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

Kuwaiti firm targets Carlyle in $25m claim

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

The National

Capital Intelligence reaffirms the rating of NIG Sukuk Company

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 'St

AME Info

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

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-y

Reuters

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stc wins in two categories at Global Business Outlook Awards 2025

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Kuwait Telecommunications Company - stc, a world-class digital leader providing innovative services and platforms to customers, enabling the digital transformation in Kuwait, announced that it has wo

Kuwait Times

QIIB net profit surges 7.2% to QR1.35bn in 2025; recommends 53% cash dividend

27/01/2026

QIIB has reported a 7.2% year-on-year increase in net profit to QR1.35bn in 2025 and recommended a total 53% dividend.

Earnings-per-share (EPS) increased to QR 0.82 in 2025, reflecting the l

Gulf Times

QNB is helping shape Qatar into regional premier fintech hub, says QNB EVP

27/01/2026

QNB Group, the Lead Sponsor and strategic partner of Web Summit Qatar 2026, is reaffirming its position as a driving force behind the country's digital transformation journey.

By uniting dec

Gulf Times

Al Habtoor Group to take legal measures against Lebanon over $1.7bn investment losses

27/01/2026

Al Habtoor Group said it will move forward with legal action against Lebanon after years of unresolved investment disputes and mounting losses of $1.7 billon linked to banking restrictions and state

Arab News

Commercial Bank unveils enhanced 'Corporate Digital Account Platform'

27/01/2026

Commercial Bank, the first bank in the market to introduce digital account opening, has further strengthened its leadership in innovation with the launch of its newly enhanced Corporate Digital Accou

The Peninsula