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05/09/2011 00:00 AST
Noor Financial Investment Company is pleased to announce that it has proactively sought and concluded a deal with Gulf Bank to restructure its loan facilities, which amounts to approximately 40 percent of Noor's total bank debt. As a result, Noor's 62.5 million Kuwaiti dinar Gulf Bank loan has been converted from a short-term facility to a long-term facility at a reduced financing cost, with a six-year tenor maturing in the year 2017. Noor is also in the process of actively negotiating the loan restructuring terms with other lender banks. This was stated in a press release on Sunday.
Noor would like to take this opportunity to thank the Chairman, Board of Directors, Chief Executive Officer (CEO) and senior management of Gulf Bank who have extended their assistance and cooperation to finalize this transaction.
Al Watan
17/11/2014
Noor Financial Investment Company on Monday announced a net profit of KD 3.9 million in the first nine months of this year, indicating the earnings per share reached 9.9 fils, compared with 17.7 fils
KUNA
05/09/2011
Noor Financial Investment is asking its banks for a six-year extension on loan repayments, joining a growing list of Kuwaiti investment houses forced to renegotiate debt after the financial crisis.
The National
12/12/2010
Noor Financial Investment Company incurred KD 24.5 million worth of losses, 32 fils per share, in the first nine months of 2010, compared to KD 11.9 million, 16 fps, of the same period of 2009.
KUNA
| 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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