Kuwait-Mubasher: Kuwait and Middle East Financial Investment Company (KMEFIC) said that the asset transfer which was declared by the dual listed company as the debt settlement with Al Madina for Finance and Investment has been completed.
The company noted that a profit of KWD 2.56 million will be earned from the debt agreement.
Al Madina said earlier that the debt settlement resulted in a KWD 3.98 million decrease in the company’s credit liabilities
Al Madina noted that the debt settlement resulted in a decrease of KWD 3.97 million ($13.15 million) in the company’s credit liabilities.
