Saturday 23 August 2014
 
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Global Investment House

Global Investment House swings to Q1 profit

Global Investment House , the Kuwaiti firm which completed a second debt restructuring last year, swung to a first-quarter net profit as fees from its asset management, investment banking and brokerage businesses grew. Global, whi

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GIH picks ex-Barclays banker as investment head

Global Investment House is set to hire Michael Helou, a former senior banker at Barclays , as its investment banking head, four banking sources said, as the Kuwaiti firm seeks to revive growth after a debt restructuring deal. Glob

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Global completes $1.7bn restructuring

Kuwait's Global Investment House said on Wednesday that it had completed a $1.7 billion restructuring plan, the second at the firm since the global financial crisis. Under the plan, Global separated its core fee business from

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Kuwait's Global posts $192m net loss

Kuwait's Global Investment House, which has agreed with creditors to restructure $1.7 billion of debt, posted a net loss of KD55 million ($192.8 million) in 2012 compared to a loss of KD57.5 million the year before. One of the

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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

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Global wins approval for debt restructuring

Kuwait's Global Investment House has received the backing of "an overwhelming majority" of creditors for its debt restructuring plan, the company said in a statement on Monday. The restructuring, its second in three

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Global wins approval to restructure $337m bonds

Kuwait's Global Investment House said on Sunday that it had secured the approval of creditors to restructure two bonds worth KD95 million ($337 million) as part of the company's second debt overhaul in three years.  

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Global creditors reject debt restructuring plan

Kuwait's Global Investment House said on Tuesday that three of its creditors had failed to back a $1.7 billion debt restructuring plan and that it was looking at legal options to secure a deal. Undergoing its second debt restr

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Kuwait's Global wins nod for $1.7bn debt plan

Shareholders in Kuwait's Global Investment House on Sunday approved a final plan for the company's $1.7 billion debt restructuring that will create new special purpose vehicles (SPVs) to take on its debts. The Kuwaiti investment

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Stiff competition 'may hit Batelco revenue'

Batelco, the leading telecom service provider in Bahrain, could continue to face stiff competition, resulting in a decline in its domestic revenue, Global Investment House said, downgrading the stock to 'buy' from 'strong buy'.

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