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Friday, 27 November 2009 01:32 UAE time

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Kuwait's Madina to merge with real estate firm

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Sunday, 08 February 2009
Several Kuwaiti investment firms have said they would consider selling stakes or merge, to combat global crisis. (Getty Images)
Several Kuwaiti investment firms have said they would consider selling stakes or merge, to combat global crisis. (Getty Images)

Kuwaiti investment firm Al Madina for Finance and Investment Co.  said on Sunday it had agreed to merge with local real estate firm Sarh Al Madina Real Estate Development Co.

The two firms have signed an initial memorandum of understanding for the deal, Madina said on the Kuwaiti bourse website. No more details were immediately available.

Several Kuwaiti investment firms have said they would consider selling stakes or merging to help cope with a global financial crisis. (Reuters)

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    26 Nov ' 09 at 20:13
    Red Devil/Sandjocky, I have also had several posts blocked over the past couple of days, posts that speak of the facts only as they...   More  »
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