Mubasher: Inovest has settled $6.6 million of its financing loan with a local bank in Bahrain, according to an issued statement.
It is noteworthy that the debts settlement forms 30% of Inovest’s financing facilities, bringing up the overall debts’ repayment to $17.6 million in the past six months, including an early settlement of $11 million facility with a regional bank by the end of 2015.
“Our debt exposure has come down to $17.3 million, a 27% drop in comparison to year end 2015,” said CEO of Inovest Murad Al Ramadan.
