Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait Investment Co to launch KD 5 mln investment fund  Join our daily free Newsletter

MENAFN - Arab Times - 26/08/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) DUBAI Aug 18 (Agencies): Kuwait Food Co (Americana) said on Monday that it had no knowledge of any talks with Saudi Arabia's Savola Group on a possible acquisition of Americana. 'The board and executive administration deny knowledge of any negotiations with Savola regarding an acquisition of Americana' the Kuwaiti company said in a statement to its stock exchange. A recent meeting between the two companies was intended only to discuss the possibility of joint cooperation in certain fields and markets; the meeting did not result in any development requiring disclosure Americana said. It added that its shares suspended since last Thursday pending clarification of the issue were expected to resume trading within an hour. Savola said last Wednesday that it had begun preliminary talks on a potential acquisition of Americana. It said it had attended an investor roadshow held by Americana's management but talks had not yet reached a stage that would require disclosure. Reuters reported in April that the al-Kharafi family the billionaire majority shareholder in Americana at 66.8 percent had hired investment bank Rothschild to explore a possible sale of the business.   Kuwait Investment Company ponders launching an investment fund in the Gulf finance markets compatible with the Islamic Shariaa (law). In a statement on Sunday Bader Nasser Al Subaiee the company's Chief Executive Officer said the fund would be launched with an initial capital of KD five million. The company earned KD 5.22 million in end of the year's first half at a rate of 9.53 fils. Shareholders' equity rose six percent to KD 132.3 million compared to KD 124.8 million in the past year's first half.

 


Arab Times




  MENA News Headlines
 May 5 2016 - Four wounded after rockets hit Turkey's KilisThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) >Four people including a police officer were wounded after rockets fired from Islamic State of Iraq and the Levant (ISIL)-controlled territory hit the ...

 May 5 2016 - Turkey- Delegation from Turkish opposition party detained in IsraelThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) >A delegation from Turkey’s far-right Great Unity Party (BBP) was detained at Israel’s Tel Aviv airport early on May 5 the party and CNN Türk ...

 May 5 2016 - ISIL must be pushed back in northern Syria: Turkish ministerThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Islamic State of Iraq and the Levant (ISIL) must immediately be pushed back from the Turkish border said Turkish Foreign Minister Mevlüt ...

 May 5 2016 - Jordan- Deputizing for King Royal Court chief receives US delegationJordan News Agency
(MENAFN - Jordan News Agency) Amman May 5 (Petra)--Deputizing for His Majesty King Abdullah II Royal Court Chief Fayez Tarawneh on Thursday received a delegation of US congressional aides currently ...

 May 5 2016 - Jordan- Deputizing for King Prince Faisal attends Israa wal Miraj celebrationJordan News Agency
(MENAFN - Jordan News Agency) Amman May 5 (Petra)--Deputizing for His Majesty King Abdullah II His Royal Highness Prince Faisal Bin Al Hussein on Thursday attended a grant religious ceremony held by ...

 May 5 2016 - Jordan, Palestine sign cultural cooperation programJordan News Agency
(MENAFN - Jordan News Agency) Ramallah April 5 (Petra)--Palestinian Prime Minister Rami Al Hamdallah on Thursday discussed with Culture Minister Lana Mamkigh means to boost cooperation and ...

 May 5 2016 - Jordan- PM meets investors in energy sectorJordan News Agency
(MENAFN - Jordan News Agency) Amman May 5 (Petra)--Prime Minister Abdullah Ensour on Thursday received businessman Tariq Al Abdullah and a delegation representing a group of international companies ...

 May 5 2016 - Qatar- Filipinos to celebrate Independence DayThe Peninsula
(MENAFN - The Peninsula) Philippine Ambassador Wilfredo C Santos (fourth left) cutting a cake along with UFOQ Chairman Edgar Anami (third left) Miss Tourism International Philippines 2015 Janela Joy ...

 May 5 2016 - Qatar- A hot day with maximum temperature around 38 degree celsiusThe Peninsula
(MENAFN - The Peninsula) Doha: The weather forecast for Qatar valid until 6pm Thursday inshore will be hot during with slight dust offshore will be hazy to misty with some clouds. Wind speed ...

 May 5 2016 - 2016 a bright year for Egypt's gymnastsDaily News Egypt
(MENAFN - Daily News Egypt) Egyptian female gymnasts have recently been making leaps and bounds in the competitive arena.This year, Sherine El-Zeiny won gold at the African Gymnastics Championships ...

 May 5 2016 - Egyptian clubs GSC, HSC take silver and bronze at Arab Water Polo Clubs ChampionshipDaily News Egypt
(MENAFN - Daily News Egypt) Saudi Arabian water polo club, Al-Qadisiyah, won the 13th edition of the Arab Water Polo Clubs Championship which was held at the Heliopolis Sporting Club (HSC) in ...

 May 5 2016 - Egyptian champions dominate squash tournamentsDaily News Egypt
(MENAFN - Daily News Egypt) Egyptian Mohamed Al-Shorbagy won the 2016 El-Gouna International Squash Open.In the final match, Al-Shorbagy defeated France's Gregory Gaultier in what was an unexpected ...

 May 5 2016 - Interview: Egyptian swimmer Farida OsmanDaily News Egypt
(MENAFN - Daily News Egypt) Nicknamed the Golden Fish, Farida Osman has won countless medals and has performed spectacularly in competitions. Among the many Egyptian athletes who have qualified for ...

 May 5 2016 - Mohammed bin Rashid greets UAE Armed Forces founders visionEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 5th May 2016 (WAM) -- Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has extended ...

 May 5 2016 - UAE- Mohamed bin Zayed: Our armed forces will steadily progress to be an extraordinary force able to face all threatsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 5th May 2016 (WAM) -- His Highness Sheikh Mohamed bin Zayed Al Nahyan Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed ...

 May 5 2016 - Egypt's foreign exchange reserves gain $450m in April: CBEDaily News Egypt
(MENAFN - Daily News Egypt) The Central Bank of Egypt (CBE) revealed Wednesday that Egypt's net international reserves increased by approximately $450m in April 2016.It explained in a statement on ...

 May 5 2016 - Tahya Misr launches first education investment fund with EGP 100mDaily News Egypt
(MENAFN - Daily News Egypt) Tahya Misr Fund launched the first fund for profitable investment in education at an estimated cost of EGP 100m in the first phase, according to executive director of the ...

 May 5 2016 - King Salman's bridge creates expectations of increased Gulf investments in tourism sectorDaily News Egypt
(MENAFN - Daily News Egypt) Workers in the tourism sector expect an increase in tourist investments, especially in the Gulf of Aqaba across several touristic towns and cities such as Sharm El-Sheikh, ...

 May 5 2016 - Egypt's technical education is still woundedDaily News Egypt
(MENAFN - Daily News Egypt) Bassera, the Egyptian centre for research and public opinion, estimated that the private sector contributed to developing the Egyptian education system with 9% in funding ...

 May 5 2016 - Kuwait- His Highness PM arrives in HanoiKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) HANOI May 5 (KUNA) -- His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah and his accompanying delegation arrived in Hanoi on Thursday on an ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help