Mubasher: International Financial Advisors (IFA) said that the company is in negotiations to settle part of its debt and reschedule the remaining amount.
IFA, which is listed on both Boursa Kuwait and the Dubai Financial Market (DFM), said that the company is in talks to settle KWD 42.99 million ($143.5 million) debt, according to a bourse statement on Wednesday.
This negotiation will not have a current impact on IFA’s financial profile until the final settlement agreement is signed.
