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Kuwait banks have $118mln Dubai World exposure

Posted on 01 December 2009

From Tradearabia.com: Two Kuwaiti banks have exposure of around $118 million to Dubai World and its subsidiary Nakheel, the central bank governor told state news agency Kuna.

Gulf Bank had KD28 million ($98 million) worth of non-cash facilities with Dubai World due next June, while Ahli Bank of Kuwait had $20 million worth of bonds from developer Nakheel, Sheikh Salem Abdul-Aziz al-Sabah said…………………………….Full Article: Source

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