KFIC settles KWD 3.35m debts with client
22 Jun 2017

KFIC settles KWD 3.35m debts with client


Kuwait Finance and Investment Company (KFIC) has agreed with a client on settling and rescheduling a default of KWD 3.35 million since 2010.

This debts settlement will be done through an income-generating real estate asset, as well as rescheduling part of the debts for two years, according to a bourse statement issued on Wednesday.

KFIC noted that a profit of KWD 320,000 will affect the financials of the second quarter of 2017, and will be registered in the third quarter’s statements.

Source: Mubasher