06/04/2014 11:55 AST

Kuwait's National Industries Group has signed a memorandum of understanding to sell a 29.9 percent stake in Noor Financial Investment Co to an unidentified buyer for 28 million dinars ($99.43 million), the company said on Sunday.

National Industries owns 50.4 percent of Noor. The deal will bring it a profit of 7.5 million dinars, the firm said in a statement to the Dubai bourse. ($1 = 0.2816 Kuwaiti Dinars)


Reuters

Kuwaiti firm targets Carlyle in $25m claim

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Capital Intelligence reaffirms the rating of NIG Sukuk Company

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Capital Intelligence (CI), the international credit rating agency, announced that it has reaffirmed the rating of NIG Sukuk Company's $475m Mudaraba Sukuk at 'BBB-'. The Outlook for the rating is 'St

AME Info

NIG to repay $475 million Sukuk on time, drops delay request

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Kuwait's National Industries Group Holding (NIG) will repay its 475 million US dollars Islamic bond, or Sukuk, when it matures on August 16, it said on Tuesday, dropping earlier plans to get a four-y

Reuters

Ticker Price Volume
NIND Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Ticker Price Change
FACIL 266.00 -13.00 (-4.66%)
ASIYA 39.00 -0.40 (-1.02%)
OSOUL 154.00 0.00 (0.00%)
BAYANINV 63.30 -0.20 (-0.32%)
GFC 82.00 0.00 (0.00%)
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