Kuwait – Mubasher: Kuwait Finance House (KFH) announced collecting a KWD 44.5 million cheque withdrawn from a local bank, representing a repayment of a court ruling including legal expenses.
The cashed amount will be used to support the bank’s financial position in 2016 to preserve KFH’s conservative policy, according to a bourse filing on Tuesday.
The court of cassation ruled in favour of KFH against the Commercial Bank of Kuwait (CBK) on 3 April.
