Friday 1 August 2014

GIH approves delisting from Kuwait bourse

Shareholders in Kuwait's Global Investment House have approved the delisting of the stock from the Kuwait bourse, nearly a year after firm's shares were suspended from trading. "(The general assembly) agreed to author


Global cancels $410m loan

Kuwait's Global Investment House has cancelled a $410 million, three-year syndicated term loan after deciding not to proceed with its acquisition of a 20 percent stake in National Bank of Umm Al Quwain, which the debt was to be used to fund, a ban


GIH sets up $500m realty fund

Global Investment House (GIH) has launched a $500 million Global GCC Real Estate Fund-II to take advantage of the booming GCC market. 'We are very excited about the launch of our second fund focusing on real estate opportunities in the GC


GIH to manage Ithmaar's KSE listing

Global Investment House (GIH) will act as the listing advisor for Bahrain-based Ithmaar Bank, after receiving the initial approval to list a Bahraini company in the Kuwait Stock Exchange (KSE). GIH is a full-fledged Kuwait-based investmen


Oman plans $1bn healthcare city

Oman's Majan Development Company (MDC) is planning to develop a healthcare city near Muscat with an estimated investment of RO300-400 million  ($774 million to $1.03 billion), a senior official of Kuwait-based Gulf Investment House (GIH) said


GIH denies plan to raise Mayadeen stake

Kuwaiti investment bank Global Investment House (GIH) denied a newspaper report on Thursday that it plans to raise its stake in National Ranges & Real Estate Company (Mayadeen). Kuwait's Al-Watan daily said the country's largest invest

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