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- Adnoc targets record Dh158b in dividends across its 6 listed firms
- High stock valuations sparking investor worries about market bubble
- Saudi industrial output rises 7.1% in August on manufacturing, mining boost
- Closing Bell: Saudi stock market ends week in green with 11,583 points
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- Aramco raises Petro Rabigh stake to 60% in $702m deal with Sumitomo
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- Design, masterplan for new 24,000-seat Zayed City stadium unveiled
- Boubyan maintains its Islamic digital banking leadership, globally, regionally and domestically
- 2025: A record-breaking year for NBK in training national talents
03/05/2009 00:00 AST
Kuwaiti Islamic asset manager Aayan Capital said it would be shut down as part of plans by its parent firm Aayan Leasing and Investment Co to cut costs by restructuring.
Aayan Capital had been in merger talks with two local investment companies late last year, but those talks failed, and Aayan Leasing now planned to liquidate the company, Aayan Capital Managing Director Mansour al-Mubarak said.
"The intention is to dissolve Aayan Capital in a very short while and will combine it with the (parent) company," Mubarak said in an interview on Thursday.
The Islamic investment firm also plans to merge two of its transportation leasing units as it strives to cut costs and restructure, Mubarak said, adding Aayan Leasing could post a loss in the first quarter after revaluing some assets.
"We might get into losses in the first quarter," he said.
Reuters
24/05/2011
Kuwait's leading Islamic firm Aayan Leasing and Investment Co yesterday signed a KD205 million ($743.6 million) debt restructuring agreement with its creditors. After signing the agreement at the She
Kuwait Times
27/07/2010
Aayan Saudi Leasing Company, the leading company in leasing and selling cars, has implemented a training program for operational leasing staff in all its branches Kingdom-wide to further improve thei
Saudi Gazette
05/05/2009
Kuwaiti investment firm Aayan Leasing and Investment Co said on Monday it wants to merge its asset management unit with the parent firm but had not taken a final decision yet.
The statemen
Reuters
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| OSOUL | 250.00 | 5.00 (2.04 |
| BAYANINV | 72.90 | 3.90 (5.65 |
| GFC | 222.00 | -17.00 (-7.12 |
| KINGDOM | 7.90 | -0.08 (-1.01 |
| TADAWULGROUP | 208.50 | 0.80 (0.38 |
10/10/2025
Saudi Aramco completed the acquisition of an additional 22.5 percent stake in Rabigh Refining and Petrochemical Co., known as Petro Rabigh, from Japan's Sumitomo Chemical Corp. for $702 million.
Arab News
09/10/2025
Once again, Boubyan Bank reinforces its global, regional and domestic digital banking leadership after being recognized with 4 prestigious awards from Global Finance, as part of its annual awards giv
Kuwait Times
09/10/2025
Guided by its philosophy that sees human capital investment as the foundation of sustainable growth, National Bank of Kuwait successfully concluded its 2025 training program for university students,
Kuwait Times
09/10/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, celebrated the graduation of its second batch of employees from the Top-Up Bachelor of Engineering (BEng) programme in Ele
Trade Arabia
09/10/2025
Fertiglobe, the largest seaborne exporter of urea and ammonia globally and a key nitrogen fertiliser producer in the MENA region, has announced a minimum capital return of $277 million to shareholder
Khaleej Times
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