Kuwait – Mubasher: Abyaar Real Estate Development has repaid a total of AED 36.83 million to a Gulf bank, according to a bourse filing issued on Tuesday.
The Kuwaiti company signed an agreement in November, 2012 to settle its entire debts that are due to the bank.
Abyaar has repaid AED 2 million when the settlement agreement was signed, and rescheduled AED 34.83 million worth the remaining amount as semi-annual installments for four years.
