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05/09/2011 00:00 AST
Noor Financial Investment Company is pleased to announce that it has proactively sought and concluded a deal with Gulf Bank to restructure its loan facilities, which amounts to approximately 40 percent of Noor's total bank debt. As a result, Noor's 62.5 million Kuwaiti dinar Gulf Bank loan has been converted from a short-term facility to a long-term facility at a reduced financing cost, with a six-year tenor maturing in the year 2017. Noor is also in the process of actively negotiating the loan restructuring terms with other lender banks. This was stated in a press release on Sunday.
Noor would like to take this opportunity to thank the Chairman, Board of Directors, Chief Executive Officer (CEO) and senior management of Gulf Bank who have extended their assistance and cooperation to finalize this transaction.
Al Watan
17/11/2014
Noor Financial Investment Company on Monday announced a net profit of KD 3.9 million in the first nine months of this year, indicating the earnings per share reached 9.9 fils, compared with 17.7 fils
KUNA
05/09/2011
Noor Financial Investment is asking its banks for a six-year extension on loan repayments, joining a growing list of Kuwaiti investment houses forced to renegotiate debt after the financial crisis.
The National
12/12/2010
Noor Financial Investment Company incurred KD 24.5 million worth of losses, 32 fils per share, in the first nine months of 2010, compared to KD 11.9 million, 16 fps, of the same period of 2009.
KUNA
| Ticker | Price | Volume |
|---|
| 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 |
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
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
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
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
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
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