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Moody's downgrades NIG ratingMoody's has downgraded the Corporate Family (CFR) and Probability of Default Ratings (PDR) of National Industries Group (NIG) and the debt ratings on the $475 million sukuk issued by NIG Sukuk to B1 from Ba3. The outlook remains negative. More… |
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National Industries cancels $991m issueNational Industries Group Holding (NIG), Kuwait's biggest construction materials firm, said on Tuesday it wanted to cancel a planned $991 million rights issue. The board recommended that shareholders approve cancelling a 25 per cent ca More… |
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National Industries to open $990m rights issueKuwait's National Industries Group Holding (NIG), an affiliate of family-owned Kharafi Group, said subscriptions for its $990 million capital hike will open next Sunday after it won government approval. NIG's shareholders approved More… |
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Kuwait's National Industries mulls stake saleKuwait's National Industries Group Holding, the country's biggest industrial conglomerate by market value, might sell a 10 percent stake to a foreign investment bank, its chairman said. "We have offers, one offer is to pay more than 35 per More… |
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National Industries Q3 profit jumps 75pcKuwaiti conglomerate National Industries Group Holding reported a 75 percent rise in third quarter net profit. Net income in the three months to Sept. 30 was 49.8 million dinars ($179.4 million) compared with 28.5 million dinars in the yea More… |
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NIG takes 20pc stake in Jordan's MECKuwait's National Industries Group Holding has taken a 20 per cent stake in Jordan-based Middle East Complex (MEC). The deal, worth JD40 million ($56.45 million), is aimed at providing MEC with lucrative means to expand its operations regi More… |
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National Industries profit doublesKuwait's National Industries Group, the country's biggest construction materials firm by market value, more than doubled second-quarter net profit to 98.21 million dinars ($348.3 million). The company's profit in the six months to June 30 More… |
NIG to raise $1.5bn from Islamic bondsNational Industries Group (NIG) plans to raise $1.5 billion by selling Islamic bonds, the company's chairman said. Citibank, Standard Chartered and BNP Paribas are among the arrangers, and presentations to investors will start next week, c More… |
