First Investment of Kuwait Considers Sale of Awal Bank Stake

First Investment Co. is considering the sale of its 26.7 percent stake in Awal Bank BSC, the company said in a filing to Kuwait’s Stock Exchange today.

First Investment is also in an advanced stage of talks with its lenders to restructure 90 million dinars ($321.4 million) of debts, according to the filing.

To contact the reporter on this story: Dahlia Kholaif in Kuwait at dkholaif@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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