Investcorp inks $504 debt refinancing deal
(Reuters
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28/06/2012)
Bahrain-based Investcorp has signed up to a $504 million-equivalent loan aimed at refinancing debt due in 2013, with the final amount potentially being increased in the coming weeks as more banks join the lending syndicate, sources said. The loan heads
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Alshamel International rebrands to Alshamel Travel
(Al Watan
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27/06/2012)
A new identity for the leading travel management company across the Middle East region has been unveiled. Alshamel Travel will replace the old logo of Alshamel International and Alshamel Travel & Tourism. This change will affect all the fully-owned
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Al Baraka Bank-Lebanon signs contract to back luxury real estate
(CPI Financial
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26/06/2012)
Al Baraka Bank-Lebanon has signed a deal with Arab Company for Civil Works (ACW) to fund the contstruction of ‘Vertini’ in Beirut’s Verdun district. The contract was signed by Mutasim Mahmassani Board Member / Director-General of Al Baraka Bank-Lebanon
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Commercial Facilities Company services now at Al Bairaq Mall
(AME Info
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24/06/2012)
Commercial Facilities Company (CFC) announced its new booth at Al Bairaq Mall as means to further reach out to its clients with a vast array of services aimed to meet their best benefit while solidify mutual networking. The booth is set up until July 5,
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Al Baraka Islamic Bank's ratings affirmed
(AME Info
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21/06/2012)
Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed Bahrain-based AlBaraka Islamic Bank (AIB)'s Financial Strength Rating (FSR) at 'BB' on the basis of its comfortable liquidity and increased capital adequacy
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Moody's provisional ratings for Tamweel Residential RMBS (Cayman) IV
(CPI Financial
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19/06/2012)
Moody's Investors Service has assigned provisional long-term credit ratings of (P)Aa3 (sf) to Certificates to be issued by Tamweel Residential RMBS (Cayman) IV Ltd. The $235 million Floating Rate Certificates due 2046, constitute the second international
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Tamweel eyes second bond float this year
(The National
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19/06/2012)
Tamweel is planning to increase its borrowing from credit markets as it meets with bond investors this month. The Islamic mortgage provider has hired Abu Dhabi Commercial Bank, UBS and Emirates NBD ahead of a possible sukuk sale, Reuters reported
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Kuwait Financial Centre SAK (Markaz) ratings action
(AME Info
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14/06/2012)
Capital Intelligence (CI), the international credit rating agency, announced that it has reaffirmed the rating of the Kuwait Financial Centre's (Markaz) unsecured $100m FRN at 'BBB'. While the Outlook for the Company's bond rating was adjusted to
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GFH denies stake sale talks
(Trade Arabia
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12/06/2012)
Bahrain-based Gulf Finance House (GFH) has denied media reports that an investment authority owned by a Kuwaiti government entity had approached it for a controlling stake. "GFH would like to clarify that the story reported in the media yesterday and on
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Banks approve debt payment delay for Kuwait's Global
(Reuters
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12/06/2012)
Kuwait's Global Investment House said on Monday that creditor banks had approved a delay in repayment of principal and interest to November from June, days after bondholders also agreed to extend scheduled payments to later in the year. The company,
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Kuwait’s Global wins bond pay deferral
(Khaleej Times
-
11/06/2012)
Kuwait’s Global Investment House, which is undergoing its second debt restructuring in three years, won approval from bondholders to delay payments on KD95 million ($339 million) of debt, it said in a statement on the Dubai bourse on Sunday. Investors
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Investcorp seeks $500m-plus refinancing
(Reuters
-
08/06/2012)
Investcorp, a Bahrain-based investment company, is seeking a loan of more than $500 million to help refinance debt due in 2013 as it looks to head off any potential refinancing risk next year, four sources familiar with matter said on Thursday. The firm
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Kuwait’s Global secures bond repayment delay approval
(Reuters
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08/06/2012)
Kuwait’s Global Investment House has secured approval from bondholders to delay the repayment of bonds worth 95 million dinars ($ 338.9 million) to December from June, a regulatory filing from the company said. The assent was granted at a meeting in
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Gulf Finance House aims to sell QInvest stake
(The National
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07/06/2012)
Gulf Finance House is seeking buyers for its stake in QInvest, a Doha-based investment bank. The Bahraini investment bank, which reached a restructuring agreement on US$110 million (Dh404m) of debt last month, indirectly holds a 4 per cent stake in
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KAMCO appoints acting chief executive officer
(Al Watan
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07/06/2012)
Kuwait Projects Company (KIPCO) Asset Management Company (KAMCO), announced in a press release on Wednesday, the appointment of Faisal Sarkhou as the new Acting Chief Executive Officer (CEO) upon the board's approval of outgoing Managing Director and
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Global to get bond repayment delay approval
(Reuters
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06/06/2012)
Kuwait's Global Investment House is expected to receive approval on Thursday to delay the repayment of bonds worth 95 million Kuwaiti dinars (338.6 million US dollars) to November from June, two sources familiar with the matter said. "Bondholders have
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Dubai SME holds joint seminar with DFM and Nasdaq Dubai
(Khaleej Times
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05/06/2012)
Dubai SME, the agency of the Department of Economic Development mandated to develop the small and medium enterprise, or SME sector, together with the Dubai Financial Market, or DFM and Nasdaq Dubai, organised a seminar for Dubai SME100 companies on the
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Al Baraka in Islamic finance drive
(Trade Arabia
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04/06/2012)
Bahrain-based Al Baraka Banking Group and the World Bank have reached an agreement to launch joint programmes under a set of new Islamic finance initiatives. These initiatives are aimed at fostering sustainable development of Islamic economics and
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KIPCO announces new HR appointment
(Al Watan
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04/06/2012)
The Kuwait Projects Company (KIPCO) has announced in a press release on Sunday the appointment of Khaled Al-Sharrad as Group Chief Human Resources and Administration Officer. Al-Sharrad was previously Senior Executive Vice President, Head of Human
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SHUAA Capital appoints Steffen Schubert & John Blanthorne to the Board
(Press Release
-
03/06/2012)
SHUAA Capital, the leading financial services institution in the GCC region, announced today that it has appointed Mr. Steffen Schubert and Mr. John Blanthorne to the Board of Directors of its wholly owned lending business, Gulf Finance Corporation PSJC
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