Tuesday 24 December 2024
 
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National Industries

National Industries sells foreign investment funds

Kuwait-based National Industries Company (NIC), a specialist in manufacturing and marketing of building materials, said it has sold some of its foreign investments funds for KD47 million ($160 million). The Kuwaiti firm netted a p

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National Industries sells foreign investment funds

Kuwait-based National Industries Company (NIC), a specialist in manufacturing and marketing of building materials, said it has sold some of its foreign investments funds for KD47 million ($160 million). The Kuwaiti firm netted a p

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Kuwait's National Industries loses $966m

Kuwaiti conglomerate National Industries Group Holding, an affiliate of family-owned Kharafi Group, said it posted a loss of 281.96 million dinars ($966.4 million) in 2008 and planned to pay no dividend. Kuwait's biggest construction mater

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NIG extends $1bn capital hike deadline

Kuwait's National Industries Group Holding (NIG) has extended the subscription period for a capital increase after its stock fell below the issue price. In May, NIG's shareholders approved a 25 percent capital increase; offering 294.3

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NIG extends $1bn capital hike deadline

Kuwait's National Industries Group Holding (NIG) said on Thursday it had extended the subscription period for a capital increase after its stock fell below the issue price on the back of a bourse slide. In May, NIG's shareholders a

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National Industries Q2 profit plunges 40pc

Kuwaiti conglomerate National Industries Group Holding, an affiliate of family-owned Kharafi Group, said on Tuesday second-quarter net profit fell by 40.6 percent. Net profit in the three months to June 30 was KD58.4 million ($218.3 millio

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National Industries profit surges 55pc

Kuwaiti conglomerate National Industries Group Holding posted a 55 percent increase in its full-year net profit. Profit in 2007 was 209.36 million dinars ($786.5 million) compared with 134.99 million dinars in the year-earlier period, it s

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