Articles & News About Getting Cash Loans

Al-Nakib: Al-Deera Signs US$ 53 Million Loan from Local & International Banks

KUWAIT (Business Wire EON) October 24, 2007 -- Mr. Abdulwahab Al-Nakib signed the loan agreement with the representative of the Mandated Lead Arranger - Standard Chartered Bank, in presence of representative of the Lead Advisor Alpen Capital during the signature ceremony held in Kuwait, Mr. Al- Nakib said "Obtaining this syndicated loan for Al-Deera Holding Company within such short period taken for arranging the loan is an indicative of the economic strength the Company enjoys and its well reputation with financial institutions locally and internationally. This also shows those institutions confidence of the future plans and successful strategies adopted by the Company. Such plans and strategies are intended to structured and deliberate growth on the medium and long terms, and the loan shall be used in financing and enhancing the Company's future plans.

Mr. Khaled Magdy Al-Marsafy, General Manager of Al-Deera Holding Company added "Al-Deera has now successfully initiated a close working relationship with an international syndication of financial institutions. This reflected well on lowering the cost of borrowing at Al Deera and paves the way for the company in the future to structure large sophisticated financing instruments with well recognized international banks".

Standard Chartered representative "Standard Chartered Bank as a Mandated Lead Arranger is proud to have had the opportunity to assist Al Deera in bringing their debut deal to the syndicated loan market and would like to thank the Company for choosing us. The consortium of lenders participating in this transaction represents a diverse group of banks from the Middle East. And SCB would like to thank them for joining the syndication and supporting this deal".

Al-Deera Holding Company is considered as one of the leading companies in its line of business. The Company focuses on investment in private and public companies which witness strong growth, most salient of which on the local level are: International Financial Advisors (IFA) ,Kuwait invest, International Finance Company, International Investment Projects Company, Kuwait National Lube Oil manufacturing Company, Marketing Services Company, First Takaful Insurance Company, Jeezan Holding Company, Univest Group, ABC Real Estate Company, and Aiwa Gulf Company.

On the regional and international levels, the Company holds equity investments in companies such as the Kingdom Hotel Investments Company, Triton Distribution Systems Company, US Helicopter Co, BPL Global, PCNY Pollo Campero Co, Chart Venture Partners, the Chart Group Company and SeaMobile. As such Al-Deera relies upon the geographic distribution of its investments for the purpose of distribution of its risks.

Al-Deera Holding Company's assets at the end of June 2007 reached KD 186 million, shareholders' equity reached KD 157 million, net profits reached KD 18 million, and the profit/earning share reached 52 fils, taking into considerations that Al-Deera Holding has only been listed for two years in Kuwait Stock Exchange.

Worth mentioning, Alpen Capital played a significant and pivotal role in arranging the loan's term sheet in its preliminary phases, which was signed between both Al-Deera Holding Company and the Mandated Lead Arranger - Standard Chartered Bank.

Mr. Al Nakib concluded the ceremony by saying "The opportunities shall be seized to make use of the loan in financing a distinguished package of investment opportunities which will be disclosed in the near future".

About Al Deera Holding

Established in 1998, Al-Deera Holding is a Kuwaiti shareholding company (KSE:ALDEERA), listed on the Kuwaiti Stock Exchange since 2005 Al-Deera Holding Company is considered as one of the leading companies in its line of business. The Company focuses on investment in private and public companies which witness strong growth

Since its inception, ALDEERA has adopted a balanced expansion strategy that allowed for mitigating risk, while maximizing investment return. By maintaining a diversified portfolio - both in terms of the geographical and industrial distribution of investments - the company has been able to maintain steady growth in its net profits; as a result of such a strategy.

ALDEERA's investments have also focused on building alliances and strategic partnerships that allow for developing the company's competitive edge especially in as far as competing for top-tier business opportunities is concerned. A good example would be ALDEERA's salient investment in Chart Group.

Standard Chartered - leading the way in Asia, Africa and the Middle East

Standard Chartered PLC is listed on both the London Stock Exchange and the Hong Kong Stock Exchange and is consistently ranked in the top 25 among FTSE-100 companies by market capitalization.

Standard Chartered has a history of over 150 years in banking and operates in many of the world's fastest-growing markets with an extensive global network of over 1,400 branches (including subsidiaries, associates and joint ventures) in over 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas. With strong organic growth supported by strategic alliances and acquisitions and driven by its strengths in the balance and diversity of its business, products, geography and people, Standard Chartered is well positioned in the emerging trade corridors of Asia, Africa and the Middle East. Standard Chartered derives over 90 per cent of profits from Asia, Africa and the Middle East. Serving both Consumer and Wholesale Banking customers worldwide, the Bank combines deep local knowledge with global capability to offer a wide range of innovative products and services as well as award-winning solutions.

About Alpen Capital , Dubai

Based in the Dubai International Financial Centre (DIFC), Alpen Capital is a leading investment bank providing financial solutions to institutional and corporate clients across GCC and South Asia. Alpen Capital specializes in combining the disciplines of strategy, organization, leadership and finance into an integrated approach, with the aim of helping clients to grow and increase their long-term value.

