Kuwait-Mubasher: Educational Holding Group said on Tuesday it repaid its entire debts due to Kuwait International Bank (KIB), according to a bourse statement.
Educational Holding, which is listed on the Kuwaiti bourse, said that the debts stood at KWD 14.82 million.
It added that the financial impact from this debts settlement will be decreases of KWD 14.23 million in the company’s long-term liabilities and about KWD 584,250 in the short-term liabilities. It clarified that this will reflect positively on the company’s position.
