Kuwait's Global completes $1.7bn restructuring plan - Banking & Finance - ArabianBusiness.com:
"Kuwait's Global Investment House said on Wednesday that it had completed a $1.7bn restructuring plan, the second at the firm since the global financial crisis.
Under the plan, Global separated its core fee business from other parts of the company which were spun off into special purpose vehicles (SPV).
Global was one of several Kuwaiti investment firms hit hard by the crisis. It used short-term debt to invest heavily in local real estate and stocks whose values later slumped."
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