RIYADH: Kuwait-listed Gulf Investment House, one of the leading investors in real estate properties, targets the listing of four firms on the Saudi Stock Exchange and Abu Dhabi Securities Exchange in the next two years, its chairman told CNBC Arabia. The listing consists of companies with a capital of between 15 million Kuwaiti dinars ($48 million) and 50 million Kuwaiti
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Kuwaiti Businessman Denies £8M Owed In Family Dispute
Law360, London (April 7, 2021, 5:34 PM BST) A Kuwaiti businessman has denied that he provided an £8 million ($11 million) guarantee for his family s debt that he said has already been discharged through handing over commercial properties, after a lawyer sued for the money in London.
Dr. Abdulla Al-Humaidi said in a filing at the High Court in London that he did not make a personal guarantee in February 2019 that Kuwaiti European Holding Group would pay lawyer Abdulaziz Alsanad s family three million Kuwaiti dinar ($10 million) by September of that year.
Al-Humaidi is the chief executive of Kuwaiti European, a company which holds an investment in his.
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Kuwaiti Businessman Sued In London For £8M Guarantee
Law360, London (January 26, 2021, 5:17 PM GMT) A Kuwaiti lawyer has sued a businessman in London for allegedly failing to repay an £8 million ($11 million) debt that he had guaranteed.
Abdulaziz Alsanad, a qualified lawyer practicing in Kuwait and chief executive of the Sanad Holding Group, said in a Jan. 20 filing at the High Court that he is suing Dr. Abdulla Al-Humaidi for the money. Al-Humaidi guaranteed the money would be paid back by Kuwaiti European Holding Group, Alsanad alleges.
Al-Humaidi is the chief executive of Kuwaiti European, which holds an investment in his family s assets.