Please wait...
GulfBase Live Support
- Saudi riyal symbol: strategic step toward global financial standing
- Bahrain All Share Index, Islamic Index close lower
- Oman's non-oil exports fall 16% in 2024; re-exports rise 15%
- Oman ranks 58th in 2025 Economic Freedom Index
- QCB foreign reserves grow 3.81% in February 2025
- Doha Bank announces exclusive benefits for NRIs on Visa Platinum Debit Card
- China-US trade war heats up with Beijing's tariffs to take effect
- Saudi Awwal Banks becomes first bank in Saudi Arabia to win Sustainability Program Award 2024 at Capital Markets Forum
- Qatar's international reserves climb 3.81% to $70.29bn in February
- Closing Bell: Tadawul rises on positive trading day, Nomu follows suit
21/05/2012 08:12 AST
Kuwait's National Industries Group Holding (NIG) said on Sunday it has appointed banks to raise more than 100 million Kuwaiti dinars (358 million US dollars) in a Shariah-compliant syndicated loan.
"Lead arranger (Warba Bank) will invite local, Gulf and international banks to participate in this financing," NIG said in an e-mailed statement.
"It comes in line with the strategy and objectives of the bank to support the local economy and local companies," it added, saying the operation would be compliant with Islamic law. It did not give further details on the use of the proceeds.
Kuwait's Kharafi Group, a major local investor, holds a stake in NIG according to Kuwait Stock Exchange (KSE) data.
For more on this Click Here
Al Watan
30/03/2015
The National Industries Company (NIC) said Wednesday it secured KD 9.6 million in profits in the first three quarters of 2014 with per share dividends amounting to 7.3 fils.
NIC's profits an
KUNA
09/05/2010
National Industries Group, the largest industrial investment company in Kuwait, reported a first- quarter profit of 4.7 million dinars ($16 million).
The company had a loss of 36.6 millio
Bloomberg
| Ticker | Price | Volume |
|---|
10/03/2025
Doha Bank introduced a suite of exclusive offers for NRIs on their Visa Platinum Debit Card, delivering exceptional value across travel, lifestyle, dining, and retail. These carefully curated benefit
The Peninsula
10/03/2025
Saudi Awwal Bank has been awarded the Sustainability Program of the Year 2024 at the Capital Markets Forum (CMF), organized by the Saudi Stock Exchange Group (Tadawul).
This achievement make
Saudi Gazette
10/03/2025
Saudi Aramco has lowered its crude oil prices for Asian buyers in April, marking the first reduction in three months. This price cut aligns with market expectations and follows the decision by OPEC+
Arab News
09/03/2025
United Development Company (UDC), the master developer of The Pearl and Gewan Islands, has continued its global track record of accomplishments by securing three new Guinness World Records. This rema
The Peninsula
07/03/2025
Talabat Kuwait has denied rumors of a security breach, assuring customers and partners that all personal and payment information remains fully secure.
In an official statement, Bader Al-Ghan
Trade Arabia
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia