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- Bahrain All Share Index, Islamic Index close higher
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03/05/2009 00:00 AST
Kuwaiti Islamic asset manager Aayan Capital said it would be shut down as part of plans by its parent firm Aayan Leasing and Investment Co to cut costs by restructuring.
Aayan Capital had been in merger talks with two local investment companies late last year, but those talks failed, and Aayan Leasing now planned to liquidate the company, Aayan Capital Managing Director Mansour al-Mubarak said.
"The intention is to dissolve Aayan Capital in a very short while and will combine it with the (parent) company," Mubarak said in an interview on Thursday.
The Islamic investment firm also plans to merge two of its transportation leasing units as it strives to cut costs and restructure, Mubarak said, adding Aayan Leasing could post a loss in the first quarter after revaluing some assets.
"We might get into losses in the first quarter," he said.
Reuters
24/05/2011
Kuwait's leading Islamic firm Aayan Leasing and Investment Co yesterday signed a KD205 million ($743.6 million) debt restructuring agreement with its creditors. After signing the agreement at the She
Kuwait Times
27/07/2010
Aayan Saudi Leasing Company, the leading company in leasing and selling cars, has implemented a training program for operational leasing staff in all its branches Kingdom-wide to further improve thei
Saudi Gazette
05/05/2009
Kuwaiti investment firm Aayan Leasing and Investment Co said on Monday it wants to merge its asset management unit with the parent firm but had not taken a final decision yet.
The statemen
Reuters
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| OSOUL | 156.00 | 1.00 (0.64 |
| BAYANINV | 59.50 | 0.80 (1.36 |
| GFC | 143.00 | 5.00 (3.62 |
| KINGDOM | 9.09 | 0.21 (2.36 |
| TADAWULGROUP | 195.80 | 1.40 (0.72 |
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
24/04/2025
QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.
The campaign, taking place from April 24-June 24, will offer win
Gulf Times
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