Dar seeking $300mn loan
KUWAIT CITY: Al Dar Investment Company is seeking to get an Islamic Murabaha facilitation loan worth $300 million, for five years, in order to finance public purposes.
Aayan Real Eatate Co. announced that the new Real Estate Finance Co. will be wholly owned by AAYANRE to be its financing arm in the real estate sector and an integral part in major projects, and the capital will be approximately KD 40 million.
Iraq Holding Company decided to call the rest of the unpaid capital, and compete for the third license for mobile phone in Kuwait.
Kuwait International Bank (KIB) announced the judgment in the lawsuits No. 45 and 46 / 2005 sales / 2 filed by the bank against one of its clients regarding the sale of the client's real estate mortgaged to the bank under the two facility contracts 3030 and 3031 /3. The court has rejected the objections of the debtor, and determined a session in Dec 25, 2007 to sell client's real estate in public auction.
Gulf Insurance Co has deposited a compulsory bid for the purchase of 276 thousand shares of Arab Misr Insurance Group "AMIG" listed in the informal schedule 2, which represent 46 percent of the company's capital at EGP 95 per share. AMIG's capital hit about EGP 60 million.
Gulf Investment House as the manager of Care Fund II has signed establishment contract of the sixth Medical Center in the state of California at a total cost estimated at $20.3 million on an area of 80 thousand square.
The Fund will build a medical center in Valley Presbyterian Hospital, as the fund's capital hit about $60 million for the investment in the development of medical centers exceed a total cost of $ 200 million It is expected to distribute current dividends between 8.5 percent to 9.5 percent annually.
A company owned by 100 percent to Arabi Holding Group Co. (AGHC) won the bid No. OT / MK / 96 / 2007/2006 for the supply and delivery of chemicals to the electric power stations and water distillation, at the value of KD 7,651,684 from the Ministry of Electricity and Water.
© Arab Times 2007
