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
Two of Kuwait's largest investment firms have cut nearly 100 jobs in cost-cutting measures, sources said on Sunday, as they grapple with difficult market conditions.
January 22, 2012 5:37
Creditors of Kuwait's Global Investment House have agreed to delay repayment of the principal of their debt to the middle of next year, the company said on Monday, so it can undertake a second restructuring.
December 13, 2011 11:38
Kuwait's Global Investment House said on Wednesday bondholders have agreed to delay repayment of a 45 million dinar ($163 million) bond to next June from April.
December 7, 2011 12:30