Kuwait's Global Investment House , which is undergoing its second debt restructuring in three years, said 2011 net loss narrowed compared with the previous year, helped by lower writedowns of its financial assets.
The firm, one of the largest investment houses in Kuwait, posted a net loss of 57.5 million dinars ($207.1 million) last year, versus a loss of 73.2 million dinars in 2010, it said in a bourse filing on Tuesday.
It is the third straight year that Global has reported an annual loss, having lost 148.2 million dinars in 2009.
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