Global Investment House - Kuwait

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Recent Articles

• Kuwaits's Global Investment House cancels $410mn loan17 November 2008

  Decides not to proceed with acquisition of 20% stake in National Bank of Umm Al-Quwain. 

• Kuwait's Global Q3 profit up 36% on higher fees27 October 2008

  Investment bank reports $77mn income, investment losses covered by gains.

• Bahrain $265mn IPO to go ahead despite crunch20 October 2008

  Developer Naseej to seek funds from market in Nov., says business model unchanged.

• Bank of Bahrain and Kuwait Q3 in the red19 October 2008

  BBK posts $10.7mn quarterly loss as it makes provisions, marks down investments valuations.

• Mobile triumphs over fixed line in GCC4 September 2008

  Mobile service expansion cited as reason for decline in fixed line subscribers, according to new study

• Kuwait's Global to develop Tunisian cement plant30 July 2008

  Global and Tunisian partner Bina Holding give no details of cost or timeframe.

• Bank of Bahrain and Kuwait Q2 profit rises 32% 27 July 2008

  Bank reports quarterly net income of $35mn, gives no pointers.

• Global raises $500mn in London offer16 July 2008

  Kuwait's Global Investment House in IPO for London-listed private equity fund.

• Kuwaiti bank profits up despite lending restrictions6 July 2008

  Q2 earnings surge as economy booms and as banks shrug off consumer lending rules.

• Dubai Islamic, Global fund eyes three deals by Q330 June 2008

  Fund to do deals with Turkish, Indian financial services firms and Gulf retailer.

• Global seeks $500mn in LSE listing17 June 2008

  Kuwait's Global Investment House says investment subsidary intends to sell shares by July 18.

• Kuwait's Global to raise $1.24bn in share sale22 April 2008

  Gulf state's biggest Investment bank to use funds to finance acquisitions across Gulf.

• Kuwait, UAE firms team to tap banking sector15 January 2008

  Global Investment House and Al-Qudra Holding to set up Abu Dhabi investment bank.

• Global Investment sells Nibras stake for $35mn22 November 2007

  Kuwaiti bank sells 88% stake in Nibras Holding for 9.6 million Kuwaiti dinars.

• Islamic marine fund launched4 October 2007

  Middle East and Malaysian investors aim to cash in on sea freight boom.

• Kuwaiti real estate fund makes first deal22 September 2007

  Kuwait's Global Investment House has revealed its Global Asia Real Estate Fund has made its first acquisition, buying a shopping mall in the city centre of Weifang in Shangdong Province, China.

• Global plans $85mn Jordan expansion14 July 2007

  The Kuwaiti investment bank has won Jordanian approval for a $84.7mn share offer by a subsidiary.

• Kuwait fund denies Ahli stake claims26 June 2007

  State investors say reports of a sale of Ahli United Bank stake are incorrect.

• Kuwait's Global launches $100m Islamic fund15 May 2007

  Minimum subscription in the fund is $25,000 with each unit priced at $100.

• QIB launches Sanabel Islamic Fund30 April 2007

  Qatar Islamic Bank (QIB) is to set up a QR1 billion (US$274.8m) fund to invest in stocks listed on the Doha bourse, the worst-performing exchange in the GCC this year QIB and Global Investment House of Kuwait will manage the fund, called Sanabel.

• Dubai's Mashreqbank Q1 profit rises30 April 2007

  Net income in the three months to March 31 rose 30% to $121.2m.

• Kuwait's Global posts 20% rise in Q1 profit29 April 2007

  Global Investment House has posted a net profit of $77.83m.

• Global completes US$155m bond issue24 April 2007

  Bond will be used to restructure Global's debt and free up funds for investment.

• Revealed: Gulf's most admired companies14 April 2007

  Arabian Business has published its '50 Most Admired' list of regional companies.

• Kuwait Finance House profit up 42%13 April 2007

  The bank said it earned 114.63 million dinars after a total profit of 80.51 million dinars in the same quarter a year ago.