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Kuwait Finance has minimal exposure to Saad, Gosaibi

Tue Jun 9, 2009 12:50am EDT

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KUALA LUMPUR, June 9 (Reuters) - Kuwait Finance House (KFIN.KW), the country's biggest Islamic lender, has minimal exposure to two companies that are restructuring their debts, Emad Yousef Al-Monayea, Managing Director of Liquidity House, a unit of KFH told a press conference on Tuesday.

Saudi Arabia's Saad Group said last week it would restructure its debt after it ran into unspecified difficulties, and the Saudi central bank froze the accounts of its billionaire chairman, Maan al-Sanea.[ID:nN0167288].

Ahmad Hamad Al Gosaibi Group & Brothers is restructuring an unspecified amount of debt. (Click on [ID:nISLAMIC] for more Islamic finance stories and ISLAMIC for a speed guide) (Reporting by Liau Y-Sing) ((y-sing.liau@thomsonreuters.com; Reuters Messaging: y-sing.liau.reuters.com@reuters.net; +603 2333 8083)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))



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