Kuwait's NIG says signs MoU to sell 30 pct of Noor for $99 mln

06/04/2014 11:55 AST

Kuwait's National Industries Group has signed a memorandum of understanding to sell a 29.9 percent stake in Noor Financial Investment Co to an unidentified buyer for 28 million dinars ($99.43 million), the company said on Sunday.

National Industries owns 50.4 percent of Noor. The deal will bring it a profit of 7.5 million dinars, the firm said in a statement to the Dubai bourse. ($1 = 0.2816 Kuwaiti Dinars)


Reuters

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Capital Intelligence reaffirms the rating of NIG Sukuk Company

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NIG to repay $475 million Sukuk on time, drops delay request

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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-y

Reuters

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