Middle East Economic Survey

VOL. XLVIII

No 19

9-May-2005

kuwait

NIG Launches $100Mn Loan Facility

National Industries Group Holding (NIG) on 3 May launched a $100mn three-year amortizing term loan facility. Gulf International Bank (GIB) and WestLB AG (London Branch) are the mandated lead arrangers. The facility pays a margin of 115 bps over Libor and the proceeds will be used by NIG for general corporate purposes. Listed on the Kuwaiti Stock Exchange, NIG is a shareholding company with investments...