KMEFIC repays KWD 2.5m of loan for parent company

Mubasher: Kuwait and Middle East Financial Investment Company (KMEFIC) announced that it has fully repaid the outstanding loan amount worth KWD 2.46 million included in the financial statements dated 30 June 2019 to the parent company.

KMEFIC will become a zero-net-debt company after repaying all of the loan installments, according to a disclosure to Boursa Kuwait on Sunday.

It is worth noting that during the second quarter of 2019, KMEFIC achieved a year-on-year growth of 54% in profits to about KWD 140,400 from around KWD 91,200.

Mubasher Contribution Time: 18-Aug-2019 14:05 (GMT)
Mubasher Last Update Time: 18-Aug-2019 14:05 (GMT)