Wednesday, Oct 10, 2012
BEIRUT (Zawya Dow Jones)--Kuwait's Al Madar Finance and Investment Co. (MADAR.KW) has rescheduled most of its debt pile totaling about 50 million Kuwaiti dinars ($177.8 million) into medium and long term ones and plans to exit some investments, Kuwait-based Al Rai daily reports Wednesday citing an executive.
Al Madar has received offers for some of its assets, including its stakes in other companies, and is now studying these offers, Badr Al Bahar, chairman and managing director of the shariah-compliant company, said according to the newspaper.
Newspaper website: http://www.alraimedia.com/Article.aspx?id=384530&date=10102012
Write to Beirut Bureau at djnews.dubai@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
10-10-12 0605GMT
