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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
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
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