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kUWAIT-GLOBAL

Banks approve debt payment delay for Kuwait’s Global

Kuwait's Global Investment House said on Monday that creditor banks had approved a delay in repayment of principal and interest to November from June, days after bondholders also agreed to extend scheduled payments to later in the year.

June 12, 2012 11:07
 
UAE's Dana gas shuffles board amid debt talks

UAE’s Dana Gas shuffles board amid debt talks

Sharjah-based Dana Gas, the energy firm which has a $1 billion Islamic bond, or sukuk, due in October, has appointed a new chairman, it said in a bourse filing on Sunday.

June 10, 2012 5:50
 
Dubai JAFZA

Dubai JAFZA to raise $1.85 billion for redemption

The source, who declined to be named ahead of any official announcement, said JAFZA aimed to raise $650 million from the new sukuk and $1.2 billion from the Islamic facility.

June 6, 2012 12:08
 
Kuwaits-global-to-get-bond-repayment-delay-approval-sources.

Kuwait’s global to get bond repayment delay approval – sources

Kuwait's Global Investment House is expected to receive approval on Thursday to delay the repayment of bonds worth 95 million dinars ($338.6 million) to November from June, two sources familiar with the matter said.

June 5, 2012 5:24
 
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