Mubasher: Al Masar Leasing & Investment Co. has repaid a debt worth KWD 1.6 million in cash to Kuwait Finance House (KFH), Al Qabas newspaper reported.
KFH is set to receive the remainder of Al Madar’s debts at a later time, an informed source told the newspaper.
The Kuwait-based bank has received several debt repayments with a number of companies and is in the process of receiving several more, the source added, noting that KFH will continue to finance companies in accordance with specific rules and standards.
KFH will continue providing loans to small and medium enterprises (SMEs) and startups, the source continued.
By 12:20 pm, KFH’s stock was 1.29% down to 611 fils.
