09/05/2010 00:00 AST

National Industries Group, the largest industrial investment company in Kuwait, reported a first- quarter profit of 4.7 million dinars ($16 million).

The company had a loss of 36.6 million dinars in the year- earlier period, National Industries said in a statement posted in the Dubai bourse website today.


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Kuwait's National Industries Group Holding (NIG) said on Sunday it has appointed banks to raise more than 100 million Kuwaiti dinars (358 million US dollars) in a Shariah-compliant syndicated loan.

Al Watan

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