Thursday, 1 April 2010
Kuwait KIPCO has enough cash to cover debt-exec
Kuwait Projects Co (KPRO.KW) (KIPCO) has enough cash to cover the firm's debt over the coming three years, the company's vice chairman said in a statement on Wednesday.
"At a group level KIPCO is in a very strong position and has enough cash to cover all its debt due in the next three years," Faisal Al Ayyar said.
KIPCO, Kuwait's largest investment firm, expects to be profitable in 2010, Ayyar added.
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