17.10.2011 - National Bank of Kuwait denies exposure to First Investment
National Bank of Kuwait (NBK) SAK said it didn’t have exposure to First Investment Co., a Kuwaiti Islamic finance company known as Al-Ola, and denied a report that it was part of a debt restructuring accord. “NBK denies signing any restructuring debt agreement with Al-Ola Investment," the bank said in an e-mailed statement today. ‘‘We did not take part in this agreement and we do not have any relationship with or exposure to Al-Ola Investment.’’.............................................Full Article: Source
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