Kuwait- National Industries Group Gets KD 105 Million Loan| MENAFN.COM

Tuesday, 09 August 2022 11:15 GMT

Kuwait- National Industries Group Gets KD 105 Million Loan


(MENAFN- Arab Times) Kuwait's National Industries Group (NIG) has taken out a 105 million dinar ($347.4 million) three-year loan to refinance existing debts, the company and one of the arrangers said on Sunday. Lenders from Kuwait and the Gulf, in addition to international banks, participated in the transaction, which will be used to replace existing debt of the same value, NIG said in a bourse statement. The company, which has interests in a number of industrial sectors including building materials and petrochemicals, added it had separately renewed a facility worth 25 million dinars with Commercial Bank of Kuwait for an additional two years. Islamic lender Warba Bank, in a separate bourse filing, said its contribution to the three-year loan was 14 million dinars, for which Warba expects to receive 1.5 million dinars in revenues and fees that will be reflected in its third-quarter results.

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KUWAIT CITY: Kuwait National Cinema Company (KNCC) said on Sunday it had earned KD 5.98 million ($19.78 million), 62.6 fils per share, in first half of 2015 compared to KD 5.1 million ($16.87 million) in H1 2014. Total shareholders' equity reached KD 59.2 million in the H1 of 2015, compared to KD 57 million the same period of last year, KNCC said in statement posted on Kuwait Stock Exchange (KSE) website. Overall assets reached KD 88.5 million, total liabilities amounted to KD 29. 2 million in H1 2015, compared to KD 18.2 million in H1 2014.

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KUWAIT CITY: The Securities House Company (KSCC) said on Sunday it had earned KD 4.37 million ($14.45 million), 6.8 fils per share, in first half of 2015 compared to KD 554,039 (approximately $1,800) in H1 2014. Total shareholders' equity reached KD 58.9 million in H1 2015, compared to KD 54.2 million the same period of last year, the KSCC said in statement posted on Kuwait Stock Exchange (KSE) website. Overall assets reached KD 84.8 million, total liabilities amounted to KD 25. 6 million in H1 2015, compared to KD 53.9 million in H1 2014.

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KUWAIT CITY: Arzan Financial Group for Financing and Investment (ARZAN) said on Sunday it had earned KD 2.1 million ($6.94 million), 2.68 fils per share, in first half of 2015 compared to KD 2.65 million ($8.76 million) in H1 2014. Total shareholders' equity reached KD 115.9 million in H1 2015, compared to KD 114.8 million the same period of last year, Arzan said in statement posted on Kuwait Stock Exchange (KSE) website.


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