Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait Investment Co to launch KD 5 mln investment fund  Join our daily free Newsletter

MENAFN - Arab Times - 26/08/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab Times) DUBAI Aug 18 (Agencies): Kuwait Food Co (Americana) said on Monday that it had no knowledge of any talks with Saudi Arabia's Savola Group on a possible acquisition of Americana. 'The board and executive administration deny knowledge of any negotiations with Savola regarding an acquisition of Americana' the Kuwaiti company said in a statement to its stock exchange. A recent meeting between the two companies was intended only to discuss the possibility of joint cooperation in certain fields and markets; the meeting did not result in any development requiring disclosure Americana said. It added that its shares suspended since last Thursday pending clarification of the issue were expected to resume trading within an hour. Savola said last Wednesday that it had begun preliminary talks on a potential acquisition of Americana. It said it had attended an investor roadshow held by Americana's management but talks had not yet reached a stage that would require disclosure. Reuters reported in April that the al-Kharafi family the billionaire majority shareholder in Americana at 66.8 percent had hired investment bank Rothschild to explore a possible sale of the business.   Kuwait Investment Company ponders launching an investment fund in the Gulf finance markets compatible with the Islamic Shariaa (law). In a statement on Sunday Bader Nasser Al Subaiee the company's Chief Executive Officer said the fund would be launched with an initial capital of KD five million. The company earned KD 5.22 million in end of the year's first half at a rate of 9.53 fils. Shareholders' equity rose six percent to KD 132.3 million compared to KD 124.8 million in the past year's first half.
MENAFN2608201400960000ID1093926496

 


Arab Times




  MENA News Headlines
 Jan 18 2017 - Kuwait- Defense Min. receives naval hardware from UAE firmKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) ABU DHABI, Jan 18 (KUNA) -- The Ministry of Defense received on Wednesday a naval ship from UAE company "Abu Dhabi Ship Building" (ADSB), part of a purchase of ...

 Jan 18 2017 - Kuwait- Qatari Amir meets with humanitarian dignitariesKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) DOHA, Jan 18 (KUNA) -- Qatari Amir Sheikh Tamim bin Hamad Al-Thani met with a number of humanitarian work dignitaries in Doha on Wednesday. He welcomed Chairman ...

 Jan 18 2017 - Kuwait- His Highness Premier receives former German ChancellorKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Jan 18 (KUNA) -- His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah received former Chancellor of the Federal Republic of Germany ...

 Jan 18 2017 - Kuwait- His Highness Premier receives new water company's stockholdersKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Jan 18 (KUNA) -- His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah received stockholders of a newly established water company, at ...

 Jan 18 2017 - Kuwait- KUNA main news for Wednesday, January 18, 2017Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Local: KUWAIT -- Deputy Prime Minister and Minister of Interior Sheikh Khaled Al-Jarrah Al-Sabah meets Secretary General of the Arab Interior Ministers ...

 Jan 18 2017 - Kuwait- Cabinet Min. wowed by student projectsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Jan 18 (KUNA) -- Minister of State for Cabinet Affairs Sheikh Mohammad Abdullah Al-Mubarak Al-Sabah on Wednesday commended students of Kuwait University's ...

 Jan 18 2017 - Kuwait- Interior Minister meets Arab Interior Ministers' Council chiefKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Jan 18 (KUNA) -- Deputy Prime Minister and Interior Minister Sheikh Khaled Al-Jarrah Al-Sabah tackled on Wednesday with Secretary General of the Arab ...

 Jan 18 2017 - Celebrating 50 years of Mercedes-AMG successMENAFN Press
(MENAFN Press) Mercedes-AMG expanded significantly in 2016 as a whole and, with growth of 44.1%, again significantly exceeded the best previous-year figures. With 99,235 vehicles delivered, the ...

 Jan 18 2017 - Ministry of Health Opens Connected Solar Clinic Donated by Siemens StiftungMENAFN Press
(MENAFN Press) Deputizing for Minister of Health H.E. Dr. Mahmoud Al-Sheyyab, Director of the Planning Department at the Ministry of Health Dr. Basheer Al Qaseer officially inaugurated the Connected ...

 Jan 18 2017 - Bee’ah and GII to build largest electronic recycling facility in the UAEMENAFN Press
(MENAFN Press) Bee’ah, the Middle East's leading and award-winning environmental management company, Sharjah Investment and Development Authority (Shurooq), Gulf Islamic Investments (GII) and Attero ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help