Kuwait's International Investment Group, the investment house in the midst of a restructuring process, has said it would ask shareholders during a meeting on September 2 to suspend its 2009 dividend, Reuters has reported. Last month, IIG was unable to make a $152.5m sukuk payment and appointed KPMG to advise it on restructuring its business after it posted a 2009 net loss of KD36.5m due to a slump in income from investments and fees and foreign exchange losses.
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