Investment firms on road back - The National Newspaper

The Gulf’s investment companies have come a long way since cracking last year under the weight of too much borrowing and too little cash, but analysts say a return to financial health may still be some way off.

Several investment companies based in Kuwait and Bahrain started to default on financial obligations and restructure debt last year.

Global Investment House (GIH), one of Kuwait’s largest investment firms, missed a payment on a US$200 million (Dh734.6m) loan in December 2008.