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- Saudi exchange leads GCC in foreign net buying in 2025, hits $5.5bn: Kamco Invest
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- Kuwait Airways adds 11 new destinations for summer 2026, rolls out 15% fare discount
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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23/01/2026
As part of its commitment to actively taking part in raising awareness and promoting financial inclusion and culture among all society segments, National Bank of Kuwait continues to support the banki
Kuwait Times
23/01/2026
AlRayan Bank released yesterday its consolidated financial statements for the year ended December 31, 2025 with net profit attributable to the equity holders of the bank of QR1,530m.
The res
The Peninsula
23/01/2026
Oman Agriculture Development Company today opened Nizwa Dates Industrial Complex. This strategic project serves as an example of investments that generate direct economic value and social impact and
Times of Oman
23/01/2026
Global oil ?glut predictions are seriously exaggerated ?as demand growth ?remains strong and global oil stocks are ?depleted, Amin Nasser, chief executive ?of Aramco, the world's biggest ?oil produce
Reuters
23/01/2026
Kuwait Airways said on Thursday it will launch 11 new destinations for its summer 2026 season, including Alexandria, Zurich, Mykonos, Malaga, Sharm El Sheikh, Salalah, Antalya, Trabzon, Sarajevo, Vie
Gulfnews
Financial Information Co.
Saudi Arabia