Global Investment House '09 loss narrows

15 March 2010

Kuwait's Global Investment House, which is restructuring $1.73bn in debt, has said its full-year net loss had narrowed to KD148.8m ($516.7m), from KD257.6m in 2008, Bloomberg has reported. Global made KD35.2m of impairment provisions last year, compared with KD153m in 2008, it said in a statement.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications