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Kuwait's Global posts $192m net lossKuwait'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 More… |
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GIH approves delisting from Kuwait bourseShareholders 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 More… |
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Global wins approval for debt restructuringKuwait'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 More… |
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Global wins approval to restructure $337m bondsKuwait'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. More… |
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Global creditors reject debt restructuring planKuwait'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 More… |
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Kuwait's Global wins nod for $1.7bn debt planShareholders 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 More… |
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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'. More… |
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Global to delay bond repaymentKuwait's Global Investment House secured approval from bondholders to delay the repayment of bonds worth 95 million dinars ($338.9 million) to December from June, a regulatory filing from the company said. The assent was granted at a meeti More… |
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Kuwait's Global wins $250m UAE caseKuwait's Global Investment House said it has won a long-running legal battle over an aborted buy of a stake in National Bank of Umm Al Qaiwain after an appeals court ordered the Abu Dhabi-listed bank to return its deposit plus interest. More… |
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Kuwait's Global set for $1.7bn debt talksGlobal Investment House, which is in talks to restructure $1.7 billion in debt, is due to hold meetings with bond investors on Tuesday, a regulatory bourse disclosure showed. The investment company, which has laid off 17 percent of its sta More… |