Alpen Capital's associate Bank Sarasin -Alpen, subsidiary of Bank Sarasin & Co, is a leading private bank offering private banking solutions to corporate and institutional clients across GCC and South Asia. Founded in 1841, Bank Sarasin is a leading Swiss bank with global portfolio management and private banking services as its core competence. Rabobank, the only "AAA" rated private bank, is the majority shareholder of Bank Sarasin & Co.

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MyCreditCard.com Chosen as Official Credit Card and Online Service Partner for WhyBuy.com
Online portal to compare credit cards adds value to new rental Website.

How You Can Get A Mortgage ? The Cautious Approach.
A popular mortgage at the time of writing is an interest-only one. This requires that only the interest on the mortgage is paid off on a monthly basis. The rest of the actual amount borrowed is then paid off via other means e.g. a pension, an endowment, or in the UK, an ISA.

The Facts Of Life Where A Payday Loan Is Concerned
A payday loan is a short-term and unsecured loan, usually payable in two weeks, which almost anybody with a job can avail of The beauty of this type of loan is that you need not even have a good credit standing, not even personal and real properties as loan security

Track Your Business Expenses with Business Credit Cards
Are you a business owner or do you have plans of venturing into business? If yes, then this article is for you. It doesnt matter whether your business is old or new, or what type of business youre into- if youre in the business industry, you should take advantage of the benefits of business credit cards. Why is a business credit card a must for every business owner?

Discover What to do When Your Credit Worth is Damaged Due to Circumstances out of Your Control
First of all, let's examine exactly what credit worth means and how it affects your financial life.Your credit worth, as defined by the financial industry, is the overall picture of your financial health that is used by lenders to determine your ability to repay debt.

Pay at the Table Processing aims to Reduce Credit Card Fraud from Restaurants
A partnership between Verifone, Ruth's Chris Steakhouse, and National Bankcard Systems of Austin, Texas provides a credit card fraud prevention solution while increasing the speed and convenience of payment acceptance for restaurants. This system offers restaurant customers table-side payment for increased credit card security, and maximum transaction processing efficiency.

Do you need an asset loan for your business?
If you answered yes, then you could benefit from an Asset Loan Co Business Loan. We offer real value asset loans solutions for businesses and companies. With our company being managed by 3 top business professionals in Rob Borbidge, Paul Hare and Russell Percival you can be assured that your are in good hands.

Seeking A Debt Consolidation Loan: The Importance Of Debt Management As Part Of Your Plan
More and more people find themselves struggling with their finances all of the time. These are men and women who literally have a nearly impossible time keeping their heads above the financial waves that seem to be dragging them farther and farther out into a sea of debt. If this sounds like the situation you find yourself in today, you need to focus your attention on the importance of developing a financial plan for your future. As part of this plan, you may want to consider getting a debt consolidation loan. However, even if you elect to take the course of getting a debt consolidation loan, you must keep in mind that debt management needs to be an important tool in your ongoing efforts to bring financial order to your life, to pull yo...

What To Consider Before Applying For A Loan
Here are some useful tips on what to consider before applying for a loan. If you need money to pay bills or make home improvements, and think the answer is in refinancing, a second mortgage, or a home equity loan, consider your options carefully.

Gold Buyer Get Gold Cash, Inc. Expands Popular Get Gold Cash Roadshow Into East Coast Territories
Get Gold Cash, Inc. announces a new method for selling old gold jewelry. Taking their popular Get Gold Cash Roadshow into territories throughout the East coast, customers can now deal with representatives personally to sell old gold jewelry and other precious metals.

Is Consolidating Your Student Loan A Good Idea?
Some students leave college and you expect them to heave a sigh of relief because at long last the long hurdle is over. No more sleepless nights studying for lessons, no more academic books to read, no more exams to take and most of all no more tuition fees to be paid. But what if the student just relied on student loans all throughout his or her studies? That must have been a lot of loans to pay. Fortunately there is a thing called student loan consolidation.

Mortgages Plc Suspends all Heavy and Unlimited Adverse Business in Light of Current UK Mortgage Market State
With companies such as Mortgages Plc reforming their current strategies as a knock on effect of recent events. An outline is provided on the strategic changes being made and what the future holds for mortgage companies and homeowners.

When Would A Balloon Mortgage Work Best For You?
Mortgages come in many different types and, for this reason - not every mortgage is designed to be able to meet everyone's needs. Balloon mortgages are certainly one of these that may not fit most people's needs, but have a great use for loans needed for just a short term. Several loan types are basically temporary loans but require a balloon payment at a specified time. Here are some situations where a balloon mortgage may be the ideal one for you.

Affordable Bad Credit Mortgage Loans - 3 Tips to Reasonable Bad Credit Mortgage Loans
Finding a mortgage loan with a bad credit rating can be an absolute nightmare: Driving from broker to broker, bank to bank, getting turned down every time, all the while your credit keeps dropping with every credit check. Fortunately, this painful process can be avoided with just a few simple tips.