Noor Inks 44 Million-Dinar Debt Accord With Kuwait Finance House

Noor Financial Investment KSCC signed an agreement with Kuwait Finance House (KFIN) to reschedule loans of 44 million dinars ($158 million), according to a statement filed on the Kuwait Stock Exchange today.

The reorganized amount, to be converted to long-term loans from short-term loans, accounts for 28 percent of Noor’s total debt, Noor said in the statement. The Kuwait-based investment company said it has rescheduled 75 percent of its total debt and is in talks with other lenders for similar agreements.

To contact the reporter on this story: Fiona MacDonald in Kuwait at

To contact the editor responsible for this story: Shaji Mathew at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.