR252m net profit for Q1
- Gold hits record high on weak dollar
- Estithmar Holding reports exceptional 50% surge in net profit to QR170 million
- Vodafone Qatar's Profits Rise by 8.1 Percent
21/01/2012 16:06 AST
Capital Intelligence (CI), the international credit rating agency, announced that it has assigned an initial BBB- rating to the forthcoming KD26.5m unsecured bond issue by Alargan International Real Estate K.S.C.C. (Alargan). The Outlook on the rating is 'Stable'.
The rating is supported by Alargan's track record as a successful real estate developer even in difficult market environments, by the geographical diversification of its development portfolio and by its growing presence in the attractive KSA residential housing market.
Also supporting the rating are the Company's conservative financial ratios. Constraining the rating are the relatively small size of the company and the secured basis of much of its current base of borrowings.
Despite the secured debt-related constraint mentioned above (and the strong possibility of additional secured borrowings being taken in the future), the protections provided by the bond covenants and negative pledges are considered strong enough by CI that downward notching of the rating is not appropriate.
AME Info
16/03/2014
The Head Quarters of ALARGAN International Real Estate Company in the waterfront Argan Business Park in Shuwaikh Free Trade Zone, has been awarded LEED(r) Platinum certification for Commercial Interi
Arab Times
21/05/2011
Alargan Towell Investment Company announced its latest financing scheme for buyers who wish to own a house in its mixed-use development, Beyout AlFaye, located in Al Khoudh. The Company offers flexib
AME Info
15/12/2009
announced, in a press release this week, the capital increase of ALARGAN Projects (formerly known as ALARGAN Homes), in which ALARGAN International owns 48.34 percent. ALARGAN Projects recently incre
Al Watan
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22/04/2025
Zain, Kuwait's leading digital services provider, has been awarded the ISO 37301:2021 certification an internationally recognized standard for Compliance Management Systems (CMS).
As one of
Kuwait Times
22/04/2025
QNB Group, the largest financial institution in the Middle East and Africa, stated that the recently announced $2bn unsecured syndicated term loan facility aims at extending the bank's financing matu
QNA
22/04/2025
Bank Muscat places significant emphasis on digital transformation to achieve excellence in the banking sector and offer innovative services that meet the needs of individual and corporate customers.
Muscat Daily
22/04/2025
Dukhan Bank announced its financial results for the three-month period ended 31 March 2025,and reported a net profit of QR437m, representing a 3% growth compared to the same period of last year.
The Peninsula
22/04/2025
Chairman of the Board of Directors of Doha Bank, Sheikh Fahad bin Mohammad bin Jabor Al Thani, announced that the board of directors in its meeting held yesterday, has approved the Bank's Interim Con
The Peninsula
Financial Information Co.
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