Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Arab Banking Writes Off 90% of $120 Million Debt, Seyassah Says

June 22 (Bloomberg) -- Arab Banking Corp. wrote off 90 percent of the $120 million debt owed to it by International Leasing & Investment Co., Al-Seyassah reported, citing unnamed people familiar with the issue.

The Kuwaiti-based Islamic leasing and project-financing company will only pay $12 million to its Bahraini creditor, according to the newspaper. International Leasing also owes $60 million to Kuwait and Middle East Financial Investment Co., Al-Seyassah reported.

To contact the reporter on this story: Dahlia Kholaif in Kuwait at

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.