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

27/08/2012

A Kuwaiti investment company wants a US court to allow it to pursue legal action against Carlyle Group in the Arabian Gulf state.

National Industries Group (NIG), owned by one of Kuwait's

The National

Capital Intelligence reaffirms the rating of NIG Sukuk Company

18/08/2012

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

15/08/2012

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
OSOUL 159.00 1.00 (0.63%)
BAYANINV 56.60 0.20 (0.35%)
GFC 144.00 -5.00 (-3.36%)
KINGDOM 8.84 0.09 (1.02%)
TADAWULGROUP 179.00 -2.20 (-1.22%)
TAQA Group reports Q1 revenue of $ 3.87bn, up 3.8%

16/05/2025

Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, has delivered a 3.8% year-on-year revenue growth, reaching AE

Trade Arabia

Abraj Energy signs deal with BP for drilling rig in Block 61

16/05/2025

Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.

The

Muscat Daily

Commercial Bank launches new CB Corporate Banking App

16/05/2025

Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region.

This stat

Gulf Times

Emirates NBD pilots new AI compliance tech to reduce risks, improve payment speed

16/05/2025

Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi

Gulfnews

NBK publishes first green bond allocation and impact report

16/05/2025

In line with its leading and responsible role in the banking industry, National Bank of Kuwait continues to advance confidently towards building a sustainable future by implementing its environmental

Kuwait Times