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 email@example.com
To contact the editor responsible for this story: Shaji Mathew at firstname.lastname@example.org
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.