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This decision aims to settle some debts owed by the company as part of its plan to restructure its debts which resulted in losses of KWD 601,109, according to the company's disclosure to the DFM and Boursa Kuwait on Wednesday.
Hence, its results will be registered in the fourth quarter (Q4) of 2020.
It is noteworthy to mention that during the first nine months of 2020, the company reported net profits attributable to the owners of the parent company of KWD 780,196, against KWD 4.21 million net losses in the same period of 2019.
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