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Kuwaiti firm targets Carlyle in $25m claim (The National - 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 biggest merchant families, is taking legal action to recover a
Capital Intelligence reaffirms the rating of NIG Sukuk Company (AME Info - 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 'Stable'. Despite the deterioration of the financial
SIIL reports net of QR38.23mn (Gulf Times - 17/08/2012)

Salam International Investment (SIIL) has reported a net profit of QR38.23mn on operating revenue of QR975.46mn in the first half of this year. Having incurred an operating cost of QR706.51mn, its gross profit was QR268.95mn, according to the company’s
NIG to repay $475 million Sukuk on time, drops delay request (Reuters - 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-year extension from creditors. NIG, an investment firm
Aamal posts QR102.8mn profit, meets expectation (Gulf Times - 14/08/2012)

Aamal Company has reported a marginal 0.5% dip in net profit to QR102.8mn in the first six months (H1) of this year. Net profit margins fell to 10.4% (against 15% in H1 2011) in line with management expectations and company strategy, reflecting the
Mannai Corp profit jumps 46% in H1 (Gulf Times - 12/08/2012)

Mannai Corporation has reported a 46% jump in its first half net profit to QR204.6mn. The group turnover surged 85% to QR2.03bn, the company said. The net profit increase has been attributed to the acquisition of Damas in the second quarter of 2012. The
SIDF provides SR2.9b in loans (Saudi Gazette - 07/08/2012)

The Saudi Industrial Development Fund (SIDF) approved 14 loans valued at SR2.9 billion ($773 million) to establish nine new projects and expand five existing ones, the official Saudi Press Agency reported, citing Ali Bin Abdullah Al-Ayed, the fund’s
UDC net dips by 14% to QR298.67mn (Gulf Times - 03/08/2012)

United Development Company has reported a 14% dip in January-June net profit to QR298.67mn despite robust operating revenue. The net profit was impacted by a more than six-fold rise in net profit attributable to non-controlling interests, according to
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