Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Commercial Bank wins 2 accolades at World Finance Digital Banking Awards 2025
- Asian stocks track Wall St rally as Tokyo hits record on Takaichi win
- Gulf Bank and Suffix celebrate the success of 11th Marathon Edition
- NBK-Egypt provides $115m financing for Safaga Terminal Project in Egypt
- Oman's central bank issues treasury bills worth OMR17.48mn
- MSX seen climbing to 7,447 points by end-2026 as rally gathers momentum
- du posts record profit and revenue growth in 2025, lifts dividend to 64 fils
- UAE exempts non-commercial sports entities from corporate tax under new law
- Indian rupee, Pakistani rupee and Philippine peso stay soft, lifting dirham value for expats. Remit now?
- Dubai gold prices rise above Dh600 per gram again as dollar weakens
31/03/2010 00:00 AST
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 firm, controlled by family-owned conglomerate Kharafi Group, said in a statement to the bourse that its bond holders had approved a one-year extension of payment till April 5, 2011.
The statement did not provide any further details and company officials could not be immediately reached for comment.
Naser Al-Nafisi, general manager of Al-Joman Center for Economic Consultancy in Kuwait, told Reuters the extension was "a good step to save it from trouble."
"The company has a liquidity problem, a serious problem," he said, adding that most of Kuwait's investment firms suffer in one way or another from the aftermath of the global financial crisis.
Kharafi partly owns Kuwaiti telecom Zain which is expected to sign on Tuesday a $9 billion deal to sell most of its African assets to India's Bharti Airtel. Zain said it will use $4 billion to pay debts.
Reuters
03/11/2010
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.
<
Bloomberg
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
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 |
|---|
10/02/2026
Commercial Bank has been named 'Best Digital Bank in the Middle East' and 'Best Bank for AI Integration & Digital Transformation in the Middle East' at the World Finance Digital Banking Awards 2025.
Gulf Times
10/02/2026
As the title sponsor of the Gulf Bank 642 Marathon, Gulf Bank recently hosted representatives from Suffix, the event's organizing partner, at its headquarters for a comprehensive review of the key su
Kuwait Times
10/02/2026
Reinforcing its leadership in advancing Egypt's sustainable economic development agenda, National Bank of Kuwait - Egypt (NBK-Egypt) continues to strengthen its role as a leading financial partner in
Kuwait Times
10/02/2026
Emirates Integrated Telecommunications Company (du) posted higher revenues, rising profitability, and its highest dividend on record when it reported its last set of financial results for 2025.
<
Gulfnews
10/02/2026
Bank ABC (Arab Banking Corporation) has announced a record total operating income of $1.41 billion, a 5% headline growth YoY, and 7% on an underlying constant currency basis.
This revenue m
Trade Arabia
Financial Information Co.
Saudi Arabia