Thursday, Aug 19, 2010
BEIRUT (Zawya Dow Jones)--Kuwait's Alfarabi Investment Co. has received the preliminary approval of the central bank to benefit from the financial stability law, Kuwait-based Al Watan daily reports Thursday citing Hani Al Ghawas, the company's general manager.
The law involves helping companies with liquidity problems to restructure their debts and providing guarantees by the central bank for this purpose.
Ghawas, who was confirming a report by Al Watan Wednesday, said according to the paper, that Alfarabi's shareholders are scheduled to meet in the coming few weeks.
Newspaper website: http://www.alwatan.com.kw/ArticleDetails.aspx?Id=49232
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2010 Dow Jones & Co.
(END) Dow Jones Newswires
19-08-10 0605GMT
