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
 Feb 12 2016 - Egypt logs 16.5pct drop in non-oil exports over 2015MENAFN
(MENAFN) Egypt's non-petroleum exports saw a 16.5 percent decline in value throughout the previous year as opposed to 2014, based on recent reports.Based on Egypt's General Authority for Export and ...

 Feb 12 2016 - UAE's new theme park's expenditure hits USD1.5bMENAFN
(MENAFN) Set to open its doors this Oct. the all new Dubai Parks and Resorts along with its land has had its overall project expenditure hit USD1.5 billion at the end of last year as opposed to much ...

 Feb 12 2016 - ACWA Power to collect USD8b debt in H1MENAFN
(MENAFN) ACWA Power, the Saudi-based power generation and desalinated water production plants' operator, intends to raise USD8 billion of debt over the first six month of the current year, according ...

 Feb 12 2016 - Spain dismantles falcon trafficking ring destined for UAE racesThe Peninsula
(MENAFN - The Peninsula) (file photo / Reuters ) Madrid: Spanish police said Thursday they had dismantled an international ring that smuggled falcons to the United Arab Emirates where ...

 Feb 12 2016 - Russia raises spectre of world war if nations fail to negotiate over SyriaThe Peninsula
(MENAFN - The Peninsula) Russian Prime Minister DmitryMedvedevchairs a meeting with ministers and top officials on social and economic policy in Moscow on February 10 2016. REUTERS ...

 Feb 12 2016 - Germany offers 500 mln euros in credits to IraqThe Peninsula
(MENAFN - The Peninsula) German Chancellor AngelaMerkel(L) and Iraqi Prime Minister Haider al-Abadi shake hands at a joint press conference after meeting at the Chancellery in Berlin on February 11 ...

 Feb 12 2016 - Russia claims US planes bombed Syria's AleppoThe Peninsula
(MENAFN - The Peninsula) Stalls are seen on a street beside damaged buildings in the rebel held al-Shaar neighborhood of Aleppo Syria February 10 2016. REUTERS Moscow:Russia's defence ...

 Feb 12 2016 - Erdogan threatens to send refugees to EU as NATO steps inThe Peninsula
(MENAFN - The Peninsula) Syrian people wait in front of the Oncupinar crossing gate to go back to Syria near the town of Kilis in south-central Turkey on February 11 2016. AFP Ankara:Turkish ...

 Feb 12 2016 - Qatar- LNG deal 'key to Pakistan's prosperity'The Peninsula
(MENAFN - The Peninsula) Pakistan Prime Minister Nawaz Sharif addressing members of the Pakistani community at the Four Seasons hotel yesterday. Pic: Abdul Basit / The Peninsula DOHA: ...

 Feb 12 2016 - Qatar- Emir visits Al Qassar Metro Station projectThe Peninsula
(MENAFN - The Peninsula) Emir H H Sheikh Tamim bin Hamad Al Thani is briefed on the project by Minister of Transport and Communications H E Jassim bin Saif Al Sulaiti. Doha: Emir H H Sheikh Tamim ...

more...


 






Google

Click to Apply

 
 

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