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FINANCIAL NEWS
Kuwait- Messaleh to issue $58m bonds
20 May 2010
(MENAFN) Kuwait-based leading real estate developer Massaleh Real Estate Co. said that it has decided to issue bonds worth $58 million aiming to reschedule the loans of the company and finance its activities, Kuwait Times reported.
Massaleh has numerous impressive projects and has expanded to reach Lebanon, Dubai, Malta, Egypt, Morocco, Libya, Syria and Sudan.
Its activities include residential and commercial property development, facilities management, hospitality and leisure, project management and urban cleaning and waste management.
The revenues of the company topped $31.1 million in 2009, reflecting an increase by 146 percent over 2008 while the expenses were brought down by 18 percent to $10.6 million.
More News
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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