Kuwait – Mubasher: Housing Finance (Iskan) said Monday that it has repaid an amount of KWD 1.3 million of its existing debt to a local bank, according to a bourse filing.
The company expected the financial impact of the refund to appear in the financial statements for the fourth quarter of 2016 as a decline in the company’s liabilities and financing costs.
Iskan earlier reported a net profit of KWD 422,270 for Q2-16, versus KWD 176,350 for Q2-15.
