Kuwait - Noor Financial Investment has repaid KWD 3 million ($9.87 million) loan to the parent company ahead of due time, according to a bourse statement released on Tuesday.
The transaction will reduce Noor’s debt and liquidity by KWD 3 million, the Kuwait-listed company added.
Noor Financial Investment reported a 66.56% year-on-year profit decline during the second quarter of 2019.
Profit reached KWD 1.29 million ($4.24 million) in Q2-19, compared to KWD 3.87 million ($12.73 million) in Q2-18.
Source: Mubasher
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