Kuwait's Noor Financial Investment repays $9.8mln loan

The transaction will reduce Noor’s debt and liquidity by KWD 3mln

  

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

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Financial Services