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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Performance more

Kuwait: Investment firms struggling to pay sukuk

Posted on 24 July 2012

The investment sector has not recovered from the 2008 global financial crisis and investors have found themselves in difficulties to refinance the debt they borrowed on short term bases during the boom years because of the rise in borrowing cost.
Investors such as Investment Dar, co-owner of luxury carmaker Aston Martin, International Investment Group, International Leasing and Investment Co. and Global Investment House all had a bad experience. Another Kuwaiti firm investment firm, National Industries Group Holding, which is part of the Kharafi group, has called for its maturing Sukuk next month to be extended to 2016 ……………………………………….Full Article: Source

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